Banking agencies extend comment period for bank-fintech information request

FHA has extended by six months the compliance deadline for a new rule removing the face-to-face meeting requirement for certain mortgagees amid concerns about how the policy would be implemented.

The rate for a 30-year fixed-rate mortgage was 6.84% this week. The rate for a 15-year fixed-rate mortgage was 6.02%.

Existing home sales increased 3.5% in October to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors reported. Sales rose 2.9% from a year ago. The median existing-home sales price rose 4% from a...

An FDIC proposal to expand the definition of brokered deposits not only fails to justify the reason for the change, it does not meet the legal standards required of new rulemakings and raises numerous policy concerns, ABA and...

Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply for credit in the near future, according to the New York Fed’s most recent Credit Access Survey.

When banking agencies overwhelm the rulemaking process “by publishing thousands of pages of rulemakings in a short period of time,” the ability for the public to provide meaningful comment is compromised, Federal Reserve Governor Michelle Bowman said.