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The total number of non-current residential mortgage loans fell by 1.4 percent from June to July, to 7.04 million, with improvements in delinquency rates partially offset by an increase in foreclosures, according to mortgage-data aggregator Lender Processing Services...more |
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The Federal Open Market Committee (FOMC) at its last meeting announced plans to start reinvesting proceeds of maturing mortgage-backed securities held by the central bank into long-term Treasurys in order to halt contraction of the nation's balance sheet. How exactly, still remains debatable...more |
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The president of the Federal Reserve Bank of Kansas City expects commercial real estate to continue to be a drag on bank earnings for "some quarters yet."..more |
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Federal Reserve officials like to say they have plenty of tools left in their policy arsenal to deal with a weakening economy...more |
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