McLEAN, Va. – Rates on 30-year mortgages rose for a second straight week–a sharp rebound after hitting a four-month low–while ARM rates moved lower. Average rates for 30-year, fixed-rate loans rose this week to 6.42%, from 6.34% last week; while the average for 15-year, fixed-rate mortgages climbed to 6.09%, from 5.98%. The average for the five-year ARM fell to 6.15%, from 6.21% last week; while the average for the one-year ARM dipped to 5.60%, from 5.65%.
The $736 million Orange County bank had faced a smattering of enforcement actions over the years, including for concentration risks, governance issues and questionable insider transactions.
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
The National Association of Insurance Commissioners responded to a query from Sen. Elizabeth Warren about risks to policyholders stemming from private-equity ownership of life insurers.
The platform had a lawsuit filed against it by New York officials this week as the latest in a series of cases against prediction markets on the state level.
The Canadian bank's U.S. operations experienced challenges following a large acquisition on the West Coast. But the bank is now making good progress, according to a top BMO executive.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
