Key Insight: Federal Reserve Vice Chair for Supervision Michelle Bowman highlighted upcoming changes to the global systemically important bank surcharge and Basel III endgame implementation rule, which primarily focus on adjusting input parameters and certain risk weighting mechanisms rather than overall capital levels. Expert quote: “These changes to the capital framework eliminate overlapping requirements, right-size […]

Foreclosure activity continues to trend up nationwide, although it’s slowed to start the year. Processing Content The 38,840 properties across the country last month with either default notices, scheduled auctions or bank repossessions was down 4% from January, according to property analytics firm Attom. Those foreclosures, which represent 1 in every 3,701 housing units, are

New US residential construction improved for a third straight month to the fastest pace in nearly a year, boosted by multifamily projects.   Processing Content Housing starts increased 7.2% to an annual pace of 1.49 million homes in January, according to government figures out Thursday. The pace of home starts was above all estimates in