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.
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.
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.