ABA Endorses MortgagebotLOS for Loan Origination

Construction spending during June 2025 was estimated at a seasonally adjusted annual rate of $2,136.2 billion, 0.4% below the revised May estimate of $2,143.9 billion. The June figure is 2.9% below the June 2024 estimate of $2,143.9 billion....

The U.S. manufacturing sector contracted in July for the fifth month in a row, following a two-month expansion preceded by 26 straight months of contraction. The ISM Manufacturing PMI® registered 48%, 1.0 percentage points (pp) lower compared to...

A recent analysis of data breach incidents found that nearly every breach contained financial information, while a separate analysis concluded that the average cost of a breach in the U.S. grew to more than $10 million last year.

Total nonfarm payroll employment changed little in July (+73,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported. The unemployment rate, at 4.2%, also changed little in July.

The Federal Reserve has joined other banking agencies in allowing banks to collect taxpayer identification number information from third parties rather than directly from bank customers when opening accounts.

The rate for a 30-year fixed-rate mortgage was 6.72% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.