Dallas Fed Economics
Fed’s mortgage-backed securities purchases sought calm, accommodation during pandemic
We explore the Federal Reserve’s purchases of agency MBS—mortgage bonds guaranteed by Ginnie Mae, Fannie Mae and Freddie Mac—and related market dynamics during the pandemic, including why mortgage rates fell to historic lows.
August 26, 2021
Economic Surveys
Banking Conditions Survey
Respondents in the Eleventh District financial sector were given an opportunity to comment on current issues that may be affecting their business.
August 23, 2021
Economic Surveys
Banking Conditions Survey
Respondents in the Eleventh District financial sector were given an opportunity to comment on current issues that may be affecting their business.
June 28, 2021
Dallas Fed Economics
The Paycheck Protection Program: Conditional Success or Unconditional Failure?
The Paycheck Protection Program, a key provision of the CARES Act, sought to stabilize small business finances and maintain employment.
June 22, 2021
Southwest Economy
Banks face new challenges as Texas rebounds from COVID-19 shock
The banking industry faced significant challenges from the COVID-19 pandemic in 2020, with profitability declining to levels not seen since the 2008–09 financial crisis.
June 18, 2021
Economic Surveys
Banking Conditions Survey
Respondents in the Eleventh District financial sector were given an opportunity to comment on current issues that may be affecting their business.
May 17, 2021
Dallas Fed Economics
Private subprime mortgages challenged FHA during 2000s housing boom
Considerable research has been devoted to better understanding the meteoric rise of the PLS subprime mortgage market in the early-to-mid 2000s. But an important aspect has been largely ignored: The simultaneous decline in mortgage originations with Federal Housing Administration (FHA) insurance.
May 11, 2021
Economic Surveys
Banking Conditions Survey
Respondents in the Eleventh District financial sector were given an opportunity to comment on current issues that may be affecting their business.
March 29, 2021
Optimal Bailouts in Banking and Sovereign Crises
This paper finds that larger bailouts relax financial frictions and increase output but increase fiscal needs and default risk.
February 27, 2021
Dallas Fed Economics
Energy financing trends consistent with renewables’ growth
Equity markets appear to favor renewable-energy producers relative to their hydrocarbon counterparts. However, the relatively smaller size of many renewables projects complicates direct comparisons of bank lending to hydrocarbon and renewable entities.
February 23, 2021