July 30, 2014
- The Federal Reserve decides to taper another another $10 million in bond purchases.
- *The central bank cut its monthly asset purchases to $25 billion from $35 billion, leaving it on course to shutter the program this fall. KIM RUPERT, MANAGING DIRECTOR AT ACTION ECONOMICS IN SAN FRANCISCO:. OMER ESINER, CHIEF MARKET STRATEGIST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON:.
- NEW YORK, July 30- Last-ditch efforts by Argentina's local banking association Adeba to act as a white knight in talks with creditors has raised hopes the country can avoid a second default in 13 years. By having banks satisfy such claims instead of Argentina, the government may find away around the so-called RUFO clause.
- Patrick Sinks is taking the reins at MGIC as the mortgage insurer faces tougher capital standards and a more competitive field where his company is no longer No. 1.
- WASHINGTON, July 30- The Federal Reserve on Wednesday pressed ahead with its plan to wind down its bond-buying stimulus and upgraded its assessment of the U.S. economy, while reaffirming it is in no rush to raise interest rates. The central bank cut its monthly asset purchases to $25 billion from $35 billion, leaving it on course to shutter the program this fall.
- A U.S. Court has ruled that Bank of America must pay the U.S. government $1.27 billion in a Countrywide "hustle" fraud.
Posted To: MBS CommentaryTry the NEW MBS Live for 4 weeks with no credit card required with code MBSCom-10 . This offer is good only for the first 10 users that sign up. Release Date: June 18, July 30, 2014 For immediate release Information received since the Federal Open Market Committee met in April June indicates that growth in economic activity has rebounded in recent months. the second quarter. Labor market...
- *Flows of Russian wealth to Singapore rising. *Banks in Singapore are clamping down on who they let in. New sanctions imposed by Washington and Europe over the Ukraine crisis have prompted firms such as VTB- Russia's second-largest bank by assets- and Gazprombank to look east for new sources of funding.
- "Statebridge has an experienced senior management team, developed recruiting, staffing, and retention programs, and developed loan and default administration capabilities," Fitch Ratings said.
- The legislation, sponsored by Rep. Blaine Luetkemeyer, R-Mo., would delay implementation of a provision of Basel III capital rules that establishes higher requirements on mortgage servicing rights.