The FSR and ABA support a plan by the Federal Reserve Board to move the deadline for annual stress testing and capital planning exercises from December 31 to March 31. The letter also encourages the Federal Reserve to adapt its current approach to allow for capital planning changes when required by evolving market conditions.
In a letter sent to the U.S. Department of the Treasury Secretary Jacob Lew today, the FSR’s Housing Policy Council urged the Department’s officials to take steps that rebuild trust among Private Label Securities market participants so the market can reopen.
The Housing Policy Council supports a housing finance system that is based upon three segments. The dominant segment would be conforming mortgage loans that are backed by private capital and private mortgage insurance and carry a catastrophic federal guarantee when securitized.
As I’ve blogged in the past, the U.S. Department of Education (DOE) – apparently now part of the growing ranks of federal banking regulators – is in the process of preparing a rule intended to make it extremely difficult for a financial institution to have any sort of business arrangement with a college or university.
On today's episode: GOP messaging for the midterms, the border crisis, Obama's executive overreach, and the Fed's new monetary policy.