by The Associated Press | Feb 10, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
A Sunday night email ordered the bureau to “cease all supervision and examination activity,” effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal.
by The Associated Press | Feb 5, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
One of the next moves in President Donald Trump and Elon Musk’s sweeping effort to fire government employees and curtail operations is using the agency that manages thousands of federal employee worksites around the country to cut down on office space.
by The Associated Press | Jan 30, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue.
by The Associated Press | Jan 27, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.
by The Associated Press | Jan 23, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep.
by The Associated Press | Jan 20, 2025 | Banking & Lending, CR Daily, Digital Edition, Industry News, NEFMA Awards, Westchester News
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the U.S. economy as he promised.
by The Associated Press | Jan 15, 2025 | Banking & Lending, CR Daily, Digital Edition, Industry News, NEFMA Awards, Westchester News
JPMorgan’s net income soared 50 percent, and other major banks reported banner earnings for the year.
by The Associated Press | Jan 9, 2025 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
by The Associated Press | Jan 8, 2025 | Commercial & Industrial, CR Daily, Industry News, NEFMA Awards, Westchester News
The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their competitors to boost profits.
by The Associated Press | Jan 6, 2025 | Banking & Lending, Digital Edition, Industry News, NEFMA Awards, Westchester News
The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate.
by The Associated Press | Jan 2, 2025 | CR Daily, Industry News, NEFMA Awards, People, Residential, Residential Real Estate, Westchester News
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages.
by The Associated Press | Dec 24, 2024 | Banking & Lending, CR Daily, Digital Edition, Industry News, NEFMA Awards, Westchester News
A recent survey shows small business owners are feeling more optimistic about the economy following the election.
by The Associated Press | Dec 23, 2024 | CR Daily, Industry News, NEFMA Awards, People, Residential, Residential Real Estate, Westchester News
The Container Store has filed for bankruptcy protection as the storage and organizational goods retailer with roots dating back to the 1970s grapples with mounting losses and cash flow shortages.
by The Associated Press | Dec 19, 2024 | Banking & Lending, CR Daily, Industry News, NEFMA Awards, Westchester News
As expected, the central bank made a quarter-point cut in its benchmark interest rate Wednesday, but signaled fewer cuts in 2025 than previously predicted.
by The Associated Press | Dec 17, 2024 | Banking & Lending, CR Daily, Industry News
Americans hoping for lower borrowing costs for homes and investments may be disappointed after this week’s Federal Reserve meeting.
by The Associated Press | Dec 12, 2024 | Banking & Lending, CR Daily, Industry News
President Joe Biden had called the fees, which can be as high as $35, “exploitative,” while the banking industry has lobbied extensively to keep the existing fee structures in place.
by The Associated Press | Dec 4, 2024 | Banking & Lending, CR Daily, Industry News
A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view.
by The Associated Press | Nov 21, 2024 | Banking & Lending, CR Daily, Industry News
Several surprisingly strong economic reports, combined with President-elect Donald Trump’s policy proposals, have led to a decidedly more cautious tone from the Fed.
by The Associated Press | Nov 15, 2024 | Uncategorized
Chair Jerome Powell said Thursday that the Federal Reserve will now only cut its key interest rate slowly and deliberately in the coming months.
by The Associated Press | Nov 13, 2024 | CR Daily, Industry News, Residential Real Estate
The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates, but his policies could do the opposite, some analysts say.
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