FHFA solicits public comment on four-year strategic goals

Amid rising housing unaffordability, Congress needs to remove a the "huge amount of red tape" that inhibits building new homes and refurbishing existing housing stock, Sen. Dave McCormick (R-Pa.) said at the Summit.

A proposed Senate bill would strengthen the CDFI Fund through added transparency, the expansion of responsible access to capital and the improvement of federal programs that support CDFIs, ABA said in a letter to the bill’s sponsors.

The rate for a 30-year fixed-rate mortgage was 6% this week. The rate for a 15-year fixed-rate mortgage was 5.43%.

The Department of Veterans Affairs released draft policy documents to implement a new partial claim option for borrowers with VA-guaranteed loans who are experiencing financial hardship.

The OCC finalized a rule to revise licensing requirements for community banks and eliminated a system used to monitor national bank compliance with fair housing laws, both as part of a broader effort to reduce the regulatory burden...

ABA experts point to what is ahead across multiple issues.