consumers still carried debt from the 2023 holiday season. With inflation proving more sticky than policymakers had hoped and uncertainty around how the new administration’s policies might affect it, it may take longer for people to see lower interest rates on their mortgages, car loans and ...
This would limit banks’ capacity to offer things like mortgages, car loans, credit cards and small-business loans. For many, the dream of owning a home will become more elusive, as the proposal drastically increases the capital charge for home mortgages with lower down payments, putting ...
including the OCC, FRB, FDIC, NCUA, and FHA designed the rule to help ensure credibility and integrity of models used in valuations for certain housing mortgages. The rule requires adoption of compliance management systems to ensure a high level of confidence in estimates, protect...
U.S. District Court Judge Sherman G. Finesilver, who announced the agreement in principle on Wednesday, said it is expected to become final June 12. Bert Ely, a thrift and banking consultant in Alexandria, Va., argued that the $49.5-million settlement amount is misleading because the money ...