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The two bills would require banking agencies to study artificial intelligence and its application in the banking sector, and would codify findings from an earlier AI working group formed by the committee.

As 2025 approaches, some lenders are already scaling operations, hiring talent, and preparing for the next cycle, despite ongoing market uncertainty, write leaders from Pennymac.

Yields on the U.S. five-year note added as much as six basis points to 4.10% after tumbling a quarter-percentage-point last week. 

Artificial intelligence makes it easy to customize messages and look at loan options but it can present problems if guidelines are overlooked.

Wall Street has cheered President-elect Trump's selection of Scott Bessent to lead the Treasury because of his moderating influence and expertise, but his profile as an establishment figure in an anti-establishment administration could undermine his authority.

The economist, who runs Roubini Macro Associates, is positioning for a curve steepener, a popular Treasuries trade where the gap between long- and short-dated yields widens.

The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress' cooperation.

"Delete CFPB. There are too many duplicative regulatory agencies," Musk wrote in a post on X. 

The latest plans include details on promoting housing development in underserved areas and increasing secondary market access to rural institutions.

For the second time in the past three weeks, the 30-year fixed mortgage moved lower, but investors want clarity about U.S. economic policy, Freddie Mac said.