The rate for a 30-year fixed-rate mortgage was 6.76% this week, up from 6.71% last week, according to Freddie Mac. A year ago, the rate was 6.35%. The rate for a 15-year fixed-rate mortgage was 6.09%, up from 6.04% last week. A year ago, the rate was 5.5%.
The FBI released its first “cyber strategy” that outlines the law enforcement agency’s priorities in combating cybercrime and protecting critical infrastructure.
Financial institutions flagged approximately $17.5 billion in suspicious activity related to potential health care fraud during a one-year period starting in 2025, according to a financial trend analysis released by FinCEN.
If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity supported by those deposits goes away, Kennebec Savings Bank President and CEO Andrew Silsby wrote in a guest...
The Federal Communications Commission released a draft order that would rewrite the agency’s “revoke all” rule – an action that ABA has long advocated. The FCC will vote on the draft order at its Sept. 30 open meeting.
Fannie Mae and Freddie Mac will now allow all lenders the option to use VantageScore 4.0 to assess the creditworthiness of single-family mortgages.
The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and prudential requirements for stablecoin issuers under its jurisdiction, although likely not until after the OCC issues its own...
