Federal Reserve System

Bank Mortgage Lending Policies Appear To be Easing

According to the Federal Reserve's quarterly survey of senior bank loan officers, roughly 1 in 10 lenders added mortgage qualification hurdles between April and June. It's a huge departure from just 2 years ago when the mortgage industry was facing its first wave of challenges.

By |2017-08-10T02:39:57-04:00September 3rd, 2010|Mortgage Guidelines, Mortgage Lending|Comments Off on Bank Mortgage Lending Policies Appear To be Easing

A Rate-Locking Strategy For Today’s Fed Meeting

The Federal Open Market Committee adjourns from a scheduled 1-day meeting today, its second of the year. The FOMC has held the Fed Funds Rate in a target range of 0.000-0.250 percent since December 16, 2008, and the voting members of the Fed are expected to vote "no change" again today.

By |2017-08-10T02:42:15-04:00March 16th, 2010|Economy, FOMC, Mortgage Lending|Comments Off on A Rate-Locking Strategy For Today’s Fed Meeting

Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

The Fed Minutes is a follow-up document, delivered 3 weeks after an official FOMC meeting. It's a companion piece to the post-meeting press release, detailing the debates and discussions that shaped our central bankers' policy decisions. The Minutes is a terrific look into the Fed's collective mind and, yesterday, Wall Street didn't like what it saw.

By |2017-08-10T02:42:32-04:00February 22nd, 2010|Economy, FOMC Minutes, Mortgage Lending|Comments Off on Mortgage Rates Spike On The Federal Reserve’s January 2010 Meeting Minutes

A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)

The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent. In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.

By |2017-08-10T02:43:00-04:00January 27th, 2010|FOMC|Comments Off on A Simple Explanation Of The Federal Reserve Statement (January 27, 2010 Edition)
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