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Mortgage lenders increased their offerings of adjustable-rate and cash-out refinance loans in December as rates rose, the Mortgage Bankers Association said.

The Federal Housing Administration has released its first non-draft update of guidance on which defects it's most concerned about and what to do about them.

Robin L. Spaulding, CPCU, AIC is a seasoned insurance executive with a deep domain background in property and casualty insurance. As Chief Insurance Officer for CLARA Analytics, she advises clients on operational best practices to fully leverage AI opportunities as they transform their claims operations. Over the course of her career, she has done what she describes as "almost every claims job from claim rep trainee to VP." Robin worked at multiple carriers and TPAs along with a managed care company before becoming Divisional Vice President of Claims at Great American Insurance Company. After devoting many years as a multiline claims professional, she then served as an insurance consultant. Most recently, Ms. Spaulding was the Global Head of Claims for Capgemini's insurance practice in the financial services division. She holds a Bachelor of Science in business administration with a major in marketing from Drake University.

The 30-year fixed rate mortgage continues to close on the 7% mark. With political uncertainty and the U.S. economy remaining strong, it could keep going up.

A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.

While most of the Biden administration's prudential banking regulations can't be overturned under the Congressional Review Act, late-breaking rules by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency's M&A rules could be overturned.

While the actual registration process has been going smoothly, there's some confusion among nonbanks over the timing and what needs to be included.

Metros with more jobs for every new home permitted ranked highly on the list, while average home prices were a smaller factor.

David A. Cass is an adjunct professor at the
Harvard School of Continuing Education.

Daniel B. Garrie is the founder and managing partner of Law & Forensics LLC.