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.
The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book.
Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.
The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.
A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business.
Until August, Bell was the executive director for loan guaranty service at the Department of Veterans Affairs, where he was credited with growing the program.
The 30-year rate dropped just 0.2 percentage points, as Federal Reserve Chair Jerome Powell's recent comments caused Treasury yields to rise.
