Author Archives: Kerry O'Leary

Women Rising

Three female banking executives share how they have learned, grown and been inspired in their careers.

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Leading a Legacy

Emerging banking leader Emily Gray talks perseverance, focus and the mentor who helped her pave her path.

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Fed Weighs 2018 Rate Hikes Against New Tax Law

The Federal Open Market Committee said it expects economic growth from the new tax legislation but was unsure about the pace of growth in deciding when and how many times to raise rates this year, according to minutes following the FOMC’s Dec. 12-13, 2017, meeting. During the meeting, the committee decided to raise the target federal funds rate 25 basis ...

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FHFA: GSEs Sold Over 82,000 Nonperforming Loans Since 2014

Fannie Mae and Freddie Mac have sold 82,359 nonperforming loans as of June 30, 2017, with a total unpaid balance of $16 billion, according to the fourth Non-Performing Loan Sales Report released today by the Federal Housing Finance Agency. On average, the NPLs had a delinquency of 3.3 years and an average current loan-to-value ratio of 97 percent. Nearly half (47 ...

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FHFA Increases Conforming Loan Limits for 2018

The Federal Housing Finance Agency said yesterday that it will raise the maximum conforming loan limits for mortgages Fannie Mae and Freddie Mac purchase in 2017 from $424,000 to $453,100. The announcement marks the second time FHFA has increased the baseline loan limit since 2006. The first increase was in 2017. In high-cost areas, such as Los Angeles, New York, ...

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OCC: Mortgage Performance Improved Year-on-Year

The share of current and performing first-lien mortgages rose to 95.4 percent for the second quarter, up from 94.7 percent a year earlier, according to the Mortgage Metrics Report released today by the OCC. The report is generated from data from seven large national banks representing 35 percent of all outstanding residential mortgages. Foreclosure activity declined from the first quarter, ...

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OCC: Trading Revenue Down in Q2

Commercial banks reported total trading revenue of $6.7 billion in the second quarter of 2017, down 4.9 percent from the first quarter but up 4.5 percent from a year prior, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today. The quarter-on-quarter decline reflects a persistent seasonal trend. The net current credit exposure was up by ...

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