A lot of market conditions have improved notably for home loans and there may be more where that came from, depending on rates and location, ICE Mortgage Technology’s latest monthly analysis shows. Home affordability is at a two-year-plus high and rate drops have exposed millions to refinance incentives, with the share of median income needed […]
New data shows where refinance incentives are growing Read More »
Key insight: The Office of the Comptroller of the Currency is paring down nearly all community bank regulatory measures not required by law, leaving it up to examiners to determine applicable requirements. Expert quote: “Community banks have an outsized impact on lending and are vital to the strength of the U.S. economy. Today’s actions relieve
OCC to dramatically reduce community bank regulation Read More »
A yearslong legal battle between credit union regulators and U.S. Bank over mortgage securities dating back to the financial crisis is nearing a settlement, according to new court filings. Both NCUA and U.S. Bank said they were unable to comment on the settlement. A letter dated Oct. 2 from both sides to Judge Louis
U.S. Bank, NCUA reach deal in Great Financial Crisis case Read More »