"It is likely to cause significant adverse consequences to banks and consumers, including causing the tightening of credit standards," the ABA said of the CFPB's proposal.

Home prices increased by 0.2% on a monthly basis in July, according to Redfin.

Lenders pinned the underwhelming growth on elevated interest rates and a limited inventory of homes for sale.

HELOCs can fall under the definition of a "credit card plan"  included in the Truth in Lending Act's offset provision, according to the appeals court.

The seriously delinquent rate fell to 1.01% at the end of June.

The assets in the SPV include some type of service contracts, intellectual property, software and hardware.

Housing starts in the south were impacted by Hurricane Beryl though activity also declined modestly in some other regions in July.

Correspondent and broker loans were more heavily weighted toward purchase mortgages in the second quarter compared with the retail channel.

Annaly Capital Management is set to issue its 12th expanded-credit MBS of the year.

Total complaints from users of financial services increased 25.9% on a quarterly basis to a record high of 604,174 in the second quarter of 2024.