"December 14, 2024" Archives

Archive page

CFPB reports ‘significant’ drop in mortgage applications, originations in 2023

Mortgage application and origination activity dropped by roughly one-third from 2022 to 2023 as high interest rates depressed broader industry activity. That’s according to Home Mortgage Disclosure Act (HMDA) data published by the Consumer Financial Protection Bureau (CFPB) in a report released Friday. The decline was sharper for refinances when compared with purchase loans, according…

Senate approves modernized version of the Older Americans Act

A reauthorized version of the Older Americans Act (OAA), originally passed by Congress and signed into law by President Lyndon Johnson in 1965, has passed the Senate and is now making its way to the House of Representatives. This is according to announcements by Senate Health, Education, Labor and Pensions (HELP) Committee Chair Bernie Sanders…

1 2 3 4 5