The Independent Community Bankers of America has announced the formation of a national alliance with Habitat for Humanity International to enable community bankers to help more low-income families attain "affordable, dignified" housing.The two organizations signed a formal agreement creating the alliance during the ICBA's annual Joint Committee Meetings in Washington, D.C. "Many of our members already work with Habitat for Humanity in their local communities," said Camden R. Fine, the ICBA's president and chief executive officer. The alliance "merely strengthens the common goal" to help provide affordable housing to every possible family, he said. The organizations can be found online at http://www.icba.org and http://www.habitat.org.
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The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
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But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
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Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27