A recent item on a study by First American Real Estate Solutions should have indicated that the projected $110 billion in losses stemming from mortgage payment resets over several years referred to foreclosure losses, and that this would likely represent less than 1% of total U.S. mortgage lending over the same period (not less than 1% of annual U.S. mortgage lending, as incorrectly reported).
The Federal Open Market Committee held the federal funds rate at current levels, citing "lack of further progress" toward meeting inflation goals.
Both quasi-public mortgage investors have new requirements for when borrowers question valuations. Freddie Mac is expanding use of title insurance alternatives.
A new policy directive aims to fortify critical infrastructure by enhancing collaboration between U.S. intelligence agencies and systemically important financial entities.
Mark Warren and Thom Tillis have introduced the Secure Artificial Intelligence Act of 2024 to address the unique risks of AI.
The April 26 update came two days after the group received preliminary approval for the Sitzer/Burnett agreement.
Top Federal Home Loan bank officials said they fear the Federal Housing Finance Agency will use supervision to further the goals of last year's report recommending reforms to the Home Loan Bank System.
