FHA Relaxes Restrictions on Agency-Backed Condo Loans

The Senate adjourned without reaching a funding deal for the Department of Homeland Security, meaning a limited shutdown affecting only the department is likely start on Saturday, although the shutdown shouldn’t immediately affect the Federal Emergency Management Agency...

Existing home sales decreased 8.4% in January to a seasonally adjusted annual rate of 3.91 million. Year-over-year, sales decreased 4.4%. Month-over-month and year-over-year, sales decreased in the Northeast, Midwest, South and West. "The decrease in sales is disappointing....

While artificial intelligence is widely used for fraud and scams, fraudsters are getting increasingly frustrated with detection systems used by banks and other organizations to to spot use of the technology, according to a new report on the...

The rate for a 30-year fixed-rate mortgage was 6.09% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.

The FDIC and OCC released the market scenarios they will use in their upcoming stress tests for financial institutions. The agencies coordinated with the Federal Reserve to develop the scenarios, with the Fed releasing its scenarios last week.

A bipartisan group of senators introduced legislation to raise the asset threshold under which banks are subject to longer examination cycles.