WASHINGTON—The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment, Fannie Mae reported.
Fresh Today
WASHINGTON—The CFPB’s mortgage servicing rules proposal would eliminate existing processes and system mortgage processors have used for years, inviting regulatory uncertainty and protections for bad actors, according to America’s Credit Unions.
MIAMI–After 11 interest rate increases since early 2022, the Federal Reserve is widely expected to announce a rate cut when it meets next week—but not all Americans agree that’s a good thing.
WASHINGTON–The actual amount merchants spend on “swipe fees” paid to big banks and card networks to process credit and debit card transactions is actually a third-larger than been previously estimated, according to a new report released by the Merchants Payments Coalition.
NAPERVILLE, Ill.–The annual #ILoveMyCreditUnion social media campaign was a “resounding success,” according to the Illinois CU League, which is reporting more than four-million people were reached.
NEW YORK—A majority of peer-to-peer payment app users have reported dealing with scammers, according to new research.
ALEXANDRIA, Va. –NCUA has announced that on Oct. 1 it will extend its annual invitation to credit unions to conduct a voluntary diversity self-assessment.
CHICAGO – United Credit Union has announced a new name and brand.
NASHVILLE—VolCorp said it will provide its members with a “fee holiday” during the fourth quarter of 2024.
BEL AIR, Md.–Freedom Credit Union is reporting a field of membership expansion to include businesses and any individuals who live, work, worship, volunteer, attend school, or have family in Baltimore City and Carroll County, Maryland.