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Rising labor and material costs could weigh on final expenses, despite a slower summer for hurricane and tornado claims, according to Verisk.

The partnership also includes a $50 million equity investment in Finance of America, securing long-term alignment between the companies.

Confidence among US homebuilders edged up in December as builders continued to deploy sales incentives to motivate buyers.

Fannie Mae and Freddie Mac have added billions of dollars of mortgage-backed securities and home loans to their balance sheets in recent months, fueling speculation that they're trying to push down lending rates and boost their profitability ahead of a potential public offering.

After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.

For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.

Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.

The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.

The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.

Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.