Items Tagged with 'Federal Reserve'

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2 keys to uncovering more home equity business

How to effectively target prospective borrowers
This spring-buying season many lenders will be left either trying to entice Millennials into the first-time homebuyer market or chasing home equity loans. Both paths come with challenges, but the latter will be significantly easier with the right information. There are really two key pieces of information that a lender must have to effectively target potential borrowers.
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Federal Reserve: Mortgage debt rises to 4-year high

Mortgage debt increased by $120 billion in first quarter
The amount of money that Americans owe to mortgage lenders rose to the highest level in more than four years during the first quarter, according to a new report from the Federal Reserve Bank of New York. Click through to read the full details.
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As expected, Fed holds off interest-rate hike

‘Growth in economic activity appears to have slowed’
The Federal Open Market Committee elected not to increase the federal funds rate. Whereas the committee believes housing has improved further, inflation is running just a little behind its objective.
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Will Fed remain dovish, punt on interest-rate hike again?

Market analysts still look to second half of year for federal funds rate increase
During this week's meeting of the Federal Open Market Committee, the group that sets the benchmark interest rate for bank lending, there will undoubtedly be some discussion about raising the federal funds rate again, but discussion is about as far as it’s going to get, some analysts believe.
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Trump: If I win, Yellen's days at the Fed will be numbered

Republican frontrunner tells Fortune he'd replace Fed Chair
If Republican frontrunner Donald Trump secures a victory in November’s election and is sworn in on Jan. 20, 2017 as this country's next president, Federal Reserve Chair Janet Yellen may shortly find herself out of a job.
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Five major banks fail bailout test, would need taxpayer money in crisis

Bank of America, JPMorgan Chase, Wells Fargo, others must improve 'living wills'
Five of the nation’s largest banks are not prepared for a financial crisis and would need taxpayer bailouts, the Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation announced Wednesday.
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Fannie Mae: Expect Fed rate hikes in June and December

Economic growth will remain limited in 2016
Despite the Federal Open Market Committee announcing earlier this week that it felt that current economic conditions did not warrant another increase of the federal funds rate, Fannie Mae’s Economic & Strategic Research Group still expects that the FOMC will increase rates at least twice in 2016.
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