Newsbytes

Home Builder Confidence Rebounds in January

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 58 in January, up two points from December and rebounding from the lowest reading in three years. Home builders cited declining mortgage rates among the chief reasons for the increase. “The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment,” said NAHB Chairman Randy ...

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Kansas Ag Banker: Expanding FCS Won’t Help Rural America

Responding to a recent American Banker op-ed calling for the expansion of the Farm Credit System, Leonard Wolfe, president and chairman at United Bank and Trust in Marysville, Kan., said that any effort to do so would “fundamentally ignore the reality on the ground in agricultural lending today” and ultimately do little to help rural America. 

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Producer Prices Declined 0.2 percent in December

Producer prices declined 0.2 percent in December, seasonally adjusted, after rising 0.1 percent in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5 percent on an un-adjusted basis for the twelve months of 2018. The index for final demand goods moved down 0.4 percent in December, mirroring last month’s decline. The index for final demand energy ...

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Associations Call for Broad Collaboration on Privacy

As the National Institute of Standards and Technology works to develop a sector-wide privacy framework, ABA yesterday joined the Bank Policy Institute and SIFMA in a comment letter encouraging NIST to consider existing data privacy frameworks already in place for financial institutions and to work collaboratively with the private sector.

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Survey: Bank Investors Dispute Need for CECL

Three-quarters of bank investors disagree that change is necessary to loan loss accounting rules, while just 17 percent support a change, according to a recent survey of non-management bank investors conducted by FIG Partners.

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