Final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions were issued by all five federal financial institution regulators Thursday, the agencies announced in a joint release. According to the release, the guidance […]
A final rule designed to ensure credibility and integrity of automated valuation models (AVMs) in mortgages secured by a consumer’s principal dwelling through quality control standards was issued Wednesday by the federal financial regulators and […]
Economic activity in seven Federal Reserve districts reported some level of increase while another five noted “flat or declining” activity – three more than in the prior reporting period, the Fed said in its July […]
Resources on effective practices for secure cloud adoption were published Wednesday by the Treasury Department in conjunction with an financial institution industry group, the agency said. According to Treasury, the resources, a group of documents, […]
Timeshare fraud targeting U.S. owners in Mexico and orchestrated by transnational criminal organizations (TCOs) based in that country has caught the eye of the Treasury’s financial crimes unit and other law enforcement agencies, they said […]
Some regulatory easing was announced Tuesday to help banks facilitate recovery in areas of Texas affected by Hurricane Beryl earlier this month. As it does in such situations, the Federal Deposit Insurance Corp. (FDIC) said […]
A proposed rule to limit incentive-based compensation arrangements – first proposed in 2011, modified in 2016 and now coming forward again – will be considered by the federal credit union regulator’s board when it meets […]
An updated, 111-page list of nonmetropolitan middle-income geographies where revitalization or stabilization activities of banks are eligible to receive Community Reinvestment Act (CRA) consideration was released Friday by federal banking agencies. Revitalization or stabilization activities […]
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Federally insured banks generally have until July 30 to file their second-quarter consolidated reports of condition and income, or call reports, the federal bank deposit insurer said in a letter released Thursday. The Federal Deposit […]
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