Fed keeps rates unchanged, but hints that cuts are coming

The Federal Reserve on Wednesday kept benchmark interest rates at a range of 5.25% to 5.5%, the eighth consecutive meeting in which rates were unchanged.Members of the Federal Open Market Committee (FOMC) said in a statement that they would “carefully assess incoming data, the evolving outlook, and

Can 3D printing impact affordable housing stock? HUD thinks so

Following a $600,000 research grant to the city of Nome, Alaska, that was issued last year, senior officials at the U.S. Department of Housing and Urban Development (HUD) visited the University of Alaska at Fairbanks to tout the possibilities that 3D printing technology could bring to the constructi

Rithm‘s Nierenberg says firm is not in a ‘race‘ to grow MSRs

Like its peers, New York-based asset manager Rithm Capital, the owner of multichannel lender Newrez, has invested in building an extensive servicing portfolio over the past few years. This has occurred both organically and through acquisitions as Rithm aims to retain customers when mortgage rates de

NAR files motion to dismiss discrimination and harassment suit

The National Association of Realtors (NAR) has had its fill of lawsuits.The besieged trade association filed a motion to dismiss a discrimination lawsuit brought in June by former employee Roshani Sheth, who alleges that the trade group fired her in retaliation for filing internal complaints that al