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…
OCC: First and Second Quarter 2022 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 2022. The OCC encourages public comment on the national banks and federal savings associations (collective, banks) scheduled to be evaluated under the CRA. Public comments should…
Census Bureau: Small Business Pulse Survey Phase 7 Weekly Data Released
The U.S. Census Bureau today released new data from Phase 7 of the Small Business Pulse Survey (SBPS), which measures the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses. SBPS complements existing Census Bureau data by providing detailed, near real-time information on…
SBA: New Fact Sheet Details Help Provided to America’s Small Businesses in Recovering from the COVID-19 Pandemic
While the holidays may still look a little different this year, the U.S. has made significant strides to ensure Americans can safely congregate with their loved ones for the Thanksgiving holiday and take part in celebrations to shop local and small on Small Business Saturday. Last year, shoppers came together in full force to support…
HUD: $20 Million Awarded for Eviction Protection and Diversion
The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced $20 million in inaugural grants from its Eviction Protection Grant Program, the first of its kind for the Department. These grants will be awarded to legal service providers to assist in providing legal assistance to low-income tenants at risk of or subject to…
OCC: Statement Issued to Clairfy Bank Authority to Engage in Certain Cryptocurrency Activities and Authority of OCC to Charter National Trust Banks
The Office of the Comptroller of the Currency (OCC) today published a letter confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities. Shortly after taking office, Acting Comptroller Michael J. Hsu announced a review of…