FHLB & Warehouse Lines; U.S. Rates Drop; CFPB to Audit Executive Pay

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Posted To: Pipeline Press

I doubt the average U.S. household is sitting around worrying about interest rates. It's probably more like earthquake preparedness than anything; California residents have been told the "big one" is coming for dozens of years, that it's a statistical certainty in the long run. However, I believe very few homes in that state have anything more than a box with a few expired soup cans in it as a survival stash. In a similar vein Wells Fargo asks the question, Are Households Prepared for Higher Interest Rates? By "prepared," in essence, they ask the question whether or not home owners have over-leveraged themselves into sensitivity. "Healthy household balance sheets, critical to growth in consumer spending, should be poised to absorb rate increases due to stronger underlying fundamentals and a...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/06292015-cfpb-executive-pay.aspx

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