The OCC today updated its Comptroller’s Handbook guidance on residential mortgages, replacing previous guidance and exam procedures issued in 1990, 1998 and 2011. The new booklet consolidates national bank and thrift guidance; provides examiner guidance on assessing residential real estate risk management; includes changes to production, servicing, collections and foreclosures; and incorporates the CFPB’s mortgage rules.
The FOMC announced that it will hold the target range for the federal funds rate at 4.25%-4.5%. However, Governors Michelle Bowman and Christopher Waller voted against the policy, instead preferring to lower the target range by 0.25 percent.
A federal court granted a stay in a lawsuit challenging the CFPB’s financial data sharing rule after the bureau requested time to work on a replacement, but it left in place the deadlines for complying with the current...
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of New Mexico and West Virginia recently affected by severe storms and flooding.
Pending home sales fell 0.8% in June from the prior month, the National Association of Realtors said. Year over year, pending transactions were down 2.8%.
A growing number of states have enacted or are considering new regulations on cryptocurrency ATMs to crack down on fraud involving the machines, according to AARP.
Real gross domestic product (GDP) increased at an annual rate of 3% in the second quarter of 2025, according to the advanced estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased...
