Builder confidence in the market for single-family homes in May was 34, down from 40 the previous month, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The current sales conditions index fell eight points to 37, sales expectations in the next six months fell one point to 42 and traffic of prospective buyers declined two points to 23.
Banking agencies pledge more scrutiny of core provider business practices
The federal banking agencies pledged to step up oversight of third-party core providers whose business practices “unreasonably limit” community banks from conducting due diligence or from negotiating contract terms that address the banks’ business needs.









