Mortgage rates drop
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.53%.
ABA DataBank: Inflation high for ‘The Twelve Days of Christmas’
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Bankers stress need for community bank leverage ratio reform
Community bankers gathered at the Federal Reserve to talk about the challenges facing their sector, with some proposing it is time to take another look at the community bank leverage ratio.
Bessent outlines policy agenda to boost community bank business model
Treasury Secretary Scott Bessent shared several steps the Trump administration plans to take to drive a “community bank comeback,” including a renewed push for regulatory tailoring, a review of core platform providers, friendlier capital requirements, and revised requirements...
Fed releases FAQ, templates to help mutual banks raise capital
The Federal Reserve has released an FAQ and two templates that mutual banks can use as they consider engaging in raising capital.
Fed to expand Fedwire, NSS operations to Sundays, holidays
The Fed announced that Fedwire Funds Service and National Settlement Service operations will be expanded to include Sundays and weekday holidays.
FinCEN renews residential real estate geographic targeting orders
FinCEN announced the renewal of geographic targeting orders that require U.S. title insurance companies to identify the natural persons behind shell companies used in non-financed purchases of residential real estate.
