USDA to Cut Lender Fees for Single-Family Mortgage Guarantees
The U.S. Department of Agriculture’s Rural Housing Service will cut fees for lenders who use its Single-Family Housing Loan Guarantee Program, according to news reports.
The U.S. Department of Agriculture’s Rural Housing Service will cut fees for lenders who use its Single-Family Housing Loan Guarantee Program, according to news reports.
As the U.S. economy continues to expand, Federal Reserve Chairman Janet Yellen today said that she anticipates gradual increases in the federal funds rate over the next few years.
As banks continue to grapple with the effects of the Department of Labor’s fiduciary rule on the marketing and sales of deposit IRAs, ABA is making available to its members a briefing paper by the law firm of Morgan, Lewis & Bockius, LLP.
Consumer Sentiment slipped 0.2 points in August to 89.8, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index fell 2 points to 107.0, while the Index of Consumer Expectations rose 1.1 point to 78.7. “Less favorable personal financial prospects were largely offset by a slight improvement in the outlook for
Real GDP for the second quarter of 2016 grew at an annual rate of 1.1%, according to the Bureau of Economic Analysis’s revised estimate, down slightly from the advance estimate of 1.2%. The general picture of economic growth remained the same, as revisions to GDP components were small. The change in GDP reflected downward revisions
The Consumer Financial Protection Bureau on Wednesday proposed amendments to the procedures used by the public to obtain information under the Freedom of Information Act, the Privacy Act of 1974 and in legal proceedings.
With recent changes to the Military Lending Act rules set to take effect in October, the Department of Defense is issuing an interpretive rule clarifying several elements of the changes.
The Financial Crimes Enforcement Network today issued a proposed rule imposing — for the first time — anti-money laundering program and Customer Identification Program requirements for banks without a federal functional regulator.
Mortgage borrowers with high loan-to-value ratios will soon have a new refinance option through Fannie Mae and Freddie Mac, the Federal Housing Finance Agency announced today.