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Congresswoman Maxine Waters (D-CA) has once again been selected alongside Congressman Jeb Hensarling (R-TX) to lead the House Financial Services Committee. Waters, who was unanimously reelected for the position by the Democratic Caucus, will be entering her third term as Ranking Member.
The Federal Deposit Insurance Corporation (FDIC) has released a new guide to help community bankers “learn more about grant and mortgage loan programs offered by State Housing Finance Agencies.”
The Federal Deposit Insurance Corporation (FDIC) has announced that it will host a symposium on developing youth savings on Friday, October 21, 2016. The symposium, “Learning to Save – Saving to Learn,” will unite representatives from almost 20 bank participants in the FDIC’s Youth Savings Pilot program, alongside non-profit and school partners. Participants will convene ideas for merging financial education with the opportunity to open a savings account.
The National Association of Women in Real Estate Businesses (NAWRB) would like to know presidential candidates’ plans regarding the oversight of community and local banks if they are elected.
A recent study from Financial Finesse, a California-based financial wellness company, reports that women fall short of the money they need for retirement. For the study, “Using an example of a median 45-year-old man and woman, the Think Tank looked at median incomes, deferral rates, retirement savings, life expectancies, and projected healthcare costs to determine how much each would need to save in order to replace 70 percent of their income in retirement.” Continue reading
China’s economic Great Leap Forward stands as one of the defining moments of the closing of the 20th century. Now an economic powerhouse, China and its $3.7 trillion in foreign exchange reserves are viewed by some with fear and trepidation. Others see it as an immense opportunity to create more widely shared prosperity, bring people closer together and remove barriers in the way of understanding and peace. Continue reading
In early February, we wrote about the $410 million of delinquent mortgage loans auctioned off by Freddie Mac. Well now Freddie Mac is at it again, this time selling $1 billion in delinquent loans. Similar to the previously auctioned loans, the delinquent loans are divided into three pools.
As the House Republican 2016 proposed budget was unveiled on Tuesday, there has been a great deal of opposition as well as backing for it by different parties. Depending upon whether you are a Democrat or a Republican, your feelings and beliefs about the new proposed budget will differ greatly.
Today, Freddie Mac announced its net income for 2014 which amounted to $7.7 billion, down $41 billion from the financial results of 2013.
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