Pending home sales in December 2025 dropped 9.3% from the prior month and 3% year over year, according to the National Association of Realtors. There were 1.18 million homes on the market.
The FDIC has held conversations with the Federal Reserve about a proposed series of amendments to Community Reinvestment Act regulations and would welcome the central bank’s participation, FDIC Chairman Travis Hill said.
The July reading of new home sales reflects affordability challenges, with mortgage rates reaching 6.66% at the end of July.
The banking industry reported a return on assets ratio of 1.37% and aggregate net income of $90.1 billion in the second quarter of 2026, an increase of $9.7 billion, or 12%, from the prior quarter, according to the...
The Treasury Department announced the launch of a new public-private initiative "to help accelerate the U.S. financial sector's transition to quantum-safe technology."
John Crews has been sworn in as chairman of the National Credit Union Administration, the agency announced. Crews currently is the only member of the NCUA board.
Federal housing and banking regulators are rescinding 2022 guidance on special-purpose credit programs, saying the document conflicts with fair lending law.
