Following a joint comment letter with other trade groups submitted last week, the Mortgage Bankers Association also outlined more in depth concerns about the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards in a separate letter Tuesday.
Tag: Federal Reserve
To the Point With Bob: Proposed Capital Requirements on Big Banks Would Mean Fewer Choices, Higher Mortgage Costs
MBA President and CEO Bob Broeksmit, CMB, provides his perspective on the latest proposed capital requirement developments and their effects on the industry.
Fed Holds Rates Steady
The Federal Reserve’s Federal Open Market Committee announced it would be holding the target range for the federal funds rate unchanged yesterday, as it continues to aim for a 2% objective for inflation.
Officials Provide Updates on Repurchases, ADUs, Outlooks at MBA Annual
PHILADELPHIA–A slate of federal officials took to the stage to provide updates at the Mortgage Bankers Association’s Annual Convention & Expo here Oct. 16.
Officials Provide Updates on Repurchases, ADUs, Outlooks at MBA Annual
PHILADELPHIA–A slate of federal officials took to the stage to provide updates at the Mortgage Bankers Association’s Annual Convention & Expo here Oct. 16.
MBA Advocacy Update Sept. 25: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards and Increased Nonbank Reporting in Speech
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Advocacy Update Sept. 25: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards and Increased Nonbank Reporting in Speech
This week’s top legislative and policy news from the Mortgage Bankers Association.
S&P: U.S. Job Growth Makes July Rate Hike Likely
Payroll jobs continue to grow and the unemployment rate remains near a 50-year low, making it likely the Federal Reserve will increase the Fed Funds rate later this month, said S&P Global Ratings, New York.
#NAC23: Lessons from the COVID Pandemic
WASHINGTON, D.C.–The Federal Reserve’s intervention when COVID hit the economy in March 2020 prevented massive damage to the markets, but the Fed should have stepped back after that, Rep. Warren Davidson, R-Ohio, said here at the MBA National Advocacy Conference.
The Week Ahead, Mar. 6, 2023: Mssrs. Powell, Chopra Visit Capitol Hill
Good morning and happy Monday. It’s a busy week in Washington, with Federal Reserve Chairman Jerome Powell and Consumer Financial Protection Bureau Director Rohit Chopra scheduled to testify before Congress. But first, here’s what else is happening this week: