The OCC today updated its Comptroller’s Handbook guidance on complying with the Real Estate Settlement Procedures Act and Regulation X. The new booklet covers the transfer of rulemaking authority for Reg X to the Consumer Financial Protection Bureau, as well as new mortgage servicing requirements, new loss mitigation procedures, new prohibitions related to borrower assertions of error and new servicing-related exam procedures.
Consumer sentiment fell 4.8 points in April to 52.2, down 25.0 points from one year ago, according to final results of the University of Michigan Surveys of Consumers. The Current Economic Conditions Index decreased 4.0 points from the...
The Federal Reserve and FDIC rescinded two joint statements issued under the Biden administration on the risk management obligations of financial institutions should they offer crypto-related services.
The rate for a 30-year fixed-rate mortgage was 6.81% this week. The rate for a 15-year fixed-rate mortgage was 5.94%.
In a video message, Treasury Secretary Scott Bessent told students across the U.S. that their participation in Teach Children to Save Day represents their first step toward wise money management.
More than one in three Americans are not confident they have enough savings to cover unexpected bills, according to a new survey by TD Bank.
Existing home sales declined 5.9% in March to a seasonally adjusted annual rate of 4.02 million, the National Association of Realtors said. Sales were down 2.4% from a year ago.
