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Powell: 'Broad and material changes' coming to Basel III proposal -
House Republicans call on bank regulators to withdraw Basel proposal -
Federal Home Loan banks' profits skyrocket from 2023 liquidity crisis -
HUD rolls out $225M manufactured housing initiative -
FHFA elevates two leaders to deputy director roles
Larger banks are responsible for a special assessment to cover the costs of the failures of Silicon Valley Bank and Signature Bank. The price tag has ballooned by $4.1 billion, and trade groups are criticizing the FDIC's process, arguing that it lacks transparency.
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But still-elevated interest rates contributed to a "deteriorating outlook" for independent mortgage banks this year, Fitch Ratings said.
March 13
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The Congressional Budget Office put an estimate on the net government subsidy provided to the Federal Home Loan Bank System, including the so-called "implied guarantee," on bonds priced and sold to investors.
March 13 -
The nearly 50% homeownership rate in 2023 marked the most significant increase since the Great Recession, according to NAHREP.
March 13 -
A greater number of refinances, particularly in the government market, led overall volumes higher, the Mortgage Bankers Association said.
March 13 -
In an address on Tuesday, economic advisor Lael Brainard also discussed the controversy surrounding the president's proposed title waiver program.
March 12
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Regardless of the effect housing prices have on ballot decisions, almost two-thirds of respondents indicate that current economic trends left them feeling negative about the economy, Redfin said.
March 11 -
The head of the U.S. Department of Housing and Urban Development under the Biden Administration said she will transition from public life starting March 22.
March 11 -
Loan officers and branch managers have started transitioning to competitors such as Union Home Mortgage, CrossCountry Mortgage and The Money Store.
March 11 -
The commercial real estate market is already contending with a historic downturn, but some investors now worry that servicers will make surprise decisions that end up significantly hurting their returns in deals.
March 11 -
Also, Freddie Mac boosts single-family seller engagement team, Carrington names new CEO and Corelogic ads executive in real estate solutions.
March 11
