Federal Reserve Board issues final rule on annual capital plans, launches 2012 review
The Federal Reserve Board on Tuesday issued a final rule requiring top-tier U.S. bank holding companies with total consolidated assets of $50 billion or more to submit annual capital plans for review.
Also, the Federal Re…
Agencies clarify supervisory and enforcement responsibilities for federal consumer financial laws
Recent Flooding Underscores Need for Disaster Planning
The recent flooding that impacted the eastern seaboard and particularly in Fairfax County underscores the need for everyone to be prepared should disaster strike. Being prepared for natural disasters—floods, hurricanes, earthquakes, and tornadoes—is the best way to protect yourself and your family. When a natural disaster is imminent, you’ll have to act quickly, so it’s […]
Study Indicates Housing Downturn Could Adversely Affect College Attendance
A study published in the October issue of the Journal of Labor Economics suggests an unexpected consequence of the housing bust: lower college attendance. The study, by Cornell economist Michael Lovenheim, finds evidence that when home values soared in the late 1990s and early 2000’s, many families borrowed against that new equity to send kids […]
Jumbo Financing Article Picked Up
Jumbo loan promo picked up in regional news site for Northern Va: MetLife Mortgage Consultant Remigio Ferrara says the time is right for a big New Year. “It’s the perfect time to to refinance or pick up that vacation property you’ve had your eye on,” says Ferrara. With real estate prices and interest rates at […]
Remigio Ferrara in Fairfax News
Picked up in the local Fairfax County News: The Vienna office of MetLife Home Loans in Tysons Corners, Virginia is proud to welcome our newest Mortgage Consultant to the MetLife Home Loans team. As an experienced mortgage professional who understands the needs of the local market, Remigio Ferrara is committed to helping Virginia, Maryland, Washington […]
SBA 504 Loans Hit Record Low Interest Rates for September
The Small Business Administration’s (SBA) 504 loan program is providing long-term, fixed rate financing for commercial real estate and the purchase of long-term capital assets at the lowest interest rates since the program’s inception. The SBA’s lending partners, Certified Development Companies (CDCs) are busy working with small business borrowers who are taking advantage of these […]
Credit quality of large loan commitments improves for second consecutive year
The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks improved in 2011 for the second consecutive year, according to the Shared National Credits (SNC) Review for 201…
Federal Reserve Board proposes phase-in period for most savings and loan holding companies to file regulatory reports
The Federal Reserve Board is proposing a two-year phase-in period for most savings and loan holding companies (SLHCs) to file Federal Reserve regulatory reports with the Board and an exemption for some SLHCs from initially filing Federal Reserv…
Board issues interim final rule establishing regulations for savings and loan holding companies
The Federal Reserve Board on Friday issued an interim final rule establishing regulations for savings and loan holding companies (SLHCs). The rule will take effect once it is published in the Federal Register, which is expected soon.
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