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Posted Date: Friday, June 21, 2024
Recognizing the high cost of lengthy merger cycles involving large banks, the Federal Deposit Insurance Corp. finalized amendments to its resolution planning criteria for banks with $50 billion or more in total assets.
A covered insured depository institution would have to demonstrate in its resolution plans how it could be wound down without a merger under the amended final rule. Read on »
Posted Date: Tuesday, June 18, 2024
The Federal Reserve announced it will maintain the federal funds rate within the target range between 5.25 and 5.5 percent, noting that inflation remains above the Fed’s 2 percent target despite positive job gains and persistently low unemployment.
The Federal Open Market Committee recommended rates remain unchanged again based on risk indicators affecting employment and its inflation goals and uncertainty in its economic outlook. Read on »
Posted Date: Friday, June 14, 2024
The 2024 National Settlement Services Summit featured an exclusive interview with former Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria, now a senior advisor at the CATO Institute, who shared his views on the economy, the regulatory environment and the role of the federal government with October Research Chief Knowledge Officer Mary Schuster.
The interview is available as the fifth installment of the Keys to Real Estate Podcast – the first to be recorded in front of a live audience. Read on »
Posted Date: Tuesday, June 11, 2024
The Federal Reserve’s semiannual supervision and regulation report provides the banking industry vital insight based on the agency’s latest assessment data about conditions facing the banking system, as well as its current regulatory and supervisory priorities. Read on »
Posted Date: Friday, May 17, 2024
October Research, LLC debuted its new “Keys to Real Estate” podcast, hosted by Chief Knowledge Officer Mary Schuster, on May 16. Industry professionals can now hear from some of the most knowledgeable thought leaders on topics impacting the real estate transaction while on the go delivered weekly via various podcast platforms and YouTube. Read on »
Posted Date: Tuesday, May 14, 2024
Nonbank mortgage activity and the use of automated tools in lending decisions are among the main focal points in the Financial Stability Oversight Council’s (FSOC) annual report summarizing key vulnerabilities in the financial system and recommendations for mitigating risks, as well as the council’s activities in 2023. Regulators commented on the need for FSOC to have more tools to help stem emerging financial stability risks. Read on »
Posted Date: Friday, May 3, 2024
As the Federal Reserve announced for the sixth straight month that interest rates will remain unchanged, the agency signaled its plans to shift its approach to tackling inflation. This will entail reducing the amount of Treasury securities held on its balance sheet through a process commonly referred to as quantitative tightening.
Fed Chair Jerome Powell offered a detailed explanation of the decision, and Mortgage Bankers Association Chief Economist Michael Fratantoni commented on the implications. Read on »
Posted Date: Friday, May 3, 2024
The U.S. banking system made it through the first quarter of 2024 without a single bank failure, which is good news after a year in which there was at least one failure per quarter. On April 26, the Federal Deposit Insurance Corp. announced Republic First Bank as the first institution to fail this year.
Fulton Bank, National Association of Lancaster, Pa., absorbed all assets and branches previously belonging to the Philadelphia-based regional bank. Read on »
Posted Date: Tuesday, April 16, 2024
The Federal Deposit Insurance Corp. (FDIC) released a report detailing how the agency would manage the orderly resolution of a large, complex financial company under Title II of the Dodd-Frank Act. FDIC Chairman Martin Gruenberg touted the report as “the most comprehensive explanation to date of how the FDIC expects to utilize those authorities.” Read on »
Posted Date: Friday, April 12, 2024
Industry organizations hoping for the long-anticipated interest rate cuts to be approved by the Federal Reserve this spring or early summer may have to wait longer than expected, based on minutes released from the Federal Open MIndustry organizations hoping for the long-anticipated interest rate cuts to be approved by the Federal Reserve this spring or early summer may have to wait longer than expected, based on minutes released from the Federal Open Market Committee’s March meeting. arket Committee’s March meeting. Read on »
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