Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Inside Washington (08/15/2008)
* WASHINGTON (8/18/08)--The Community Development Financial Institutions (CDFI) Fund is offering application tutorials through webcasts for individuals unable to attend in-person application workshops ... * WASHINGTON (8/18/08)--The “too big to fail” problem has gotten worse, Gary Stern, president of the Minneapolis Federal Reserve Bank and voting member of the Federal Open Market Committee, said in a speech Thursday. “Too big to fail” refers to large banks with fewer incentives to practice business soundly because they expect to be bailed out in the event of a failure (MarketWatch Aug. 14). Regulators need to limit spillovers from the failure of a systematically important institution through stress tests, Stern said. They also should rely on indicators such as subordinated credit spreads, or credit default spreads, instead of a bank’s asset value ... * WASHINGTON (8/18/08)--The Federal Deposit Insurance Corp. (FDIC) is set to release its Quarterly Banking Profile with second-quarter earnings for banks and thrifts Aug. 26 (American Banker Aug. 15). The FDIC reported in May first-quarter net income for banks and thrifts at $19.3 billion, down 46% from a year earlier. The profile will also include a list of “problem banks.” In the first quarter, 90 banks and thrifts were on the list ... * WASHINGTON (8/18/08)--Newly originated loans to borrowers in “high cost” areas as defined in the Housing and Economic Recovery Act of 2008 will qualify for incorporation into To-Be-Announced (TBA) eligible mortgage-backed securities, the Securities Industry and Financial Markets Association (SIFMA) announced Thursday. Higher balance loans may comprise 10% of the total balance of a pool eligible for TBA delivery to minimize liquidity disruption in the market, SIFMA said. The association also recommends that higher-balance mortgages be pooled separately ...

RSS print
News Now LiveWire
Another state will probe the Experian data breach; learn more in tomorrow's edition of #NewsNow #CUNA #creditunions
11 hours ago
Canada's @Vancity to support phase 3 of @WOCCU's Build the Brand
11 hours ago
Yesterday, #creditunions across the country encouraged members to #gogreen on #EarthDay #greenliving
14 hours ago
As ticket prices for sporting events soar, #creditunions are pitching in to drive down costs for members
16 hours ago
Shodair Children's Hospital in MT receives #NCUF @BizKidsTV, thanks to @mtcus4you
16 hours ago