June Sees Biggest Decrease in Home Sales Since February 07/21/2022 07:19 pm ARLINGTON, Va.—Existing home sales fell at an accelerated rate of 5.4% in June to a seasonally-adjusted annualized rate of 5.12 million units, a 14.2% decrease in sales compared to last year.
Recession Will Begin Earlier Than Expected, Says Fannie Mae Forecast 07/21/2022 07:14 pm WASHINGTON—Amid record inflation and higher interest rates, expectations for full-year 2022 and 2023 real GDP growth were downgraded in July due to softening consumer spending and a downward revision to business inventory investment data, according to the July 2022 commentary published by the Fannie Mae Economic and Strategic Research (ESR) Group.
3 Credit Unions Make Combined $20 Million Investment in CUSO 07/21/2022 07:14 pm TROY, Mich.–Three credit unions have made a total investment of $20 million in Maholo Banking, a CUSO that provides online and mobile banking solutions for credit unions.
Potential for FHFA to Purchase More Nonconforming Loans from CDFIs is Addressed by Director 07/21/2022 07:14 pm WASHINGTON—FHFA Director Sandra Thompson has offered some direction around the agency’s posture regarding pilot programs and the purchase of more noncomforming loans from CDFIs.
FHFA Establishes New Office of Financial Technology 07/21/2022 07:14 pm WASHINGTON—The Federal Housing Finance Agency (FHFA) has established the Office of Financial Technology.
Remote & Electronic Notarization Act Passes House Committee 07/21/2022 07:14 pm WASHINGTON—The House Energy and Commerce Committee has passed the Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2021 (H.R. 3962).
