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For at least the fifth consecutive quarter, the Providence, Rhode Island, company increased its allowance for credit losses on general office loans, which continue to be a problem area for banks.

Acting Comptroller of the Currency Michael Hsu said the OCC will review its 2020 interpretation of preemption under the Dodd-Frank Act and explore more direct engagement, tailored federal regulation and supervision of nonbank fintechs.

The proposal would add reforms aimed at broadly prioritizing owner-occupant access and end the "test" or "demonstration" mode these sales have been in since 2002.

The number of properties sold over the past year was the fewest since 2009, the National Association of Realtors said.

The system update planned for July 20 will allow users to have one login to access all their NMLS accounts, among other modernization initiatives.

The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.

It has become the 29th state to bar NTRAP contracts, with Illinois' legislation on it pending the governor's signature, according to American Land Title Association data.

Total housing starts increased 3% to a 1.35 million annualized rate last month, driven by a 19.6% surge in multifamily construction, according to government data released Wednesday.

Refinance transactions shot up over 15% to their highest volume in almost two years, the Mortgage Bankers Association said.

Some commenters on the Federal Housing Finance Agency's request for input about the Federal Home Loan Bank system mission demand more focus on affordable housing while others firmly advocated against member incentive programs.