The rate for a 30-year fixed-rate mortgage was 7.28% this week, up from 7.03% last week, according to Freddie Mac. A year ago, the rate was 6.34%. The rate for a 15-year fixed-rate mortgage was 6.6%, up from 6.42% last week. A year ago, the rate was 5.55%.
Q2 trading revenue was $5.3 billion, or 32.5%, more than in the previous quarter and $5.1 billion, or 30.6%, more than a year earlier.
With artificial intelligence supercharging scams, ABA is relaunching its largest consumer-facing campaigns to educate the public on how to protect themselves and the role banks play in fighting fraud, ABA President and CEO Rob Nichols announced during an...
OFAC imposed sanctions on 10 targets with alleged ties to the Tren de Aragua transnational criminal organization for its role in organizing a series of ATM jackpotting thefts across the U.S., orchestrated in part by one of the...
The FCC voted to revise the “revoke all” rule and “provided number” condition, both of which have made it more difficult for banks to communicate by phone and text message with their customers. ABA has long called for...
Freddie Mac and Fannie Mae announced that they are providing a temporary policy exception for lenders that cannot meet the Uniform Appraisal Dataset, or UAD, 3.6 mandatory implementation deadline of Nov. 2. The announcement was made in coordination...
The Treasury Department published an interim final rule establishing the forms and procedures used by a federal committee that reviews state stablecoin regulatory regimes.
