News Centre

ICE First Look At Mortgage Performance: Mortgage Delinquencies Remain Low Despite Modest Year-Over-Year Rise

Date 25/09/2024

• The national delinquency rate fell 3 basis points (bps) to 3.34% in August, dropping 0.9% for the month but up 5.1% from last year
• The number of borrowers a single payment past due dropped by -26K, while 60-day delinquencies rose marginally by 1K
• Serious delinquencies (loans 90+ days past due but not in active foreclosure) rose 14K (+3.3%) to a six-month high, but remain historically low
• Foreclosure starts fell by 9% from the month prior and remain 32% below their 2019 levels
• Active foreclosure inventory also improved in the month, with the share of mortgages in foreclosure hitting the second-lowest level on record outside of the COVID-19 moratorium
• 5.6K foreclosure sales were completed nationally in August – a +2.6% month-over-month increase, yet down -18.1% from last year and 58% below 2019 levels
• Prepayment activity (SMM) rose to 0.62% – a level not seen in two years (August 2022) – on easing rates, rising by 4.7% from July and 18.0% from last year

CFTC Staff Extends No-Action Position For Certain Reporting Obligations Under The Ownership And Control Reports Final Rule

Date 25/09/2024

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a no-action letter that extends the current no-action position for reporting obligations under the ownership and control reports final rule (OCR Final Rule). The OCR Final Rule, approved in 2013, requires the electronic submission of trader identification and market participant data for special accounts and volume threshold accounts through Form 102 and Form 40.

CFTC Swaps Report Update

Date 25/09/2024

The Weekly Swaps Report is released every Monday at 3:30 p.m. ET. The CFTC has released next week's report (September 30, 2024), today Wednesday, September 25, 2024. The next report will be released on Monday, October 7, 2024, resuming the weekly release schedule.

Acting Comptroller, US Office Of The Comptroller Of the Currency Discusses Financial Inclusion

Date 25/09/2024

Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of financial inclusion in remarks at the Inclusive Finance for Development: 15 Years of Impact event in New York City hosted by United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development.

Expanded Opening And Intra-Day Quote Width Requirements And Order Monitor Settings For Certain Symbols Trading On MIAX Options And MIAX Emerald Options Through Tuesday, December 31, 2024

Date 25/09/2024

MIAX Options and MIAX Emerald Options have increased the maximum valid bid/ask differentials for Market Makers for certain symbols traded on the Exchanges. The current Market Maker extended quote width requirements will remain in effect for an expanded period through Tuesday, December 31, 2024, unless withdrawn by the Exchange before that time.

Finansinspektionen: Two Expert Reports On Macroprudential Policy Measures

Date 25/09/2024

Amortisation requirements, the LTI ratio, and the LTV cap are macroprudential policy tools that are used in Sweden and many other countries. But what are the potential effects of these borrower-based measures? To answer to this question, Finansinspektionen commissioned two expert reports on the topic.

SIFMA Testimony At House Subcommittee Highlights Importance Of Capital Markets, Need To Appropriately Balance New Capital Requirements

Date 25/09/2024

In testimony today, SIFMA president and CEO Kenneth E. Bentsen, Jr. discussed bank capital requirements and the significant impact on the vibrancy of our capital markets and the strength of the broader economy.

Ontario Securities Commission Research Finds AI-Enhanced Scams Pose Significant Risk To Investors

Date 25/09/2024

The Ontario Securities Commission (OSC) today released Artificial Intelligence and Retail Investing: Scams and Effective Countermeasures that found AI-enhanced scams pose significantly more risk to investors compared to conventional scams.

Remarks By Deputy Secretary Of The US Treasury Wally Adeyemo On Voluntary Carbon Markets

Date 25/09/2024

Thank you, Annette, for the kind introduction. And let me thank the Global Carbon Market Utility, the Integrity Council for the Voluntary Carbon Market (IC-VCM), and the Voluntary Carbon Markets Integrity Initiative for hosting me and this event today.

SIFMA And SIFMA AMG Publish Master Treasury Securities Clearing Agreement

Date 25/09/2024

SIFMA and SIFMA’s Asset Management Group (SIFMA AMG) today published the “2024 SIFMA Master Treasury Securities Clearing Agreement:  Done-With” and the Schedule to the Agreement to allow market participants, in connection with the expansion of clearing in the Treasury market, to meet their clearing documentation needs efficiently.  As a result of the SEC’s rule to require a significant portion of the Treasury cash and repo market to be cleared, many market participants will need to make appropriate arrangements to have their Treasury securities transactions cleared.  The SEC’s requirement is set to be fully implemented by June 2026.