Key insight: Joe Face is retiring after 28 years as commissioner of Virginia’s Bureau of Financial Institutions, the longest tenure in the job in the state’s history. Why it matters: A commitment to strengthening the dual bank regulatory system has been a hallmark of Face’s tenure. Expert quote: Face “has been at the forefront of […]
Virginia’s top bank cop for 28 years leaves national legacy Read More »
With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it was enough for MND’s 30yr fixed rate index to tick down by 0.01%. This is the lowest level since October 28th–just
New 2-Month Lows, Just Barely Read More »
Scott Turner, U.S. secretary of Housing and Urban Development.Aaron Schwartz/Bloomberg The beleaguered 50-year mortgage is one of many housing initiatives under consideration for the new year, according to a Trump administration official, and that has industry experts reiterating some suggestions for things to look into before committing to it. Processing Content The reactions come in
HUD says 50-year still on table, industry eyes challenges Read More »