Mortgage rates decrease

A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer protection if federal and state regulators don’t establish safeguards for individuals and businesses, Federal Reserve Governor Michael Barr...

The Federal Reserve, FDIC and OCC announced they have withdrawn an interagency set of principles for climate risk management at large banks.

The RTP network set a single-day record by processing 1,808,967 transactions valued at $5.2 billion on Oct. 3, network operator The Clearing House said.

The plan proposes three strategic goals for the agency: responsibly Oversee Fannie Mae and Freddie Mac; supervise the Federal Home Loan Bank system; and efficiently manage federal housing operations. 

Builder confidence in the market for single-family homes rose five points in October to 37, according to the National Association of Home Builders/Wells Fargo Housing Market Index.

In related news, a federal judge issued a temporary restraining order preventing the Trump administration from firing more than 4,000 federal workers during the government shutdown, including staff at the Treasury Department, which houses the CDFI Fund.