Fannie Mae has two new multifamily housing initiatives.
The government-sponsored enterprise this week said it has streamlined
Appraisers of co-op units will now have the option to base their
The quicker process has been tested by BNY Mortgage Co. and its
The Bronx program will provide $25 million for the acquisition,
Owners or potential owners of such properties will be able to get 30-
Republic National Bank and a Chase Manhattan subsidiary will originate
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
Tests of models from OpenAI, Google and others found their advice tends to disadvantage names commonly associated with racial minorities and women.
Federal Reserve Governor Michelle Bowman said she believes there is a feasible path forward for the revised capital reform proposal, emphasizing the importance of making broad changes informed by industry feedback to achieve broad consensus among Federal Reserve board members.
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
The Office of the Attorney General in New York says the bank violated the state's Exempt Income Protection Act, illegally transferring customers' money to debt collectors.
