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The danger for the central bankers is that "they go too fast or too slow and that risk is higher now than it was six months ago," BofA Chief Executive Brian Moynihan said.

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.

U.S. mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.

The correspondent giant says it has over 4,400 approved brokers, and technology rivaling channel leaders Rocket Pro TPO and United Wholesale Mortgage.

A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.

A pair of mortgage technology providers are bringing out tools to increase customer retention rates among servicers and originators.

At the Most Powerful Women in Banking conference this week, New York's top banking regulator said banks need to take full responsibility for the artificial intelligence models they use, even if they bought them from a third party.

The economy and the environment are impacting loan entries into forbearance, as well as their performance on exit, the Mortgage Bankers Association said.

JPMorgan Chase and bank trade groups criticized the Consumer Financial Protection Bureau's open banking rule for not providing enough data security.

Wall Street are paring back bets on aggressive policy easing as the U.S. economy remains robust and Fed officials have sounded a cautious tone over the pace of future rate decreases.