Commercial banking

The 30-year fixed rate mortgage was down another 9 basis points this week, Freddie Mac said, but much of this pricing was before the Federal Reserve meeting.

Michelle Westfort, Chief Product Officer at InStride, is a globally recognized leader in post secondary education with over 20 years of experience. An integral member of InStride since its inception in 2019, she brings a bold sense of innovation to drive successful programs and partnerships derived from a humble immigrant family upbringing. Her career has centered around unlocking access to education from high school launch programs to adult career pathways and from digital transformations to workforce skilling. Her work has spanned marketing, business development, program design, and strategy at mission-centric organizations such as The Learning House (acquired by Wiley NYSE: WLY), Pivot, Navias (ASX:NVT) and Education Management Corporation.

Whereas AI can supercharge returns on investment in fulfillment and databases, the tech may also replace your entire staff, experts warned.

Kathy Pattillo is a managing partner at executive search and leadership consulting firm Boyden, where she also serves as global practice leader of its financial officers practice. She has over 20 years of experience in executing searches for and consulting with finance-focused C-suite leaders, including CFOs, CAOs, CIOs and functional leaders in finance.

The company will now consider loans up to $819,000 as government-sponsored enterprise-eligible, even though it cannot sell them to the agencies until Jan. 1.

Acting CFPB Director Russ Vought has managed to neuter the Consumer Financial Protection Bureau through a series of actions. Senate Banking Committee Chairman Tim Scott, R-S.C., played a major role by cutting funding in half.

Nicky Brown is vice president of public policy and government affairs at HealthEquity. Her 20+ year career has focused predominantly on the benefits space in implementation, compliance, and advocacy.

Federal Reserve Chair Jerome Powell said there was a "high degree of unity" among committee members during this week's Federal Open Market Committee vote. Out of 12 FOMC members, 11 voted for a 25 basis point cut.

The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.

The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.

Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.

Larry Mohr, CPA, MBT, is a tax principal with Baker Tilly's not-for-profit practice. He has 35 years of experience providing tax-related services for not-for-profit organizations.

The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.

Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.

The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.

The Federal Reserve is widely expected to lower interest rates, but questions about how big of a cut and the trajectory for future cuts remain uncertain — and the White House's power struggle with the central bank is a complicating factor.