Home equity props up retirees as savings fall short

More than one-third of working-age Americans lack access to an employer-sponsored retirement plan, and those who do have median balances of just $40,000, according to a new study from the National Institute on Retirement Security (NIRS). The analysis of U.S. Census Bureau data from December 2022 pai
Read MoreFed vice chair pushes Basel regulatory shift to spur bank mortgage lending

Michelle Bowman, the Federal Reserve‘s vice chair for supervision, used a major industry forum to argue that Basel capital rules have helped to drive mortgage lending and servicing away from banks — and that it’s time to reconsider that approach. Addressing the American Bankers Association (ABA)’s 2
Read MorePropLogix launches FinCEN reporting service for title agents

PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases
Read MoreHigh-producing St. Louis agent returns to Coldwell Banker

Real estate agent Kristin Sprague has rejoined Coldwell Banker Realty-Gundaker — returning to the brokerage where she began her career in 1995. Sprague has worked in the St. Louis metro area for more than 25 years. According to the most recent RealTrends Verified rankings, she remains among the most
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