Default Servicing
Demetria C. Lester
August 28, 2025
During an economic symposium held by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell suggested that an unsteady labor market could benefit from lowering interest rates.
A new Redfin report revealed the share of American workers who are canceling aspirations to make major purchases, such as buying a home or car, due to their feelings about job security—ultimately, postponing major life plans.
“Even as incomes grow, higher interest rates have eroded the real-world purchasing power of the typical American household,” said Danielle Hale, Chief Economist, Realtor.com.
The Mortgage Bankers Association (MBA) reported that for each loan originated in Q2, independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks revealed a significant pre-tax net production profit, compared to recording net losses per loan in Q1 2025.
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