Lenders that sell new single-family homes guaranteed by the Farmers Home Adminis tration will have to know a little more about insulation starting Oct. 22. The FmHA issued a final rule (See Aug. 25 Federal Register) that implements thermal standards for construction of single-family housing. The rule, which adopts thermal requirements from the 1992 edition of th e Council of American Builders Model Energy Code, applies to all mortgages insured, guarantee d or made by the Department of Agriculture under Title V of the Housing Act of 1949. Previous ly, all FmHA loans were required to comply with thermal requirements outlined in Exhibit D of FmHA Instruction 1924-A.
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The top five banks and thrifts had combined assets of more than $13 trillion as of December 31, 2023.
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The JPMorgan Chase CEO took aim Tuesday at the proposed Basel III endgame rules, hindrances to mergers and bureaucratic burdens. "I would love to have a more productive relationship with regulators, but I think it takes conversation," Dimon said.
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Many legal experts think the Supreme Court will rule in favor of the Consumer Financial Protection Bureau in a case challenging its funding. Such a ruling would unleash a flurry of litigation that has been on hold pending the outcome of the constitutional challenge.
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Lawmakers including one of the original sponsors of the Corporate Transparency Act have filed an amicus brief in the appeal against an Alabama court ruling that the law is unconstitutional, which would throw into question Treasury's newly-established beneficial ownership structure.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
April 23 -
The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
April 23