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Breaking Advocacy Update: Federal Banking Agencies Issue Final Rule on the Community Reinvestment Act
Yesterday, the Federal Reserve Board, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. released a final rulemaking to reform and align each agency's Community Reinvestment Act (CRA) framework that depository banks must comply with.
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MBA Weekly Survey Oct. 25: Applications Decrease Again
Mortgage applications decreased 1.0 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 20, 2023.
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MISMO Releases Four New Closing Dataset Specifications
MISMO®, the real estate finance industry's standards organization, today announced that the industry standard dataset mapping for several pre-closing and closing datasets , including Fee Sheet, ALTA CPL, ALTA Title Commitment, and Endorsements, have achieved “Candidate Recommendation” status, which means they have been thoroughly reviewed by a wide range of organizations and industry participants and are available for use across the industry.