After projecting four rate cuts for 2025 at their September meeting, members of the Federal Open Market Committee now project only two rate cuts next year.
The Mortgage Bankers Association noted some notices of violation sent by HUD’s Mortgagee Review Board seek civil monetary penalties for violations of the National Housing Act, and others mention other administrative actions.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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