Items Tagged with 'Federal Reserve'

ARTICLES

Fed continues to send signals on looming interest rate hike

So, what does it mean for the mortgage market?
It appears that the Federal Reserve is continuing its tact of jumping through as many hoops as possible to prepare the market for the potential of another rate hike. So, what happens to the mortgage market whenever the Fed actually does raise rates? Here are a few insights.
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Could the mortgage market be facing a liquidity crisis?

Kroll Bond Rating Agency's Christopher Whalen thinks so
The mortgage market could be staring at a liquidity crisis in the very near future thanks in part to the Federal Reserve's repeated reluctance to increase interest rates, Kroll Bond Rating Agency Senior Managing Director Christopher Whalen told CNBC on Wednesday.
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Nearly 650,000 borrowers to receive more money from Independent Foreclosure Review

Remaining funds to be distributed to borrowers who already received money
The clock is now at zero for the borrowers eligible for payment under the Independent Foreclosure Review Payment Agreements who have not yet cashed or deposited their check. So where is all the money going? It's headed to the borrowers who already cashed their checks.
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Despite "largely positive" news, FOMC holds on raising interest rates in July

Next meeting scheduled for September
The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.
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Brexit proved too much a wild card for Fed officials

June meeting shows interest rates impact concern
Minutes released from the Fed’s June meeting show how dependent raising rates this year is to the Brexit decision, and the role other economic factors, such as the jobs report, played in the decision not to raise rates. Here's how the esteemed board reasoned their decision on interest rates.
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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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