"December 5, 2024" Archives

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Trump, Republicans may not be unified on how to change the Fed

President-elect Donald Trump and Republican Party critics of the Federal Reserve may not be aligned on what they see as key priorities for reforming the central bank. Trump has previously said that he wants more influence over its practices, but lawmakers may want the opposite, according to a report from Politico. “The president-elect’s chief issue…

UWM to issue $500M in unsecured debt, aims to pay down MSR facilities

UWM Holdings Corp., the parent company of leading U.S. mortgage lender United Wholesale Mortgage (UMW), announced Thursday its plan to raise $500 million in debt through a private offering of senior notes that mature in 2030.  The company intends to use the proceeds to pay down outstanding amounts on its mortgage servicing rights (MSR) facilities…

Manufactured homes are appreciating faster than site-built homes

An analysis of data from the U.S. Department of Housing and Urban Development (HUD) and U.S. Census Bureau over a five-year period shows that prices for manufactured homes have risen by nearly 60% as the nation continues to contend with a housing affordability crisis that stems in part from a shortage of sufficient inventory. The…

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