McLEAN, Va. - (11/25/04) -- Long-term mortgage rates werevirtually unchanged this week, the short holiday week, according toFreddie Mac. The average for the benchmark 30-year, fixed-rate loanslipped slightly to 5.72%, from 5.74% last week, while the averagefor the 15-year, fixed-rate mortgage remained unchanged at 5.15%.The average for the one-year ARM rose to 4.27%, from 4.17% lastweek.
Alessandro DiNello, who served as Flagstar's executive chairman in 2024, said he's leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.
The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
The federal court rejected Flagstar's attempts for both a panel rehearing and an en banc hearing to overturn California's interest on mortgage escrow rule.
