The Federal Reserve System is the third central banking system in United States history. The First Bank of the United States (1791-1811) and the Second Bank of the United States (1817-1836) each had a 20-year charter. Both banks issued currency, made commercial loans, accepted deposits, purchased securities, maintained multiple branches and acted as fiscal agents for the U.S. Treasury.
VA owes disabled veterans refunds on home loan fees, report says.June 6, 2019 3:21 pm Federal VA, National, News; The federal government owes at least $189 million to 53,000 disabled veterans who overpaid on their home loans, the department’s inspector general found..
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On Mondays, Rogan’s List features a listing of proposed rule and regulation changes that are currently accepting public comment. Commenting is the way to show government agencies how we feel about these proposed changes. Our comments also become part of a record that will be reviewed by courts if and when a reg change is contested.
5 Things First-Time Home Buyers Must Know · We go over a list of 5 things first time home buyers NEED to know. Follow the link to visit our blog for more information on this topic and to start your home search.
Banks have begun cutting mortgage rates after the Reserve Bank reduced its key interest rate today for the first time in more than two years. It’s good news for borrowers but those with savings in.
The surprise cut in the Official Cash Rate (OCR) to 1 percent from a previous low of 1.5 percent set in May had an immediate impact on the housing market with mortgage rates falling while the New Zealand dollar dropped to US64.35 cents. Many analysts had tipped a 25 basis point cut.
The Federal Reserve cut interest rates by 25bp on Wednesday and said it would end to its effort to shrink its balance sheet ahead of schedule, with Federal Reserve Chairman Jerome Powell citing trade tensions, low global growth and low inflation as the main reasons behind the move.
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