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President Trump campaigned on a promise to bring down interest rates. And he has fulfilled that pledge in one key way, with U.S. government bond yields falling sharply. But the reason for the drop is an unnerving one: Investors appear to be more on edge about the outlook for the economy. Treasury Secretary Scott Bessent…
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans bought just over four million previously owned homes last year, the National Association of Realtors said on Friday. That was the fewest since 1995 and…
A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they could not afford. The civil suit, filed in federal court in the Eastern District of Tennessee by the Consumer Financial Protection Bureau, said Vanderbilt Mortgage…
