FHFA announces new financial rules for nonbanks

Posted January 30, 2015 / No comments

If Federal Housing Finance Agency has its way, nonbanks that do business with Fannie Mae and Freddie Mac will have to meet capital and liquidity requirements. The FHFA said its latest initiative provides greater transparency, clarity and consistency to sellers and servicers. Source: Housing Wire

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In Bullard Versus Bond Bulls, There's Potential for Lots of Pain – Bloomberg

Posted January 30, 2015 / No comments

In Bullard Versus Bond Bulls, There's Potential for Lots of Pain Bloomberg In a nutshell, it goes like this: Investors aren't taking the Federal Reserve seriously enough that it's getting ready to raise interest rates. If Bullard, the president of the Federal Reserve Bank of St. Louis, is right and benchmark borrowing costs really are

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Senate flip

Posted January 30, 2015 / No comments

Some economists believe the Republican sweep of both the Senate and House will reduce gridlock, increase pro-business legislation, and perhaps even lead to tax and immigration reform. One thing’s for certain — Democratic efforts to raise the minimum wage are now dead in the water. Source: Housing Wire

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Fannie Overseer Setting Capital Rules for Nonbank Mortgage Firms – Bloomberg

Posted January 30, 2015 / No comments

Fannie Overseer Setting Capital Rules for Nonbank Mortgage Firms Bloomberg (Bloomberg) — A U.S. housing regulator will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry. Companies selling mortgages to Fannie Mae and Freddie Mac or … and more »…(read more) Forward this article

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Fed's Williams: 3% growth in 2015

Posted January 30, 2015 / No comments

John Williams, the president of the San Francisco Federal Reserve, spoke with CNBC on Friday….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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The Fed: Asset managers could face new regulation to prevent runs: Fed's Tarullo

Posted January 30, 2015 / No comments

Federal Reserve officials are considering new regulation of the “shadow banking” sector, and specifically new rules to prevent runs in large asset managers, said Federal Reserve Governor Daniel Tarullo says….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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Fed's Fisher: stronger dollar good for U.S. jobs

Posted January 30, 2015 / No comments

SAN FRANCISCO (Reuters) – Sharp gains in the U.S. dollar that have spurred grumbling from some big U.S. companies about the impact on profits are actually a positive sign for U.S. job creation, a top Federal Reserve official said on Friday….(read more) Forward this article via email:  Send a copy of this story to someone you

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