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Mortgage Bankers Association removes DEI pages from website
An MBA spokesperson said that the association conducted a review of its policies to ensure compliance with President Trump’s executive orders
CFPB to scrap ‘unlawful’ open banking rule
Banking groups argue that the rule, created under Section 1033 of the Dodd-Frank Act, was an overstep in the CFPB’s authority.
Guild in M&A talks with Bayview Asset Management
Companies said preliminary discussions on a “broader commercial relationship and potential corporate transaction” are in progress.
May housing starts swell as builders respond to strong demand
Housing starts surprisingly rose in May by the most since 2016. And permit applications also increased, a sign that builders are responding to strong consumer demand.
Renting is much cheaper than owning in these housing markets
The monthly premium to own versus rent in April hit $1,030 per month, compared to $884 per month at the same time last year, according to John Burns Research & Consulting.
Housing Market Tracker: Purchase apps surprise
Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain.
