Housing starts increased in March
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 1.502 million, according to the U.S. Department...
Mortgage
ABA, associations offer recommendations for veterans homeownership program reforms
ABA joined eight other associations in urging the Department of Veterans Affairs to take steps to implement President Trump’s recent...
Growth in home prices slowed in February
Home prices increased 0.7% in February compared to the same month a year ago, down from a 0.8% rise the...
AI in mortgages: Reshaping the lending lifecycle
Experts advise bank leaders to ensure AI is deployed responsibly, governed transparently and secured carefully.
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage was 6.23% this week. The rate for a 15-year fixed-rate mortgage was 5.58%.
HUD, FHFA roll out plans for new credit scoring in mortgages
HUD will adopt FICO 10T and VantageScore 4.0 for FHA loans. Fannie Mae and Freddie Mac will begin using VantageScore 4.0 immediately and the...
CFPB finalizes rule to revise fair lending enforcement
The CFPB will issue a final rule to remove disparate impact from enforcement of the Equal Credit Opportunity Act, clarify...
ABA DataBank: Pending home sales index beats expectations
The March increase in pending home sales is reflective of increased inventory and pent up demand despite higher mortgage rates.
FHLBs propose allowing letters of credit for discount window advances
Federal Home Loan Bank members should be allowed to use short-term FHLB letters of credit to secure advances through the...
Mortgage rates dip
The rate for a 30-year fixed-rate mortgage was 6.3% this week. The rate for a 15-year fixed-rate mortgage was 5.65%.
