FHA Relaxes Restrictions on Agency-Backed Condo Loans

Federal judge Mark Pittman today granted the Consumer Financial Protection Bureau a 30-day pause in the challenge brought by ABA and others to the CFPB’s rule on credit card late fees. “Counsel for the Bureau have begun discussing...

The Senate voted 56-43 to confirm Bill Pulte to be FHFA director. Pulte is CEO of the private equity firm Pulte Capital Partners and a philanthropist.

The Producer Price Index was unchanged in February from the previous month and increased 3.2% from a year before.

The rate for a 30-year fixed-rate mortgage was 6.65% this week. The rate for a 15-year fixed-rate mortgage was 5.8%.

The Senate Banking Committee voted 13-11 in favor of legislation to prevent federal banking regulators from using reputational risk as a component in supervision.

The Senate Banking Committee voted 18-6 in favor of a bill that would create a regulatory framework for payment stablecoins, with the legislation receiving support from all committee Republicans and some Democrats.