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States Issue Progress Report on Mortgage Examination Initiative
The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) today published the first report on multi-state examination efforts to improve supervision of the mortgage industry.
Mid-Day Recap: Stocks Regain Balance Despite Weak Data
News hasn’t been stellar this morning but markets are nonetheless recovering from the global sell-off yesterday. Three hours into the session, the S&P 500 has rebounded 1.05% to 990 (after tumbling 2.4% yesterday), while the Nasdaq has climbed 1.25% to 1,955, and the Dow has moved 0.92% higher to 9,217.
Lending Standards Remain Tight. Weak Consumer Demand to Stall Recovery?
Banks were tightening loan standards and consumer demand for loans was softening during the second quarter, a central bank survey showed yesterday.rnrn“Domestic banks indicated that they continued to tighten standards and terms over the past three months on all major types of loans to businesses and households,†the Federal Reserve’s survey of senior loan officers said.
Latest Articles
By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...
Late-Stage Delinquencies are SurgingAug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...
Published by the Federal Reserve Bank of San FranciscoIt was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...