The House on Wednesday passed legislation that creates federal minimum standards to allow notaries in all states to perform remote online notarization transactions. The Mortgage Bankers Association applauded the news.
The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
House prices rose nationwide in May, but at a slower pace than in April, two home price indices reported on Tuesday.