Items Tagged with 'Federal Reserve'

ARTICLES

  • Appraisers accuse federal regulators of recreating housing crisis conditions

    Appraisal Institute blasts proposal to eliminate appraisal requirement on certain home sales
    As one might expect, appraisers are none too pleased about the FDIC, the OCC, and the Federal Reserve proposing to eliminate the appraisal requirement on certain home sales of $400,000 and below. According to Appraisal Institute President James Murrett, the newly proposed rules would add significantly more danger to the lending environment and harken back to the way things were just before the financial crisis.
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  • Regulators propose ending appraisal requirement on some home sales of $400,000 and below

    FDIC, OCC, Fed propose raising appraisal threshold for first time since 1994
    The Federal Deposit Insurance Corp., the Office of the Comptroller of the Currency, and the Federal Reserve released a proposal Tuesday that would increase the appraisal requirement from $250,000 to $400,000, meaning that certain home sales of $400,000 and below would no longer require an appraisal.
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  • Goldman Sachs: Fed still has 5 rate hikes to go

    Job creation to reach breakeven pace in 2020
    The Federal Reserve elected to raise the federal funds rate three times so far in 2018, three times in 2017 and once in 2016, but Goldman Sachs says it still has five rate hikes to go. The company noted that the Fed is unlikely to conclude the hiking cycle unless it is reassured that the labor market overshoot doesn’t grow much further.
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  • Federal Reserve proposes easing regulations for larger banks

    But not the largest banks
    The Federal Reserve this week proposed the idea of easing regulations on larger financial institutions and announced it is seeking public comment on the issue. The Fed recently proposed four new tiers of regulation for banks with more than $100 billion in assets to ease compliance requirements for banks with less risk. Banks deemed to have the lowest risk would be able to skip out on annual stress tests and reduce other requirements.
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  • Former Fed chair says "we're in a hell of a mess"

    Paul Volcker tells The New York Times he sees a "hell of a mess" in every direction
    In an interview with The New York Times, former Federal Reserve Chair Paul Volcker says he sees a "hell of a mess in every direction" when it comes to the country, economy and government. Volcker always warns that the country is developing into a plutocracy.
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  • Warren urges Fed to remove Wells Fargo CEO

    Senator asks Fed chair to not allow Wells Fargo to grow until Sloan is removed
    Sen. Elizabeth Warren is urging the Federal Reserve to require the removal of Wells Fargo CEO Tim Sloan if the bank wants to grow. Warren sent a letter to Fed Chair Jerome Powell asking him to not allow the embattled megabank to grow in size until it replaces Sloan. In her letter, Warren said Sloan is "deeply implicated" in the bank’s prior misconduct.
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  • Wall Street worries lead to weakening housing stocks

    Analysts reduce price targets as fears of rising interest rates grow
    This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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