Treasury Department plans to cut thousands of employees

Elon Musk and his team in the White House reportedly plan to lay off a substantial portion of employees in the U.S. Department of Treasury as part of their ongoing effort to reduce the federal workforce.In a court filing Tuesday surfaced by Bloomberg Law, the Treasury’s Deputy Assistant Secretary Tr

New home sales report shows completed units could be a problem

Today’s report on new home sales reveals a slight shortfall in sales estimates. However, it also emphasizes a more critical issue: the currently elevated supply of new homes. This surplus has significantly contributed to the stagnation of housing permits for some time. By addressing and reducing the

Fitch Ratings assesses home equity investments amid wider scrutiny

As the scrutiny of home equity investment (HEI) products has accelerated, credit ratings agency Fitch Ratings this week released a report explaining its approach to such products, reiterating that it does not rate them.While some other ratings agencies have opted to provide assessments for such prod

Pulte terminates SPCPs, issues recision of UDAP bulletin in slew of orders

In a series of posts to his account on social media platform X, Federal Housing Finance Agency (FHFA) Director Bill Pulte published housing orders that terminate special purpose credit programs (SPCPs) and rescinds a 2024 advisory bulletin detailing the agency’s enforcement against unfair or decepti