OCC removes reputational risk from bank exams, guidance
The OCC announced it will no longer examine banks for reputational risk and will remove references to such risk from...
Newsbytes
Existing home sales rose 4.2% in February
Existing home sales rose 4.2% in February to a seasonally adjusted annual rate of 4.26 million, the National Association of...
Mortgage rates show little movement
The rate for a 30-year fixed-rate mortgage was 6.67% this week. The rate for a 15-year fixed-rate mortgage was 5.83%.
Senators reaffirm support for CDFI Fund amid concerns over cuts
Twenty-three senators from both parties have signed a joint letter expressing their support for the CDFI Fund after President Trump...
OFAC finalizes rule extending time limit for keeping certain foreign transaction records
OFAC issued a final rule extending recordkeeping requirements for certain transactions from five to 10 years to make them consistent...
ABA, associations clarify concerns regarding FHFA credit score modernization initiatives
ABA and five associations said they continue to have serious concerns about the planned implementation of new credit score requirements...
OCC creates digitalization webpage for community banks
The OCC has created a new page on its website with resources to help community banks meet their digitalization objectives.
FHA rescinds reconsideration of value policies on appraisals
The FHA issued a mortgagee letter rescinding three appraisal policies concerning fair housing considerations, part of what the agency said...
Enhancements, cost reductions announced for Social Security verification system
SSA announced a plan to reduce costs and enhance its Electronic Consent Based Social Security Number Verification, which allows financial...
Fed again holds rates at current levels
The Federal Open Market Committee announced that it will hold the target range for the federal funds at 4.25%-4.5%.
