On November 14, U.S. bank regulators from the Federal Reserve, FDIC, and OCC, testified before the Senate Banking Committee, followed by the House Financial Services Committee on November 15. Republican and Democratic members in both...
Read MoreLarge U.S. banks are turning to synthetic credit risk transfers (CRT), amidst higher interest rates and proposed Basel lll capital regulations, to remove risk from their balance sheets. Until recently, CRT deals were rarely used...
Read MoreSEC Commissioner Mark Uyeda has emphasized the need for a potential re-proposal of their 2022 proposal related to climate disclosure, if the final rule is to substantially deviate from the SEC’s original. Uyeda’s remarks come...
Read MoreOn October 31, the FHFA released its National House Price Index for August 2023 and its Annual Housing Report for 2022. According to the House Price Index, average home prices rose 0.6% from July to...
Read MoreU.S. subprime consumers are increasingly falling behind on their auto loan payments, according to Bloomberg. In September, 6.11% of subprime auto borrowers were 60 days past-due, the highest percentage since 1994, according to Fitch Ratings....
Read MoreThe Biden Administration released a plan to support the conversion of high-vacancy commercial real-estate into residential units, building off the White House Housing Supply Action Plan. The Department of Transportation and Department of Housing and...
Read MoreOn October 31, a group of 25 bipartisan members of the House Financial Services Committee wrote to SEC Chairman Gary Gensler to express concerns about the re-proposed conflict of interest rule for securitization. The letter...
Read MoreIn response to industry concerns, the FHFA plans to broaden its reps and warrant loan repurchase policies to include loans that have successfully exited a Covid-19 forbearance plan. In prepared remarks before an industry conference,...
Read MoreCentral bank officials could be nearing the finish-line of raising short term interest rates if long term rates remain at recent highs and inflation continues to cool. The Fed previously raised the federal funds rate...
Read MoreIn a speech on September 9, Federal Reserve Vice Chair for Supervision Michael Barr addressed concerns surrounding the recently proposed Basel III capital regulations. Barr emphasized that these regulations are critical to completing the implementation...
Read MoreOn September 3, the Supreme Court heard oral arguments for CFPB v. Community Financial Services Association, which challenges the constitutionality of the CPFB’s funding structure. Justices on both sides of the aisle seemed hesitant to validate arguments that the...
Read MoreOn September 26, the FHFA released its national house price index for July 2023. According to the index, average home prices rose 0.8% from June to July 2023, and 4.6% on a year-over-year basis. Read...
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