ABA recommended targeted reforms to the TILA-RESPA Integrated Disclosure framework to reduce unnecessary compliance burdens, improve disclosure accuracy, streamline mortgage closings, and preserve strong consumer protections.
The U.S. and Japan launched a joint intervention to boost the yen after the currency fell to a 40-year low against the dollar, reflecting concerns about Japanese inflation and broader financial market stability.
Despite the unemployment rate remaining relatively low, a moderation in labor market conditions could lead to a broader cooling in consumer credit performance.
The Federal Housing Administration has released a draft mortgagee letter proposing a Reinstatement Advance Payment Demonstration that would provide a voluntary alternative method for securing partial claim and payment supplement debt. The proposal would eliminate the need for...
The Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program.
The rate for a 30-year fixed-rate mortgage was 6.69% this week. The rate for a 15-year fixed-rate mortgage was 6.01%.
