Mortgage and Real Estate News

Tomato Scare Has Shoppers Changing Habits

By admin | July 18, 2008

Nearly half of Americans are concerned about eating contaminated food and are avoiding items they normally would buy, a new poll says.

Topics: Uncategorized | No Comments »

Taste Tests Show Generics Match Name Brands

By admin | July 17, 2008

Can kids tell the difference between name brand foods and generic items? The experts say it's a matter of spice.

Topics: Uncategorized | No Comments »

Regulators Raid Wachovia HQ In St. Louis

By admin | July 17, 2008

Securities regulators raid the St. Louis headquarters of Wachovia Securities, seeking documents and records on the company's sales practices.

Topics: Uncategorized | No Comments »

Pilots Accuse Airline Of Pressure To Cut Fuel

By admin | July 17, 2008

The US Airways pilots union is accusing the airline of pressuring pilots to use less fuel than they feel is safe in order to save money.

Topics: Uncategorized | No Comments »

Bernanke Says Freddie, Fannie Still Alive

By admin | July 16, 2008

Fed Chairman Ben Bernanke says mortgage giants Freddie Mac and Fannie Mae are not on their last leg.

Topics: Uncategorized | No Comments »

More People Borrowing From Retirement Stash

By admin | July 16, 2008

A new study shows that more people are dipping into their retirement savings to cover difficult financial times.

Topics: Uncategorized | No Comments »

Energy Costs Send Consumer Prices Soaring

By admin | July 16, 2008

U.S. consumer prices grow at the second strongest pace in 26 years in June, the Labor Department says Wednesday.

Topics: Uncategorized | No Comments »

Fuel Prices Shut Down ExpressJet

By admin | July 16, 2008

ExpressJet airlines has announced that it will shut down branded flights in September due to high gas prices.

Topics: Uncategorized | No Comments »

Federal Banking and Thrift Agencies Issue Final Guidance on Supervisory Review Process

By admin | July 15, 2008

The federal banking and thrift agencies today issued final guidance outlining the supervisory review process for banking organizations implementing the new advanced capital adequacy framework known as Basel II. The final guidance relating to supervisory review is aimed at helping banking organizations meet certain qualification requirements in the advanced approaches rule, which took effect April 1.

The advanced approaches rule consists of three pillars: minimum risk-based capital requirements (Pillar 1); supervisory review of capital adequacy (Pillar 2); and market discipline through enhanced public disclosures (Pillar 3). The final Pillar 2 guidance details the agencies’ standards for ensuring that each institution subject to the advanced approaches rule has a rigorous process for assessing its overall capital adequacy in relation to its risk profile and a comprehensive strategy for maintaining appropriate capital levels.

Although the guidance does not differ significantly from the proposed Pillar 2 guidance issued in February 2007, the agencies made some enhancements based on comments received and in consideration of key lessons from the events of the past year. The Pillar 2 guidance is being issued by the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision. The effective date of the Pillar 2 guidance is 30 days following its publication in the Federal Register, which is expected shortly. The final Pillar 2 guidance is attached.

2008 Banking and Consumer Regulatory Policy