Pending home sales fell 5.5% in July from the prior month, the National Association of Realtors said today. The pending home sales index—a forward-looking indicator based on contract signings—decreased to 70.2. Year over year, pending transactions were down 8.5%.
Former NCUA chair named acting OCC head
Former National Credit Union Administration Chairman Rodney Hood was named acting Comptroller of the Currency by Treasury Secretary Scott Bessent. He succeeds Acting Comptroller Michael Hsu.