Under a final rule, banks with $50 billion or more in assets will need to submit capital plans to the Federal Reserve, which will also begin performing stress tests for the largest financial institutions next year. Read the original post: New Fed Rule Means Capital Plans, Stress Tests for Banks … [Read more...]
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Bipartisan Legislation Introduced to Address Concerns Regarding Bank Exams
November 22, 2011 by
Financial Institutions Subcommittee Chairman, Rep. Shelley Moore Capito (R-W.VA), and Ranking Member Rep. Carolyn Maloney (D-NY), have introduced the HR 3461, Financial Institutions Examination Fairness and Reform Act, to clarify concerns regarding the increase in regulatory compliance issues for … [Read more...]
Insured Banks Tallied $35.3B in Q3 Earnings: FDIC
November 22, 2011 by
Balance sheets improved steadily for commercial and savings financial institutions over the third quarter, according to the FDIC, with those insured by the federal agency offering $35.3 billion in profit margins. Loan portfolios snagged an updraft over the third quarter, posting an increase for the … [Read more...]
New Bill Aims to Create Appeals Process for Bank Complaints
November 22, 2011 by
If a new bill becomes law, it would establish a central appeals hub for financial institutions with concerns about actions taken by bank examiners, corralling the activities of several regulatory agencies for review. Originally posted here: New Bill Aims to Create Appeals Process for Bank … [Read more...]
IMF News Gives Markets a Slight Nudge.
November 22, 2011 by
Posted To: MBS Commentary MBS continue to trade within the sideways range that has prevailed since yesterday afternoon although Fannie 3.5's did see a brief blip lower following the 12noon news that the IMF is increasing lending capacity to stem the EU debt crisis. View the original here: IMF … [Read more...]
Wells Fargo FICO Pricing Changes Roil Rate Sheets; BofA Challenges Fannie on Buybacks; A Lesson in Cajun Economics
November 22, 2011 by
Posted To: Pipeline Press The inability of the Super Committee (maybe not so super) brought forth a flurry of political jokes. (For example, a driver is stuck in a traffic jam in Washington D.C See more here: Wells Fargo FICO Pricing Changes Roil Rate Sheets; BofA Challenges Fannie on Buybacks; A … [Read more...]
Lackluster Spending Tilts Against Homebuying: Freddie
November 22, 2011 by
Mortgage giant Freddie Mac tied weak homebuyer demand to a drop in consumer expenditures in an outlook it released Monday. The GSE captured a look at the financial mood of consumers by releasing the U.S. Economic and Housing Market Outlook, which makes forecasts according to key economic indicators … [Read more...]
REMN Adds to Its South Carolina Operations
November 21, 2011 by
Real Estate Mortgage Network Inc. (REMN) has announced the addition of Justin Tucci to the firm's Myrtle Beach, S.C. Read More: REMN Adds to Its South Carolina Operations … [Read more...]
Freddie Mac Sees Bright Spots in Economy but few in Housing
November 21, 2011 by
Posted To: MND NewsWire Freddie Mac's November Economic Outlook holds some good news for the economy as a whole, but the housing picture remains relatively bleak. Third quarter growth is expected to come in at a 2.5 percent annual rate, more than three time the pace of the first half of the … [Read more...]
Mortgage Rates Continue Hovering Close to Historic Lows
November 21, 2011 by
Posted To: Mortgage Rate Watch Today was a quiet for Mortgage Rates . Although several lenders released improved rate sheets later in the day, the overall landscape of rate sheet offerings from lender to lender is strikingly similar to that seen on Friday More here: Mortgage Rates Continue … [Read more...]