FDIC: FFIEC Launches New Industry Outreach Website
Printable Format: FIL-40-2017 – PDF (PDF Help) Summary: The Federal Financial Institutions Examination Council (FFIEC) launched a new Industry Outreach website for financial institutions, trade associations, third-party providers, and consultants. Statement of Applicability to Institutions with Total Assets Under $1 Billion: This FIL applies to all FDIC-supervised financial institutions. Highlights: The FFIEC launched a new…
Census Bureau: 2015 Rental Housing Finance Survey Available
The 2015 Rental Housing Finance Survey (RHFS) are now available on census.gov. This survey provides measures of financial, mortgage, and property characteristics of rental housing properties in the United States. Statistics include property, residential structure(s), and mortgage characteristics, ownership status, commercial use of space and benefits received. Internet address: <https://www.census.gov/programs-surveys/rhfs.html>.
FHFA: Index Shows Mortgage Rates Increased in June 2017
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from May to June, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.00 percent for loans closed in late June, up 13 basis points from 3.87…
CFPB: Three Tools to Help Your Homebuying Process
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on…
ABA: National Judges Selected for 2017 Top Banks in Corporate Social Responsibility
WASHINGTON — The American Bankers Association Foundation has announced the national experts responsible for judging the 2017 Community Commitment Awards. The awards program celebrates the innovative and high impact contributions banks of all sizes make to their communities. The 2017 award winners will be recognized at ABA’s Annual Convention in Chicago, Oct. 15-17. The awards…
FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today issued a Credit Risk Transfer Progress Report updating the status and volume of credit risk transfer transactions through the first quarter of 2017. The Report gives a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a portion of credit risk to…
CFPB: Don’t Let Marketers Tell You How to Age in Place
We often hear that older Americans want to “age in place.” Aging in place means living at home in the community, rather than in an institutional setting, like a nursing facility. This is the choice most people want to make even if they need services and support to do so. With over ten thousand people…
ABA: Statement on House Vote on Arbitration Rule a Win for Consumers
By Rob Nichols, ABA president and CEO “We applaud members of the House for taking a stand on behalf of consumers by voting to overturn the CFPB’s arbitration rule. Today’s action is critical to ensuring the Bureau doesn’t provide trial lawyers with a regulatory windfall at consumers’ expense. “In class-action lawsuits, the spoils go…
FHFA: House Price Index Up 0.4 Percent in May
Washington, D.C. – U.S. house prices rose in May, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.7 percent increase in April was revised downward to reflect a 0.6 percent increase. The FHFA monthly HPI is calculated using…