The mortgage and housing industry’s wish list for revisions to the latest Basel proposal includes requests for change to the rule set’s loan-to-value ratio and rental-property distinctions. Processing Content Part of the proposal calls for risk weights to “rise as high as 110% for loans with LTVs above 100%” when “repayment depends on rental income,” […]
Some want Basel changes for certain non-QM and HLTV loans Read More »
Key insight: Former Federal Deposit Insurance Corp. Chair William Isaac died Friday at age 82 from complications related to Lewy body dementia, just days after announcing his retirement from Sarasota Private Trust. Supporting data: Appointed to the FDIC board in 1978 and later named chairman by President Ronald Reagan, Isaac was the youngest person to
Former FDIC Chair William Isaac Dies at 82 Read More »
Alan Greenspan, one of the most consequential chairs of the Federal Reserve who transformed the central bank into a more market-friendly, talkative central bank and who himself became a pop-culture fixture due to his dispassionate, arcane public persona but who also missed the growing imbalances in the housing market that led to the worst financial
Alan Greenspan, former Fed chair who defined an era, dies Read More »