Key Insight: Democratic Lawmakers say the 2023 CRA made important updates to a decades old framework, accounting for online banking and reducing CRA “grade inflation.” Supporting Data: The 2023 rule was backed by bipartisan members of the Federal Reserve Board, including Governor Waller and Chair Powell. Forward Look: Lawmakers are pressing regulators to defend the […]
Senate Democrats urge regulators to rethink CRA reversal Read More »
Sentiment among U.S. homebuilders remained at one of its lowest levels in years this month, underscoring the deep freeze in the housing market despite a recent drop in mortgage rates. An index of market conditions from the National Association of Home Builders and Wells Fargo was unchanged at 32 in September, similar to economists’ estimates
Homebuilder sentiment stays low despite mortgage-rate drop Read More »
Long-time industry executive Brian Vieaux will be the newest president of the Mortgage Industry Standards Maintenance Organization starting on Oct. 1. Vieaux is currently president and chief operating officer of Finlocker, where he has been with the company since July 2019. Previous roles in the lending side of the business include stints at Flagstar Bank,
Brian Vieaux to become new president at MISMO Read More »