Bank of America reported a sharp decline in third-quarter profit Wednesday after recording a $1.2 billion charge tied to U.S. anti-money-laundering enforcement, even as its loan balances and net interest income increased. The Charlotte-based bank earned $6.93 billion...
U.S. inflation accelerated in September, delivering another blow to prospective homebuyers already facing mortgage rates above 7% and raising the stakes for lenders, builders and the Federal Reserve. The consumer price index rose 0.6% from August and 3.7% from a year...
More than 475 housing, lending and community-development organizations are urging federal banking regulators to preserve incentives for affordable-housing investment as the comment period closes on proposed changes to the Community Reinvestment Act. The National...
Boston Federal Reserve President Susan Collins said Tuesday she expects another interest-rate increase before the end of 2026, citing inflation risks that she believes outweigh the danger of a weakening economy. Her remarks put a fresh public endorsement behind...
The American Land Title Association has released Version 5.0 of its Best Practices Framework, strengthening its guidance on vendor oversight, cybersecurity, information security and regulatory compliance for title and settlement businesses. The association published...