Fannie Mae today reported a $1.1 billion profit for the first quarter of 2016, following a $2.5 billion gain in the previous quarter. The decrease in profit was largely attributed to fair value losses as a result of decreased longer-term interest rates, offset by credit-related income. Freddie Mac earlier this week reported a loss for the first quarter.
The CFPB proposed a “narrowly tailored” rule to amend disclosure requirements for certain international money transfers, or remittances.
The FDIC released guidance with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Louisiana affected by Hurricane Francine.
The FDIC released the results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2024. The Summary of Deposits provides deposit totals for each of the more than 76,000 domestic offices...
ABA joined other associations in urging the FCC to require voice service providers to quickly implement a standard notification to advise banks and other businesses when their outbound calls have been blocked.
Three out of four major U.S. regions posted sales declines while the Midwest registered no change, according to the National Association of Realtors. Sales also fell 4.2% from the previous year, down from 4.03 million in August 2023.
While mortgage rates do not directly follow the Fed's moves, the first cut in over four years will have an effect on the housing market, Freddie Mac economists said.
