AI, CRM, Verification, DSCR, HELOC Products; Gov't Programs; Rates and Inflation, Borrower Psychology

The April FOMC Meeting concluded with the Fed leaving interest rates unchanged, and it was the last under Jerome Powell’s chairmanship. Chair Powell is the first Fed Chairman to step down and remain on the Board since 1948 due to a) the Federal investigation regarding the cost of renovating the Fed’s Headquarters, and b) he probably wants to have a voice in keeping the Fed independent from presidents. Kevin Warsh is …