ASID News Today — August 8, 2026
Will the negative jobs report hold off a September rate hike? and more — today's asid signal.
The US economy is facing a critical juncture, with the latest jobs report showing negative growth, which has sparked debate about the likelihood of a September rate hike. This uncertainty is being closely watched by the real estate industry, as interest rates have a significant impact on housing markets and mortgage lending. Meanwhile, the Federal Reserve is also facing its own challenges, with President Trump reportedly renewing his bid to oust Fed Governor Lisa Cook, which could further complicate the central bank's decision-making process.
The real estate industry is also dealing with its own set of challenges, with United Wholesale Mortgage being downgraded by Fitch after reporting a Q2 loss and announcing a deal with Oaktree. On the other hand, REMAX and Keller Williams have received final approval of the Batton 1 settlement, bringing some closure to that issue. The debate over off-MLS listings has also gained momentum, with the issue now being discussed in Washington and highlighting the need for real estate agents to have a clear understanding of the implications. In a positive note, Longbridge originations have jumped 38%, contributing to Ellington's $54.4M profit, showing that some companies are still performing well despite the challenges facing the industry.
Today's signal:
• Will the negative jobs report hold off a September rate hike? (housingwire.com)
• Trump reportedly renews bid to oust Fed Gov. Lisa Cook (housingwire.com)
• UWM downgraded by Fitch after Q2 loss, Oaktree deal (housingwire.com)
• REMAX, Keller Williams win final approval of Batton 1 settlement (housingwire.com)
• The off-MLS debate moves to Washington, and agents need a clear script (housingwire.com)
• Longbridge originations jump 38%, propelling Ellington to $54.4M profit (housingwire.com)