Tag Archives: Board of Governors of the Federal Reserve System

With mortgage rates averaging 40 basis points higher than one month ago, overall mortgage application volume deviated from the norm and rose slightly week-over-week, led by an increase in ARM volume.

An upcoming Senate Banking Committee hearing will discuss the state of the nation’s banking system, and how the nation’s bank regulators have resolved these institutional failures.

On Monday, the Consumer Financial Protection Bureau, Board of Governors of the Federal Reserve System, and Office of the Comptroller Currency announced that they were raising the threshold of loans exempt from special appraisal requirements for higher-priced mortgage loans (HPML).

One CEO is asking consumers to verify appraiser qualifications with their lenders, to ensure a smooth appraisal process.

Despite recent market volatility, economic growth in the second half of the year is expected to improve, Fannie Mae says.

The Third Federal Savings and Loan Association of Cleveland, a wholly owned subsidiary of TFS Financial Corporation, recently reported the results of its 2015 company-run stress test that is conducted in accordance with regulations of the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Today, the Federal Open Market Committee announced in a press release that it has decided to further postpone raising federal rates until inflation improves. This meeting is the fourth of eight meetings the committee will have this year to discuss market developments, economic conditions, and the highly anticipated federal funds rate increase.

In a combined session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the manager of the System Open Market Account (SOMA), a meeting was held today to discuss domestic and foreign financial market developments and the Federal Reserve’s Balance Sheet.