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KB Home names Casey Dare president of Tampa division
As Tampa division president, Dare will oversee land, construction, sales, and customer service across the growing market
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Warsh delivers hawkish Jackson Hole speech, fueling speculation of a September rate hike
Markets now see a 57.4% chance of a September rate hike
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Fed Chair Warsh will vote to hike rates if data doesn’t improve
The three things that matter now
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MBA president fires back on claims of poor FHA underwriting
Bob Broeksmit said WSJ op-ed erroneously linked the health of an independent lender to the health of the FHA’s Mutual Mortgage Insurance Fund
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FHA expected to keep Classic FICO as it adds new models in January
Lenders expect model consistency will be required at the loan level
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South River Mortgage elevates Tyler Plack to CEO
Tyler Plack was a founding employee of South River when it opened in 2017
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ERA Real Estate names Frank Malpica president
Malpica’s appointment follows the tenure of Alex Vidal
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Eastern Washington agents balance business and wildfire disaster recovery
More than 850,000 acres have burned statewide with hundreds of homes destroyed in the Spokane area
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Mounting ICE raids leave homebuilding’s frontlines frozen in fear
Amid a summer surge in job site raids, homebuilders in some states say that their workers, even those in the U.S. legally, got caught in the crosshairs
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Fed Chairman Warsh’s First Jackson Hole Speech: What a Hawkish Fed Means for Mortgage Rates This Fall
Kevin Warsh’s first Jackson Hole speech as Fed Chairman was an exercise in doubling down: on the 2% target, on the Fed’s responsibility for 65 months of elevated inflation, and on his refusal to commit to any policy path. Prediction markets flipped from pricing a September hold to pricing a hike before he finished speaking.
