NAFCU Senior Regulatory Affairs Counsel Aminah Moore wrote to the CFPB in response to its request for information (RFI) regarding mortgage refinances and forbearances to recommend updates to Regulation Z’s ability-to-repay (ATR)/qualified mortgage (QM) rule.
The Federal Open Market Committee (FOMC) recently released its November meeting minutes. In the meeting, “a substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate.”
New home sales increased 7.5 percent in October to 632,000 annualized units, while sales in September were revised down 15,000 units. Compared to last year, October sales were down 5.8 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the data in the latest Macro Data Flash report.
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