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Jobs data for April comes in strong, reducing the likelihood of a rate cut
Non-farm payrolls added 177,000 new jobs in April, above economists’ estimates of 130,000. This kept unemployment at 4.2% and wages rose by 0.2%.
Unaffordable by Design: What’s Next for America’s Intractable Housing Crisis?
An exclusive dive into the roots of America’s housing affordability crisis — revealing how we got here and what it will take to chart a new path forward.
PennyMac raises $850M in high-demand debt issuance
The California-based mortgage lender and servicer initially planned to issue $650 million.
Conforming loan limits draw scrutiny
Redwood Trust, a major player in the private-label securitization market, sees a looming problem brewing in the housing industry: the expanding conforming loan limits set by the FHFA.
Knock reverses course on loan officer pay cut
On Tuesday, Knock’s director of sales told loan officers they would receive a 33% reduction in salaries effective Jan. 1. But sources told HousingWire the company reversed course after blowback.
