Items Tagged with 'Federal Reserve'


HSBC reaches $601M settlement over charges of 'abusive mortgage practices'

Settlement reached with DOJ, HUD, CFPB, Federal Reserve, 49 states
HSBC agreed to a $601 million settlement with a series of federal agencies and nearly every state over charges that the bank engaged in mortgage origination, servicing and foreclosure abuses. The massive settlement with HSBC was jointly announced Friday by the Department of Justice, the Department of Housing and Urban Development, the Consumer Financial Protection Bureau, 49 states and the District of Columbia.
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Beige Book shows mixed economy

Housing doing well
The latest Federal Reserve Beige Book presents a mixed picture of the economy, with consumers and housing staying strong as the manufacturing, agricultural and energy sectors struggle.
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A look at housing without rose-colored glasses

Let's look at the Fed rate
It is only one week into the new year and already reports are appearing that 2016 is going to be a wonderful year for housing. But if you take off the rose-colored glasses and look at the industry in a different light, it might change whether you think 2016 will be a good year.
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The Big Short’s Michael Burry on disastrous Fed policies; failure of Dodd-Frank

Tells New York Magazine that current financial environment is ‘toxic’
Michael Burry, one of the featured players in both the book and movie “The Big Short,” is thought of as a “soothsayer” who saw the financial crisis coming before anyone else. Burry recently spoke with New York Magazine about his views on the run-up to the financial crisis, the aftermath of it, and where things stand now. And his forecast isn't good.
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Why are there almost no new banks since the crisis?

Dallas Fed: Regulations are crushing community lenders
In the aftermath of the economic crisis of the late 2000s, the federal government passed a number of sweeping laws that irrevocably changed the financial landscape of this country, but just how much?
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Bernie Sanders: Fed's decision to raise interest rates is a disaster

Democratic Presidential hopeful hammers Federal Reserve in scathing editorial
Count Senator Bernie Sanders, I-Vt, among those who think the Federal Open Market Committee’s recent decision to raise the federal funds rate for the first time since June 2006 was a bad decision. In fact, in a scathing editorial published by the New York Times, Sanders lambastes the Federal Reserve, its decision-making, its policies, and its sheer existence.
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Freddie Mac: Despite Fed rate hike, interest rates will stay at "historic" lows in 2016

Mortgage rates tick up for second week in a row
The Federal Reserve ended its nearly decade-long period of zero interest rate policy. Yet, the move still sent shockwaves through the financial markets. At any rate, according to Freddie Mac’s chief economist interest rates should remain at “historically low levels” throughout 2016.
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