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July jobs data misses expectations, includes major revisions for May and June
The July jobs report shows a big miss of jobs created, plus a big revision of job numbers from May and June.
Trump meets with big bank CEOs to talk about taking the GSEs public: Bloomberg
Trump is meeting with big bank CEOs to discuss privatizing the GSEs and the role their banks might play, Bloomberg reported Thursday.
Rocket returns to profitability in Q2, yields early benefits from Redfin deal
Rocket Companies has returned to profitability despite a challenging second quarter for the mortgage industry, marked by economic uncertainties in the U.S.
Truework launches automated income verification platform
Truework calls the new and improved platform the first automated and comprehensive income verification tool. The company said that Truework Intelligence includes new data methodology, predictive analytics modeling and other features.
Federal Reserve stands pat, but still sees rate cuts ahead
The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession.
NRMLA supports Hawaii bill seeking state-run reverse mortgage program
The reverse mortgage trade association said it supports a bill to set up a state-run HECM program, but it also requested some changes.
Gibson plaintiffs assert eXp, Weichert conducted reverse auctions
The Gibson plaintiffs have not been shy in their disdain for the settlements eXp and Weichert reached with the Hooper plaintiffs
Trump paused tariffs, but homebuilders still see long-term risk
The pause on Canadian and Mexican tariffs allowed builders to breathe a sigh of relief, and the deportation operation doesn’t yet appear to be having the impact that some feared. However, the short-term wins don’t end the long-term risks that still loom as Trump settles into office.
REsides announces partnership with proptech platform Rayse
REsides is partnering with proptech startup Rayse to give brokers early access to a platform that enhances agent-client transparency.
