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Key insight: The Federal Reserve Board and Federal Reserve Vice Chair for Supervision Michelle Bowman are being sued over the agency’s handling of the notice-and-comment rulemaking process for its latest Basel III capital proposal.  Expert quote:  “The APA’s fundamental purposes, including ensuring that the public has a meaningful opportunity to participate in the rulemaking process […]

The immediate impact of Wednesday’s turmoil in the Treasury markets was felt by many in the mortgage business, including brokers, whose wholesalers sent out new rate sheets during the day. Lenders, instead of quoting a static rate, should structure client pre-approvals around multiple interest rate scenarios to keep prospective buyers active even as purchasing power