The housing market continues to balance out, as home prices grew modestly, inventory increased and home sales exceeded expectations in May, a new industry report found. Processing Content The national median home sale price hit $395,000 last month, a 1.8% rise from May 2025, according to Homes.com’s latest monthly housing market report. Active listings also […]
Housing market shows resilience as sales beat forecasts Read More »
Mortgage activity decreased last week, as rates held steady in the mid 6% range, the Mortgage Bankers Association found. Processing Content The MBA’s Market Composite Index, a measure of mortgage loan application volume, decreased 3.8% on a seasonally-adjusted basis from one week prior for the week ending June 12, 2026. The Index fell 5% on
Mortgage applications dip down as rates hold steady Read More »
Key insight: The guidance makes explicit that fraud qualifies for the 314(b) safe harbor, and that a bank need not first identify laundered fraud proceeds to be covered. Expert quote: Daniel Stipano, a former longtime OCC official now at Davis Polk, cautioned that the statute’s safe harbor covers money laundering, not fraud, and that “the
Banks can share fraud data in real time, Fincen says Read More »