The Federal Open Market Committee raised the federal funds rate by another 25 basis points last week to its highest level since July 2007. And while it hinted this might be the final increase for a while, it left open the door for more action should economic conditions warrant.
Tag: Federal Reserve
Fed Adds 25 Basis Points to Federal Funds Rate
The Federal Open Market last week raised the federal funds rate by another 25 basis points, a move widely anticipated by analysts and financial markets.
Fed Brings Out the Big Guns
Following weeks of gloomy economic news and rising inflation, the Federal Open Market Committee pulled out nearly all the stops on Wednesday, hiking the federal funds rate by 75 basis points for the first time in nearly 30 years.
MBA, Trade Groups Submit Urgent Main Street Lending Program Recommendations
The Mortgage Bankers Association and affiliated groups shared urgent recommendations with the Senate Banking Committee to improve the Main Street Lending Program’s effectiveness for commercial real estate owners and tenants.
CREF Highlights June 4, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
MBA Urges Feds to Take Immediate Further Steps on Market Stabilization, Liquidity
The Mortgage Bankers Association on Sunday asked the Treasury Department and the Federal Reserve to take immediate further actions ensure orderly functioning of the housing finance market in response to the “extreme volatility” in financial markets arising from the spread of the coronavirus.