Across the U.S., there are nearly 40% fewer homes for sale compared to pre-pandemic norms, as new listings dropped an overall 23% from last June, according to Redfin’s Homebuyer Demand Index.
Read More »Fed Raises Rates to Curb Inflationary Concerns
Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
Read More »Assessing Financial Vulnerabilities
See this video to learn what Chairman Jerome Powell had to say about the findings of the Fed’s first Financial Stability Report that gauges the country’s monetary stability.
Read More »Estimated $17 Billion April Credit Gain Only $8.2 Billion
Recently, the April 2017 Consumer Credit report was released, revealing total consumer credit rising 2.6 percent. April marked the smallest increase in consumer borrowing in six years. Revolving and nonrevolving to household, family, and personal expense credit was covered.
Read More »House Sets Hearing on Federal Reserve
The U.S. House of Representatives Committee on Financial Services announced late Monday that it would hold a hearing on proposed legislation aimed at reforming the Federal Reserve.
Read More »Fed Survey Finds Increased Interest in RMBS
The Board of Governors of the Federal Reserve System released findings from its Senior Credit Officer Opinion Survey for March, 2014. The report found that credit officers are experiencing an increased demand for residential mortgage-backed securities (RMBS).
Read More »Audit Finds CFPB Can Improve ‘Efficiency and Effectiveness’
The Office of Inspector General (OIG) for the Federal Reserve System released an executive summary outlining an audit performed on the Consumer Financial Protection Bureau (CFPB) to assess the bureau’s operational efficiency and effectiveness. The OIG noted the difficult task associated with the creation and implementation of the new agency; however, the OIG found that improvements could be made.
Read More »Agencies Issue Final Stress Test Guidance for Medium-Sized Firms
In a joint release on Wednesday, the Board of Governors of the Federal Reserve System (Federal Reserve), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) issued final guidance describing supervisory expectations for stress tests. The tests will be conducted by medium-sized financial companies, "with total consolidated assets between $10 billion and $50 billion," according to the release.
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