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Fed hawk Bullard steps down to be dean at business school in Indiana

(Reuters) -St. Louis Federal Reserve President James Bullard, a leading hawk at the U.S. central bank who pushed for aggressive interest rate hikes to curb high inflation, will leave the Fed regional bank next month to join Purdue University's business school. Bullard, who has led the St. Louis Fed since 2008 and is the Fed's longest-serving current policymaker, will stay on in an advisory role at the regional bank until Aug. 14 before taking up a post as the inaugural dean of the Mitchell E. Da ....

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Underwriting, LOS, Appraisal Tools, Broker and Automation Products; Freddie and Fannie News; Housing Starts Skyrocket

Underwriting, LOS, Appraisal Tools, Broker and Automation Products; Freddie and Fannie News; Housing Starts Skyrocket
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Affordable Housing, Retention Products; Events Early Next Week; Dive Into Recent Economic Stats

Competition is the mainstay of many businesses and individuals. How does UPS compete to hire drivers for their trucks? One way might be to offer air conditioning, which has been negotiated for the first time. Lenders and vendors are led by competitive people, and several own interests in major or minor league sports franchises, the latest being Stan Middleman &amp; the Phillies. Competition in the food and beverage industry? SF’s Anchor Steam was scaling back, Tupperware is in rough straits, and now the owner of Pyrex and Insta Pot is filing for bankruptcy! How is the public expected to keep its leftovers!? Builders are out there competing for lots. Residential lenders don’t compete with real estate agents, but NAR is always discussing its lobbying efforts. This week the Mortgage Bankers Association (MBA) is hosting a national, industry-wide campaign to grow its free grassroots advocacy network, the Mortgage Action Alliance (MAA), a non-partisan and effective way ....

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AMC Alternative, Workflow, HMDA Dashboard Products; Opendoor and Redfin Earnings; What's Moving Rates?

Airbnb rolled out some changes in an effort to take business away from hotels. Mexico has about 400,000 Airbnb listings, and I mention this because today celebrates Mexico’s victory over France in the Battle of Puebla on May 5, 1862. It was a relatively minor battle (and the French reclaimed Puebla a year later) but a symbolic one because a small Mexican army defeated a larger occupying force. By 1867, Mexican troops had driven France from the country. Mexico is just one of twenty Hispanic countries, and lenders know that the rise in overall Hispanic home ownership in recent years played out in first-time home buyer numbers and many have “diversity” departments that encompass many lending facets including minority homeownership. Hispanic homeownership in the U.S. climbed significantly in 2020: There are now about nine million Hispanic homeowners in the country, according to a report released by the National Association of Hispanic Real Estate Professionals. Viva la ....

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Marketmind : Banks queue round the block at Fed discount window - Stock market news

A look at the day ahead in European and global markets from Wayne Cole | 01:33am ....

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