The parent company of Bed Bath & Beyond is renaming itself Neighborhood Intelligence and shifting toward home services including flooring, insurance, and even mortgages.
After the Great Recession, banks were required to hold a certain amount of capital to specifically cover mortgages. Banks backed away from mortgages as a result.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.