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Related Articles
As both origination volume and interest rates increased during the second quarter, mortgage defect rates rose too, increasing by nearly 15% compared with the first quarter, Aces Quality Management said.This marks the second consecutive quarter where defect rates were higher. That, along with the fact they are inching up back...
2024-11-20
Federal Reserve Board Gov. Michelle Bowman.Zach Gibson/Bloomberg The Federal Reserve Board's leading internal voice of dissent believes a recent Supreme Court ruling could help fix regulatory rulemaking practices at the Fed and elsewhere.In a detailed speech on policymaking, Fed Gov. Michelle Bowman critiqued the agency's recent regulatory pursuits, noting that...
2024-11-20
The big NAR settlement is expected to be finalized next week, but the changes already took effect back in August.They include needing a written buyer agreement prior to touring a home and removing offers of compensation from the Multiple Listing Services (MLS).That upfront agreement is also supposed to lay out...
2024-11-20
From left, Federal Reserve vice chair for supervision Michael Barr, Federal Deposit Insurance Corp. chair Martin Gruenberg and acting director of the Office of the Comptroller of the Currency Michael HsuBloomberg News The book has all but closed on the Biden administration's bank regulatory endeavors as top agencies officials agreed...
2024-11-20