Special Program Root Tag

Donald Trump appears likely to recapture the White House following a tight race which, as of 5 a.m. Wednesday morning, awarded him 267 of the necessary 270 electoral votes needed for victory.

American Banker is live-blogging the U.S. election, providing quick updates on races that matter for bankers on Election Day.

The next administration should look for areas in title insurance, homeowners' insurance, and appraisals to pass savings back to homebuyers which could translate into homebuying power for those on the brink of accomplishing their goals, writes Vishal Garg.

Analysts are watching both Vice President Kamala Harris and former President Donald Trump for potential regulatory picks, as well as how strongly Trump advocates for policies like tariffs and deportations that could impact the economy, inflation and bankers' prospects.

Mortgage professionals are focusing on housing policies and the Federal Reserve this November.

Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp. 

The Federal Reserve began cutting rates in September. The December meeting is its last of 2024. Will the cutting continue, or will there be a pause? Doug Peta, Chief Strategist, U.S. Investment Strategy, at BCA Research, discusses the meeting and future policy.

Former Treasury Secretary Steven Mnuchin and his investment firm Liberty Strategic Capital are seeking to more than double his indirect ownership stake of Flagstar Financial — formerly New York Community Bank — to 22.9%, according to filings obtained by American Banker.

The five most expensive ZIP codes in the U.S. have an average median home price of more than $6 million.

Mortgage bonds get hit hard when there's growing uncertainty about the direction of rates, due to the election, because their returns depend so much on it.

The Consumer Financial Protection Bureau may face an existential threat if former President Trump is reelected, while the agency could be emboldened if Vice President Harris wins.

The top five states have an average mortgage delinquency rate of 16.66% in the second quarter.

Recently polled banking professionals held that Vice President Kamala Harris is the likely front-runner for the White House, but former President Donald Trump would be better for the industry.

The top five states saw an average change in average mortgage rates of 3.15% quarter-over-quarter.

A survey shows the majority of mortgage stakeholders are not happy with the current political climate and are leaning more conservative.

The Consumer Financial Protection Bureau expanded the scope of the 1033 rule to include payment apps, provides for some secondary uses of data, and extends the timeline for compliance.

The Federal Open Market Committee is expected to cut interest rates at its September meeting, which will also provide a new Summary of Economic Projections. Marvin Loh, senior macro strategist at State Street Global Markets, examine the meeting, the SEP and Fed Chair Powell's press conference.

Recent polling an industry group analyzed points to a range of outcomes that could create opportunities and risks for commercial and residential financing.

Mortgage stakeholders spent $6.7 million on lobbying this year, down from $12 million in 2022.

Political contributions from the housing finance industry lean Republican, but more mortgage dollars have gone to Harris than Trump.