Home equity props up retirees as savings fall short
More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 pai
Fed vice chair pushes Basel regulatory shift to spur bank mortgage lending
Michelle Bowman, the Federal Reserve‘s vice chair for supervision, used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach. Addressing the American Bankers Association (ABA)’s 2
PropLogix launches FinCEN reporting service for title agents
PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases
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