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Industry has reason for optimism with previously owned homes rising by 1.3% in July
Demand for housing loans increase by 16%
New proposal would also reduce paperwork burdens
CFPB estimates the proposed rule will result in 22,000 additional mortgage approvals
Impact of CRE exposure on community banks has overshadowed the risk to larger banks
New report found 70% of Americans feel renting could impact their current and long-term finances
Mortgage rates dropped to 7.08% on 30-year fixed-rate mortgages from 7.18%
The regulator found servicers charging illegal junk fees and violating loss mitigation rules
The report could have been worse as some feared even higher inflation reports
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Webinar:

Strategic Growth: How FI Execs Can
Leverage a Payments Hub

Thursday, September 12, 2024, at 2:00 pm ET

As banks prioritize investments in both commercial and retail payments, with a significant portion planning to spend over $20 million, it's clear that payment modernization is at the forefront of industry strategy. However, legacy infrastructure remains a significant challenge.

Alacriti's Neeraj Gupta, SVP of Product Management, will discuss:

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