Mortgage rates now at highest point since September
The 30-year fixed mortgage has increased by 40 basis points since February, while the 15-year is 14 basis points lower than a year ago, Freddie Mac reported.
AEI panel: GSEs have never paid for their guarantee
New questions about Fannie Mae and Freddie Mac’s guarantee by experts who saw conservatorship start points to tensions in a stalled secondary offering.
Condo lenders push back on Fannie, Freddie rule changes
Some lenders and condo market stakeholders are raising concerns that new GSE rules ending limited reviews and tightening reserve requirements could raise costs.
Remarks by FDIC Director of Risk Management Supervision Ryan Billingsley, “Innovation at the Speed of Markets: How Regulators Keep Pace with Technology”
TESTIMONY | MARCH 26, 2026 Remarks by FDIC Director of Risk Management Supervision Ryan Billingsley, “Innovation at the Speed of Markets: How Regulators Keep Pace with Technology” The following statement was delivered before the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence of the U.S. House Committee on Financial Services. Introduction Chairman Steil, Ranking […]
Bank of America gives Merrill Lynch an AI makeover
The bank is pushing wealth managers to use artificial intelligence embedded in Salesforce and Zoom to plan, summarize and follow up on client meetings.
Activist investor prepares for round two with Maryland bank
Diligence Capital Management’s proposals and board nominations for the beleaguered Eagle Bancorp won’t be put before shareholders. But the activist investor isn’t giving up the fight.
There are lots of stablecoin risks that we haven’t been talking about
The systemic risks posed by stablecoins on public blockchains go further than deposit flight and market dislocation — there’s also technology risk. But Noelle Acheson argues that these should be incorporated into guardrails rather than used to stop progress.
Mortgage order adds more rules to diminished CFPB’s load
A recent executive order encouraging changes to the Consumer Financial Protection Bureau’s Ability-To-Repay and Qualified Mortgage rules are adding to a packed agenda at a time when the agency has lost a third of its staff.
BMO, UK’s Monument Bank join the tokenized deposit train
Bank of Montreal has introduced a tokenized cash and deposit platform, while the London-based Monument is partnering with the Midnight Foundation’s distributed ledger. Also, Starling Bank’s AI play, stablecoins gain ground in APAC and Africa and more in the American Banker global payments and fintech roundup.
Zions’ latest deal will boost its multifamily business
The Salt Lake City-based regional bank plans to grow its multifamily lending business by acquiring the agency lending business of a commercial real estate investment group. If the deal is approved, Zions would join a short list of banks that can underwrite and close multifamily loans on behalf of Fannie Mae and Freddie Mac.