OCC: First and Second Quarter 2023 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA. Public comments should…
FEMA: President Biden Approves McDowell County, West Virginia Disaster Declaration
FEMA announced that federal disaster assistance has been made available to the state of West Virginia to supplement local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from July 12-13, 2022. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for…
FEMA: President Biden Approves Fayette County, West Virginia Disaster Declaration
FEMA announced that federal disaster assistance has been made available to the state of West Virginia to supplement local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from Aug. 14-15, 2022. Federal funding is available to state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis…
Census Bureau: 2021 Rental Housing Finance Survey Summary Tables Released
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) today released new summary tables for the 2021 Rental Housing Finance Survey (RHFS). The RHFS provides measures of financial, mortgage and property characteristics of U.S. residential properties with at least one housing rental unit. It is the only data source that provides a comprehensive…
Census Bureau: Household Pulse Survey Phase 3.6 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.6 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and state…
HUD and Census Bureau: 2021 Rental Housing Finance Survey Findings Released
Survey Finds Nearly Half of Rental Units are in Properties with Four or Fewer Units Of the 49.5 million rental housing units in the U.S., nearly 46 percent are located in rental properties of one-to-four units, according to the latest Rental Housing Finance Survey (RHFS) data released today by the U.S. Department of Housing and Urban Development…
HUD: First-Ever Tribal Intergovernmental Advisory Committee Announced
Announcement precedes 2022 White House Tribal Nations Summit on the progress made to strengthen Nation-to-Nation relationships and invest record levels of resources in Tribal communities Today, the U.S. Department of Housing and Urban Development (HUD) announced the members of the first-ever Tribal Intergovernmental Advisory Committee (TIAC). HUD Secretary Marcia L. Fudge is launching the committee…
FHFA: U.S. House Prices Rose 12.4 Percent Over the Last Year; Up 0.1 Percent from the Second Quarter 2022
U.S. house prices rose 12.4 percent from the third quarter of 2021 to the third quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 0.1 percent compared to the second quarter of 2022. FHFA’s seasonally adjusted monthly index for September was up 0.1 percent from August. “House prices were flat for the third…
FHFA: Conforming Loan Limits for 2023 Announced
Baseline Conforming Loan Limit Will Increase to $726,200 The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In most of the United States, the 2023 CLL value for one-unit properties will be $726,200, an increase of…
ABA: New Campaign Seeks to Educate Holiday Shoppers About Scams
Banking Industry Ramps Up Efforts to Empower Consumers to Spot Scams With the holidays in full swing, the American Bankers Association and member banks across the country are stepping up efforts to educate consumers on the threat of scams and how to protect themselves this holiday shopping season. Scammers are taking advantage of the holidays…