Federal banking regulators are expected to issue a risk-based capital proposal in the next few weeks that updates the current Basel I capital standard so it is more risk sensitive, particularly for mortgage assets."A revised Basel Ia could include more baskets and a breakdown of particular assets into multiple baskets to take into consideration collateral values, loan-to-value ratios, and credit scores," said Kathleen Marinangel of the America's Community Bankers. Testifying before the House Financial Services panel, Ms. Marinangel also noted that mortgage insurance and guarantees could be incorporated into the updated RBC standard known as Basel Ia. The regulators also are planning to issue a more sophisticated RBC Basel II standard for the largest U.S. banks at the same time they issue the Basel Ia proposal for other U.S. banks. Comptroller of the Currency John Dugan said recently that comment periods for the Basel II and Basel Ia proposals should be overlapping. "Industry participants must be able to compare the two proposals in order to assess competitive effects as they make their comments, because these are concerns that we must take into account before issuing either final rule," Mr. Dugan told the American Bankers Association annual convention.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
July 3 -
The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
July 3 -
The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3