Check out market updates

LIBOR Replacements; Mortgage Rates and Tax Reform

Posted To: Pipeline Press

When I grow up I want a million-dollar house! Tight inventories, costs, and appreciation have created an increase of houses worth seven figures – the number has quadrupled in fifteen years. (Builder reasons? Higher profits & profit margins and building & labor costs, to name a few.) There probably aren’t too many of those that are impacted by the CRA program (Community Reinvestment Act) – bankers should know that regulators are working on “revamping” the program . Capital Markets – What is Moving Rates Higher? For anyone anxious about Libor’s replacement, the Fed announced three new reference rates banks can use instead of Libor, as that index is scheduled to be phased out in 2021. The new indices are based on overnight repurchase agreement (repo) transactions that are secured by Treasuries…(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.