Federal Reserve Vice Chair for Supervision Michelle Bowman.Bloomberg News Newly minted Federal Reserve Vice Chair for Supervision Michelle Bowman is aiming to do something that escaped both her predecessors: finalize the U.S. implementation of the so-called Basel III framework. In her first speech since being confirmed to the central bank’s top regulatory role, Bowman outlined […]
Is third time the charm for Basel III endgame? Read More »
Mortgage applications picked up last week, according to the most recent numbers put out by the Mortgage Bankers Association, offering optimism for a real estate market that has been facing a prolonged period of economic uncertainty. The Mortgage Bankers Association’s weekly Mortgage Composite Index showed applications up a seasonally adjusted 12.5% from the week before,
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Mortgage scam reports have soared in recent years, opposite of the housing market’s slowdown. The industry as of April was reporting 71 mortgage scams per month, up from just 14 per month in 2022 at the tail-end of the refinance boom, according to BackOffice Pro, a business services organization. While real estate companies disclosed losses
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