Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration. Powell, speaking before […]
Powell says Fed will revisit Basel III capital rules Read More »
In the nearly five years since they were first proposed, only 11 states have fully adopted the Conference of State Bank Supervisors’ prudential standards for nonbank mortgage servicers. Yet because of multistate examinations, these rules apply to 99% of nondepository mortgage servicers. The standards first went out for comment in October 2020, with 17 organizations
Nonbank servicing standards apply to 99% of market: CSBS Read More »
US purchases of new homes fell in May by the most in almost three years as rampant sales incentives fell short of alleviating affordability constraints. Sales of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low, according to government data released Wednesday. That was below all estimates in a
New-home sales drop by most since 2022 on poor affordability Read More »