Census Bureau: Household Pulse Survey Phase 3.3 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.3 of the experimental Household Pulse Survey (HPS). The HPS is now a monthly release as current changes in data no longer warrant a biweekly data collection, and we work to reduce respondent burden. This phase includes updated vaccination questions that expand response options…
HUD: FHA Single Family Title II Forward and Home Equity Conversion Mortgage Loan Limits for 2022 Announced
The Federal Housing Administration (FHA) on Tuesday announced new loan limits for calendar year 2022 for its Single Family Title II forward and Home Equity Conversion (reverse) Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year resulting from robust house price appreciation, which is factored into the…
HUD: $41 Million Awarded in HOPWA Grants to Provide Housing to Low-Income Persons Living with HIV and Their Families
The U.S. Department of Housing and Urban Development’s (HUD) Office of HIV/AIDS Housing today announced it will award $41 million in Housing Opportunities for Persons With AIDS (HOPWA) competitive grants to 20 local governments and non-profit organizations through the HOPWA: Housing as an Intervention to Fight AIDS funding opportunity. “The importance of affordable housing and…
CFPB: New Research Shows Banks’ Deep Dependence on Overdraft Fees
Overdraft and Non-Sufficient Fund Penalties Made up Two-Third of Reported Fee Revenue Banks continue to rely heavily on overdraft and non-sufficient funds (NSF) revenue, which reached an estimated $15.47 billion in 2019, according to research released today by the Consumer Financial Protection Bureau (CFPB). Three banks—JPMorgan Chase, Wells Fargo, and Bank of America—brought in 44%…
Census Bureau: Experimental 2020 American Community Survey 1-Year Data Released
The U.S. Census Bureau today released experimental 1-year estimates from the American Community Survey (ACS), one of the nation’s most comprehensive sources of population and housing information about the United States. The experimental data cover a limited number of topics for the nation, all 50 states and the District of Columbia. A technical report, blog and 1-Year Public Use Microdata…
FHFA: U.S. House Prices Rise 18.5 Percent Over the Last Year; Up 4.2 Percent from the Second Quarter 2021
U.S. house prices rose 18.5 percent from the third quarter of 2020 to the third quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.2 percent compared to the second quarter of 2021. FHFA’s seasonally adjusted monthly index for September was up 0.9 percent from August. “House price appreciation reached its…
FHFA: Conforming Loan Limits for 2022 Announced
Baseline Conforming Loan Limit Will Increase to $647,200 The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from…
FDIC: CRA Examination Schedules for First Quarter 2022 and Second Quarter 2022 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter 2022 and second quarter 2022. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter….
HUD: $10 Million Awarded to Boost Self-Help Homeownership Housing Opportunities
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $10 million in Self-Help Homeownership Opportunity Program (SHOP) grants. The funds awarded will support three national and regional organizations in facilitating innovative homeownership opportunities to communities, especially low-income communities, through the provision of self-help housing. Three national and regional groups were…
FHFA: Deemed-Issuance Ratio for 2022 Regarding Uniform Mortgage-Backed Securities Announced
The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2022 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately delivered to the purchaser until the bonds have been disposed of, regardless…