McLEAN, Va. - (12/17/04) -- Fixed-rate mortgages fell slightlythis week, for the second week in a row, according to Freddie Mac.The average for the benchmark 30-year, fixed-rate loan slipped to5.68% this week, from 5.71% last week; while the average for the15-year, fixed-rate mortgage dipped to 5.11%, from 5.14%. Theaverage for the one-year ARM, the benchmark for adjustable-rateloans, tipped slightly upwards to 4.18%, from 4.15% lastweek.
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The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
May 3 -
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
May 3 -
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3