The Federal Housing Administration on Thursday said that its updated handbook consolidating its guidance for lenders into a single resource would take effect on Sept. 14 instead of June 15 as originally planned. “It’s become clear over the last few months that some of our industry partners require additional time to prepare to implement the handbook,” said HUD official Kathleen Zadaresky.
FDIC Vice Chairman Travis Hill outlined his policy priorities for the agency, calling for a return to fundamentals for bank supervision, a “more open-minded approach” to technology and bank-fintech partnerships, and a re-evaluation of how regulators implement the...
Egg prices are climbing due to avian flu, while orange juice and coffee are up due to hurricanes, droughts and a disease affecting citrus globally.
The rate for a 30-year fixed-rate mortgage was 6.93%. The rate for a 15-year fixed-rate mortgage was 6.14%.
The U.S. economy added 256,000 nonfarm jobs in December. The unemployment rate was little changed at 4.1%.
The CFPB proposed an interpretive rule to expand Electronic Fund Transfer Act protections to digital payment mechanisms, such as those involving stablecoins or transactions in video games.
Mortgage prepayments remain unlikely to rise amid higher rates.
