The Fed’s QE-4 plan will keep pressure on CUs’ net-interest margins.
February 11, 2013
The Fed is saying it’s willing to accept an inflation rate that is higher than its target of 2%.Read More
Consider adopting a ‘maintenance schedule’ for model assumptions.
July 31, 2012
Just like maintaining a vehicle, CUs should review their interest-rate risk models to determine whether current assumptions are appropriate.Read More
Does changing from a nonvariable rate to a variable rate trigger the duty to review the account?
November 24, 2010
The Fed recently provided another proposal related to the CARD Act. But this one is actually helpful.Read More
The national average contract mortgage rate was 4.55% for September loans.
October 28, 2010
The average interest rate on conventional, 30-year fixed-rate mortgage loans of $417,000 or less decreased 12 basis points (bp) to 4.58% in September. The average interest rate on 15-year, fixed-rate loans of $417,000 increased 11 bp to 4.57% in September.Read More
The third phase of the Fed's implementation of the CARD Act.
October 10, 2010
The third phase of the Fed's implementation of the CARD Act.Read More
Household spending increases gradually, but remains constrained by high unemployment, modest income growth, lower housing wealth, and tight credit.
October 4, 2010
Economic conditions, including low rates of resource utilization, subdued inflation trends, and stable inflation expectations, are likely to warrant exceptionally low levels for the federal funds rate for an extended period.Read More