OCC: Mortgage Performance Improved in Q1

The OCC released the second quarter 2024 mortgage metrics report, which showed that 97.3% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter.

Housing starts increased by 9.6% in August from the month prior to a seasonally adjusted annual rate of 1.36 million, the Commerce Department reported.

The FDIC and OCC issued new policies that expand the factors both will take into consideration when reviewing bank merger applications, with the OCC eliminating its expedited review process and the use of streamlined applications.

Business inventories in July came in at $2.57 trillion, up 0.4% from the month prior and up 2.5% from a year ago, the Commerce Department said.

Builder confidence in the market for single-family homes in September was 41, up two points from the previous month, according to the NAHB/Wells Fargo Housing Market Index.

A House bill that would codify an IRS notice to expand the list of preventive care benefits permitted to be provided by high deductible health plans deserves the support of lawmakers, the executive director of ABA’s Health Savings...