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Home >> News >> Government

Housing Market ‘Steady to Improving’ Across Most Fed Districts in Beige Book

Housing Market ‘Steady to Improving’ Across Most Fed Districts in Beige Book

Most Fed districts reported improvement in residential real estate, namely Cleveland, Richmond, Chicago, Minneapolis, Kansas City, Dallas, and San Francisco. The remaining districts reported steady residential real estate activity, except for New York, which said conditions were softening. Construction activity slowed in Philadelphia, Cleveland, Atlanta, and Dallas due to harsh winter weather conditions.

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Fed Seeks Input on Proposed Regulatory Changes

Fed Seeks Input on Proposed Regulatory Changes

The Fed wants to permit interest payments on certain balances to be based on a daily rate, rather than on a maintenance period average rate, as it has existed for years. It is proposing to rewrite rules defining interest on reserve-balance (IORR) and interest on excessive-balance (IOER) rates.

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Lambert Moves From Making Home Affordable to Another Position in Treasury

Lambert Moves From Making Home Affordable to Another Position in Treasury

When asked what she was most proud of having accomplished with MHA, Lambert said, "There are so many things. If I had to pick one thing, I would say we're proud of the way we were able to put resources together to help homeowners and I’m proud I was able to participate in the direct assistance of homeowners in so many ways, including our PSA campaigns, online presence and outreach events.”

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