Global government and central bank actions designed to counteract systemic mortgage-related concerns are "positive" but "have not had a material impact on curbing the crisis in the credit markets," according to a recent report from the New York office of DBRS, Toronto."With additional liquidity in the banking system, the hope is that there should be some easing of the credit crunch that began last summer," the report said. "However, the credit crisis may remain more protracted in the mortgage sector and further measures may be needed." DBRS can be found on the Web at http://www.dbrs.com.
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According to the Federal Reserve Board's latest financial stability report, persistent inflation and policy uncertainty are the primary worries for banks. Survey respondents expressed heightened anxiety over murky policy outlooks due to geopolitical turmoil and rapidly approaching domestic elections.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
9h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
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The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
April 19 -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
April 19 -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18