A coalition of financial trade groups issued a joint comment letter asserting that the federal bank regulators’ proposed capital rule lacked justification and evidence required by the Administrative Procedure Act, threatening legal action if regulators don’t delay and significantly amend the rule.
https://www.nationalmortgagenews.com/news/industry-says-basel-rule-violates-law-if-it-isnt-revised
Refi potential spreads as average borrower rates rise
Nearly one-quarter of borrowers now have a rate above 5% as households in this category grow and...
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