According to the Federal Open Market Committee, the economy is expected to expand at a moderate pace, which could spark a rate increase sooner than anticipated. This question will be answered at the FOMC meeting this week.
Read More »Fed Report Shows Stagnant Real Estate Market
The Beige Book reports that home prices are on a steady rise in most districts, though several districts note low inventories of existing homes. Lending activity stayed steady for the most part, with some slight increases.
Read More »Yellen: “Economic Outlook is Uncertain”
During Tuesday's Senate Banking Committee Meeting, the Federal Reserve Board Chairwoman discussed the state of the economy, and detailed that the rate increase is dependent on employment and inflation.
Read More »Fed Holds Steady on Interest Rates
The Fed, in its first meeting of 2017, kept interest rates the same after commenting on the strengthening economy.
Read More »Wells Fargo Faces New Challenges From Regulators
The verdict is in. On Tuesday, The FDIC and the Federal Reserve Board announced their determination for the revised "living wills" of Bank of America, Bank of New York Mellon, JP Morgan Chase, State Street, and Wells Fargo.
Read More »Banks Revise Their “Living Wills”
In April of this year, the Fed and FDIC determined that each of the 2015 resolution plans, or “living wills," for eight domestic banking institutions were not credible or would not facilitate an orderly resolution under the U.S. Bankruptcy Code. What have these firms done to resolve their deficiencies?
Read More »Agencies Take a Hard Look at Banking Activities
The Federal Reserve Board, the FDIC and OCC released a report to the Congress and the FSOC on the activities and investments that banking entities may engage in.
Read More »Independent Foreclosure Review to Yield Additional Payments for Borrowers
The paying agent, Rust Consulting, Inc. will mail payments to eligible borrowers of Federal Reserve supervised servicers who cashed or deposited their initial checks from the Independent Foreclosure Review Payment Agreement.
Read More »Economists Doubt Fed Will Act Before Election
Fed policymakers had originally forecasted four rate hikes for 2016 at the start of the year following December’s historic liftoff. Now economists believe if a rate hike occurs at all, it will not be until after the election.
Read More »Fed Reports Strengthening Housing Activity
The Federal Reserve found strong growth in single-family housing in its latest Beige Book despite low inventories.
Read More »