Through its Corporation for American Banking subsidiary, ABA today endorsed the private mortgage insurance offerings of Arch Mortgage Insurance Company.
“Arch MI’s mortgage insurance solutions help our member banks — of every size and type — provide residential mortgages to their borrowers,” said ABA EVP Christy Walika. “The ABA endorsement signifies our confidence that our members can rely upon Arch MI for top quality performance and reliable results.”
During a hearing on financial scams targeting consumers, Senate Banking Committee members offered different approaches for addressing the problem, with Democrats arguing that financial institutions should take responsibility for scams targeting their customers and Republicans pushing for consumer...
While financial stress among U.S. employees remains high, access to financial planning benefits through work has doubled since 2023, according to a PNC Bank survey.
The rate for a 30-year fixed-rate mortgage averaged 6.2% this week. The rate for a 15-year fixed-rate mortgage averaged 5.27%.
ABA announced the winners of its 2024 ABA Diversity, Equity and Inclusion Awards, which recognize member banks for their internal-facing programs, leadership and activities focused on improving DEI within their workplace.
The Producer Price Index increased 0.2% in August from the previous month, the Labor Department reported.
ABA has been active in recent months on issues important to banks in the mortgage space. The following is a rundown on the topics ABA’s advocacy team has been working on.
