Elizabeth Duke News
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on May 1.
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Federal Reserve Governor Elizabeth Duke said new mortgage regulation may inhibit lending to borrowers with low credit scores even amid a rebound in the housing market.
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Jim Brown, owner of JWB Properties LLC, says community banks called him almost every day in 2006 trying to lend him money. Now, his homebuilding business in Atlanta can’t get a loan.
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Federal Reserve Governor Elizabeth Duke said the U.S. economy is strengthening as credit conditions improve in most areas except the mortgage market.
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Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on March 20.
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Federal Reserve Governor Elizabeth Duke said the improving housing market shows that the central bank’s $85 billion in monthly purchases are working to boost the economy.
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Federal Reserve Governor Elizabeth Duke said U.S. community banks are poised to benefit from stronger loan demand and an eventual rise in interest rates as the U.S. expansion gains strength.
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New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth.
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Federal Reserve Governor Elizabeth Duke said pending bank regulations may “seriously” impair mortgage lending by community banks, which play a “significant” role in the market for home loans.
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European Union banks will be forced to boost capital, disclose more information on their activities than ever before, and face tougher scrutiny of how they measure risks, after lawmakers formally endorsed a law to overhaul the bloc’s financial rulebook.
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