By any measure, consumers have great expectations for the U.S. economy in the coming year. What is driving the optimism?
Read More »New York Fed Covers Behavioral Risk Management for Banks
The Federal Reserve Bank of New York has released a report that includes nine research papers aimed at identifying and understanding key factors affecting governance and culture in the banking industry,
Read More »Mortgage Debt Declines in Consumer Debt Picture
While household debt increased in Q2, the mortgage sector’s share of that debt declined from a huge spike in the first quarter, according to the New York Fed.
Read More »Consumers More Pessimistic About Mortgage Credit Access
Consumers’ experiences in the credit market have improved compared to earlier in the year, but at the same time consumers seem to be more pessimistic about their prospects ...
Read More »Will Increased Earnings Mean Good News for Housing?
The New York Fed showed that consumers’ earnings and income growth expectations rebounded while medium-term inflation expectations rose in June. What could this potentially mean for housing?
Read More »Access to Credit Just Keeps Getting Tougher
A survey shows the demand is there, but the approvals have not been.
Read More »Is the State of the Economy as Bad as it Seems?
Employment numbers are disappointing, inflation remains off target, stocks are volatile, and the overall housing market is running at a slower pace, but William Dudley, President and CEO of the Federal Reserve Bank of New York says things may be better than the current picture shows.
Read More »Household Debt Climbs in Q4, Led by Mortgages
The Federal Reserve Bank of New York said Tuesday that outstanding household debt increased $117 billion from the third quarter of last year to the fourth, putting total indebtedness at about $11.8 trillion as of the end of 2014. Balances went up across most categories, led by a $39 billion increase in mortgage debt to a total of $8.2 trillion.
Read More »Consumers Anticipate Higher Wages, Slower Home Price Growth
Consumer optimism on income growth remained fairly high in January, while expectations for home price gains in the next year fell slightly, according to survey results released Monday from the Federal Reserve Bank of New York.
Read More »Economic, Housing Attitudes Mixed in New York Fed Survey
The New York Federal Reserve's year-end Survey of Consumer Expectations showed little change between November and December, though there was a small pullback in Americans' financial expectations, according to results released Monday. The results mirror the latest National Housing Survey results released last week by Fannie Mae.
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