Federal Reserve

The July issue of the Beige Book details issues for the economic and housing markets due to COVID-19. The post Federal Reserve Outlines Challenges Ahead appeared first on DSNews.

Government loans are vulnerable due to the rise in COVID-19 cases and the uncertainty that comes with it. The post A Call for a Government Liquidity Facility appeared first on DSNews.

The New York Federal Reserve Bank announced the purchase of more than $22 billion. The post Fed Ups MBS Buying appeared first on DSNews.

Federal Reserve Chairman Jerome Powell talks about administering additional stress tests in response to the pandemic but assures members of the House the goal is not to raise capital requirements. The post Fed Chair Discusses Administering Additional Stress Tests appeared first on DSNews.

Jerome Powell gave his semiannual address to Congress on Tuesday and discussed the Fed’s plan for purchasing mortgage-backed securities. The post Fed Chair: Purchase of MBS ‘Vital’ For Market Function appeared first on DSNews.

In the Week Ahead, the FHA will discuss how various federal lenders are assisting homeowners. The post The Week Ahead: Federal Update on COVID-19 Relief appeared first on DSNews.

The Federal Reserve also announced that it intends to increase its holds of mortgage-backed securities over the coming months. Click through to read more. The post Fed: No Change in Interest Rates Until Economy Recovers appeared first on DSNews.

Acting Comptroller of the Currency Brian P. Brooks has expressed concerns about the effects of regional and local responses to COVID-19 on the federal banking system. The post How Lockdowns are Hurting the Banking System appeared first on DSNews.