In a related action, the Board of Governors approved a 50 basis point
reduction in the discount rate to 5 percent.
08 percent--up 7 basis points
from the first quarter and up 49 basis points
from a year earlier on a non-seasonally adjusted basis.
Vacancy in the third quarter fell by 20 basis points
and, at 5.
Treasury and federal agency securities transferred via Fedwire each year, however (roughly $14 million in charges at the current 15 basis point
fee versus $145 trillion of securities transfers in 1994), the incremental effect of any fees ultimately passed on to the securities market would be small.
84 percent of all loans outstanding in the first quarter of 2007--the most recent numbers available--on a seasonally adjusted basis, down 11 basis points
from the fourth quarter of 2006 and up 43 basis points
from one year ago.
19 percent of all loans outstanding at the end of the fourth quarter, an increase of 14 basis points
from the third quarter of 2006, while the seasonally adjusted rate of loans entering the foreclosure process was 0.
67 percent of all loans outstanding in the third quarter of 2006 on a seasonally adjusted (SA) basis, up 28 basis points
from the second quarter and up 23 basis points
from the same time the previous year.
Among subprime loans, the percentage of loans in foreclosure increased 1 basis point
over the year.
Since the third quarter of 2005, the foreclosure inventory percentage increased 1 basis point
for prime loans, 2 basis points
for subprime loans and 9 basis points
for FHA loans, while the percentage for VA loans decreased 6 basis points
The one basis point
increase is due to more loans became newly delinquent this month than dropped out of the delinquent universe due to loans becoming less than 60-days delinquent, being paid off, defeased, or liquidated.
In addition, the foreclosure inventory percentage declined from last quarter among all loan types except for subprime--down 1 basis point
for prime loans, 4 basis points
for FHA loans, 6 basis points
for VA loans and up 2 basis points
for subprime loans.
39 percent in the second quarter, down 3 basis points
from the previous quarter and down 1 basis point
from a year earlier.
Meanwhile, Trepp LLC, New York, said its CMBS delinquency rate calculation inched lower in April, falling a single basis point
Insiders indicated that the lending rate offered by Chinese banks to large enterprises is usually based on LIBOR plus 400-500 basis points
(I basis point
In partnership with five Tacoma car dealerships the credit union offered a 50 basis points
discount for 20% down, a 25 basis point
discount for having a TAPCO checking account, a 25 basis point
discount for automatic payment from a TAPCO account, a 75 basis point
discount for its Sweetheart Sale promotion and a 50 basis point
discount for buying from a participating dealer.