Ability to repay a mortgage: Assessing the relationship between default, debt-to-income
The Consumer Financial Protection Bureau has announced that it intends to change the definition of a “qualified mortgage.” Specifically, the CFPB proposes to reconsider the use of a borrower's debt-to-income ratio as a measure of the ability to repay a loan.
March 24, 2020
The long road to housing finance reform: 'Are we there yet?'
Over the past decade, broad-based legislative reforms for housing finance have proven elusive. However, reflecting lessons from the financial crisis, a political consensus has emerged on how Fannie Mae and Freddie Mac should operate.
February 04, 2020
After the bust, the long road to housing finance reform
The Treasury recently released a plan proposing several administrative and legislative changes aimed at returning Fannie Mae and Freddie Mac to the private sector after more than a decade of federal control.
January 14, 2020
Southwest Economy, Fourth Quarter 2019
Spotlight: Banks Face Growing Cybercrime Threat
Cybercrime is on the rise in the Eleventh District according to FBI data.
December 30, 2019
Economic policy uncertainty emerges as drag on stock market
Over the past two years, virtually all of the downside pressure on stock prices has come from the elevated levels of such uncertainty.
November 19, 2019
Corporate indebtedness: Improving financial stability monitoring
U.S. nonfinancial corporate credit has been identified as an area where growth in the quantity of debt and deterioration in the quality of underwriting could be a source of concern.
May 23, 2019
Three macroeconomic factors to watch in equity markets
Machine learning has helped make music playlist recommendations, facilitated self-driving cars and even interpreted patients’ medical test results.
May 14, 2019
Corporate debt as a potential amplifier in a slowdown
In his latest essay, posted on Dallas Fed Economics, President Rob Kaplan focuses on trends in corporate debt growth and credit quality in the U.S. and discusses potential implications for economic conditions and financial stability.
March 05, 2019
Inverted yield curve (nearly always) signals tight monetary policy, rising unemployment
With long-term interest rates falling and short-term rates rising, there has been increasing talk of a possible yield-curve inversion and speculation about what an inversion might mean for the U.S. economy.
February 12, 2019