Podcast: The community bank M&A outlook for 2023

Kevin Warsh was sworn in as chairman of the Federal Reserve during a ceremony at the White House.

The University of Michigan Consumer Sentiment Index decreased 10% in May compared to the month prior, landing at 48.8, according to final results for the month. Sentiment was down 14.2% year over year.

The rate for a 30-year fixed-rate mortgage was 6.51% this week. The rate for a 15-year fixed-rate mortgage was 5.85%.

As part of a cross-sector push to improve consumer financial health, financial institutions will need to prioritize creating products and services that help vulnerable customers and commit to measurement and sharing best practices, Federal Reserve Governor Michael Barr...

If builders continue to scale back single-family production, construction activity and the mortgage pipeline are likely to soften. In contrast, modest annual growth in multifamily development is expected to provide some support for construction loan demand among banks.

The House voted to pass a bipartisan bill to bolster housing supply after the White House signaled its support for the measure. Lawmakers also passed three bills seeking to boost de novo bank formation and amend the brokered...