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Wolf Street

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It took seven years to detect that secret algo expertly designed to break US law and deceive consumers.

This Has Been Years in the Making.

Nasdaq fell 2.05%, back to where it had been in September 2021. We have some new WTF Charts of the Year.

After ON RRPs go to zero, reserves will decline, further reducing the Fed’s interest expenses and losses. But it’s not straightforward.

Price reductions of existing homes jump to 31.7% of active listings, highest since 2017.

All that makes sense, but why are there still any cash-out refis when people could take cash out via HELOCs, without losing a 3% mortgage?