Home / News (page 1271)

News

Fed Governor Proposes Higher Capital Surcharge on Big Banks

In an effort to avoid a repeat of the 2008 financial crisis, Fed Governor Daniel Tarullo announced on September 9 to the Senate Banking Committee that the Federal Reserve is planning to impose a capital surcharge on the nation's biggest banks that is higher than that of their international counterparts.

Read More »

Father, Son Indicted on TARP Fraud Charges

Two Kansas men were indicted on multiple charges of defrauding a bank that was receiving government assistance out of more than $877,000, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy Romero and U.S. Attorney for the District of Kansas Barry Grissom announced recently.

Read More »

Shea Joins Birchwood Credit as SVP of Sales, Marketing

Birchwood Credit Services recently announced the hiring of John Shea as senior vice president of sales and marketing. Based in North Conway, New Hampshire, Birchwood offer has been offering credit information solutions, including mortgage credit and tenant screening products, and many other professional services to the mortgage industry since the company was founded in 1992. As SVP of sales and marketing, Shea will direct the execution of sales plans and will oversee strategic planning and customer service.

Read More »

Fed: Wealth Share of Richest Families Increasing

A report released recently by the Federal Reserve Board provided evidence that the gap between the richest American families and all others is getting wider. The Survey of Consumer Finances, conducted by the Federal Reserve Board every three years, reported last week that the wealth share held by the top 3 percent totaled 54.4 percent in 2013, a number that has climbed from 51.8 percent in 2007 (before the recession) and from 44.8 percent in 1989.

Read More »

Index Shows Employment Growth Slow But Steady

August's increase was driven by improvements in seven of the eight indicators used to calculate the index, the group reported, with the percentage of firms unable to fill positions right now contributing the most.

Read More »

Research Group Expresses Both Support, Concern for FHFA Proposal

The securities "would combine the best features of each of the current securities," such that "the security would have the superior pooling features of the current Fannie Mae securities and the superior disclosure features of the Freddie Mac securities," according to the Urban Institute.

Read More »

Housing Recovery Will Continue Into 2015 [Fannie Mae]

Improvements in the labor market in 2014 have not translated to widespread housing market recovery this year, according to the Fannie Mae August 2014 National Housing Survey. Instead, data in the survey indicated that recovery for the housing market will be slow heading into 2015. The number of people in the survey who said they believed now is a good time to sell a home fell six percentage points to 64 percent, an all-time low since the monthly survey began in June 2010. The number of people who said now is a good time to buy a home also declined to 38 percent.

Read More »