Articles Tagged with ''Federal Reserve''

MBA: Interest rates to increase four times in 2018

Mortgage Bankers Association expects another two in 2019
During Thursday’s general economic outlook session at MBA’s Servicing conference, Joel Kan, MBA’s associate vice president of industry surveys and forecasts, said there is an expectation for a rising rate environment, given the domestic economic fundamentals against the job market.
Read More

This is what falling stock prices mean for mortgage lending

Spoiler alert: pretty much nothing, unless…
The Dow Jones Industrial Average began decreasing Friday, then plummeted on Monday, experiencing its biggest point loss in its history. But what does all of this mean for the mortgage lending market? As it turns out, it is not expected to make a significant impact, unless…
Read More

Expect first Federal interest rate rise to come in March

Market places 77% chance of 25 basis point hike
Wednesday afternoon, the Federal Reserve announced its decision not to raise the federal funds rate in January. After the Fed Funds futures pushed up their probability estimate for raising the federal funds rate in March, the market is now placing a 77% chance of a 25 basis point hike.
Read More

Fed fines another 5 banks $35.1 million for mortgage servicing and foreclosure infractions

These big banks yet to be penalized
On Friday, the Federal Reserve Board announced another $35.1 million in civil penalties against five banks as part of its effort to terminate enforcement actions, issued in 2011 and 2012, against a total of 10 banks related to residential mortgage loan servicing and foreclosure processing.
Read More

Mortgage rates to increase past 4.5% in 2018

One expert predicts rates could hit 5% mark
The Federal Reserve is expected increase mortgage rates up to three or four times in 2018, which could push 30-year mortgage rates up past 4% in 2018. Most experts predict rates will increase, but stay below 5%, however one expert predicted rates could hit the 5% market by the end of the year.
Read More

Tax reform could cause Fed to speed up rate hikes

Fed minutes show most on board with raising federal funds rate
Minutes released Wednesday by the Federal Reserve showed that the Federal Open Markets Committee could move at a quicker pace due to tax reform. While the Fed forecasts a median growth of 2.5% in 2018, the minutes showed most members will raise their expectations due to tax reform.
Read More