Frost Bank previously announced in 2023 that it was reentering the mortgage business after a multiyear buildup that included system development and pilot programs. Now, reporting from Dallas news outlet WFAA says that the Texas-based bank is coming back swinging with a new program for borrowers who have been priced out of the housing market. […]
Frost Bank is betting on 0% down mortgages in Texas Read More »
Key insight: The proposal simplifies operational risk capital for the largest banks. Forward look: Critics warn lower capital could raise systemic risk as in prior crises. Key quote: “The proposal really misses the mark in terms of what its original intent was.” —Phillip Basil, director at Better Markets Regulators’ revised Basel operational risk capital framework
Banks get operational risk relief in Basel proposal Read More »
On any given Thursday, there’s a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that’s fine, but it’s critical to understand the methodology. Whether it’s MBA (reported yesterday) or
Mortgage Rates Are Actually Lower This Week Read More »