ABA DataBank: U. S. -Japan intervention supports the yen | ABA Banking Journal
ABA DataBank: Employment cools in JulyDespite the unemployment rate remaining relatively low, a moderation in labor market conditions could lead to a broader cooling in consumer credit performance. FHA seeks. . .
ABA DataBank: Employment cools in JulyDespite the unemployment rate remaining relatively low, a moderation in labor market conditions could lead to a broader cooling in consumer credit performance. FHA seeks feedback on partial claim repayment demonstrationThe Federal Housing Administration has released a draft mortgagee letter proposing a Reinstatement Advance Payment Demonstration that would provide a voluntary alternative method for securing partial claim and payment supplement debt. The proposal would eliminate the need for. . . Senate Ag Committee reaches an impasse on Farm BillThe Senate Agriculture Committee failed to advance the Farm Bill after committee Democrats objected that the legislation did not contain a two-year delay of changes to the Supplemental Nutrition Assistance Program. Mortgage rates mixedThe rate for a 30-year fixed-rate mortgage was 6. 69% this week. The rate for a 15-year fixed-rate mortgage was 6. 01%. ABA seeks extension of Terrorism Risk Insurance ProgramABA urged lawmakers to support two bills to extend the Terrorism Risk Insurance Program by another seven years, saying that it offers commercial real estate markets and lenders certainty on their investments. ABA names Davis chief member engagement officerIn his new role, Russell Davis will lead ABA’s Office of Member Engagement, aligning the association’s membership and member experience strategies to ensure ABA continues delivering exceptional value to banks of all sizes.