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Banks 'flying blind' without cumulative data on regulatory proposals -
Biden's order marks the beginning of AI regulation for banks -
White House touts support for commercial-to-residential conversions -
Core inflation prices jump most in four months as spending picks up -
Will banks sue over the Community Reinvestment Act rule?
- Sep 9-10, 2024|San Diego, CA
Buyers aren't necessarily responding to greater inventory and lower mortgage rates.
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The latest violations come as the bank expects to face more than $3 billion in regulatory fines for anti-money-laundering failures.
September 11
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The latest inflation news is almost sure to result in a 25 basis point cut next week, but some are still hoping for 50 basis points, as well as reductions totaling almost 200 basis points through the end of 2025, Wolters Kluwer found.
September 11
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The government agency's new issuances in August totaled over $40 billion, marking a high not seen since late 2022.
September 11
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The regional bank has already seen a large reduction in "criticized" loans, and it expects that trend to pick up as lower borrowing costs alleviate the pain in the commercial real estate sector.
September 11
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Loan applications increased for the third week in a row, as borrowers responded to recent falling rates, the Mortgage Bankers Association said.
September 11
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
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OceanFirst's own press release points out the federal government has obtained $120 million in relief in similar cases since 2021.
September 18
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The Federal Reserve chair said he supports the revised proposal outlined by Vice Chair for Supervision Michael Barr and said the new proposal would get a vote by the full Board of Governors early next year.
September 18
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Short-term rate cuts often don't immediately translate to lower financing costs for 30-year home loans, and there are some unique circumstances this time.
September 18
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The government agency also finalized a rule that will bring virtual home buyer counseling services to consumers.
September 18
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The move signals the end of the Federal Reserve's battle against runaway inflation in the wake of the COVID-19 pandemic. Fed officials expressed divergent views on further action this year.
September 18
