FHA issues final rule for transitioning ARMs off Libor

President Trump’s recent executive order closing federal government agencies on Dec. 24 and 26 does not affect the timing requirements in regulations with requirements based on business days, such as Regulation Z (TRID and right of rescission), Regulation...

Consumer sentiment rose 3.7% from the previous month in December to land at 52.9, but was down 28.5% from a year ago, according to final results from the University of Michigan Consumer Sentiment Index.

Existing home sales increased by 0.5% in November from the previous month, according to the National Association of Realtors. Sales were down 1% from a year before.

The cumulative trading revenue of U.S. commercial banks and savings associations was $18.4 billion in the third quarter of 2025, the OCC reported.

The PNC Christmas Price Index, which tracks the cost of a full set of gifts from "The Twelve Days of Christmas," rose 4.5% to $51,476.12 in 2025, compared to a 5.4% rise in 2024.

OCC report said that “a recent firewall access incident” should serve as a warning to banks about managing risks to aging infrastructure and end of life of IT assets.