Why Friday’s jobs report won’t compel Powell to cut rates
Will Friday’s jobs report compel Federal Reserve Chairman Jerome Powell to cut rates by 1%, as President Trump suggested on social media today? The answer is no. While the labor market is showing signs of cooling and there are some indications of stress in certain sectors of the economy, today’s rep
Rocket, PennyMac price new debt offerings
Rocket Companies and PennyMac Mortgage Investment Trust priced new debt issuances this week. While Rocket is refinancing debt tied to its Mr. Cooper acquisition, PennyMac is supporting its investment and lending strategies.Rocket priced $4 billion in senior unsecured notes — $2 billion due in 2030 a
America once solved a housing crisis — then forgot how
As America wrestles with a historic housing shortage and affordability roadblocks, one urban planning expert believes the solution may lie in a little-remembered agency born more than a century ago during World War I.The U.S. Housing Corp. (USHC) — established in 1918 — was created to solve a growin
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