HUD and Census Bureau: Residential Construction Activity in July 2019 Report Issued

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for July 2019. Building Permits Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,336,000. This is 8.4 percent […]

FHFA: Results Announced for Fannie Mae and Freddie Mac Dodd-Frank Stress Tests

The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).  The Dodd-Frank Act requires certain financial institutions with more […]

ABA: New Report Examines Banks’ Use of Social Media

87 percent report active social media engagement ​More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of […]

ABA: Report Shows Credit Card Market Moderated in First Quarter 2019

Credit card use moderated in the first quarter of 2019, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, seasonally adjusted purchase volumes declined across risk tiers. Compared to year-ago levels, purchase volumes rose among super-prime (+5.2 percent) and subprime (+4.3 percent) […]

FDIC: Annual Publication Examines Potential Credit and Market Risks

The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to financial institutions, policymakers, analysts, and regulators.  “The FDIC is committed to transparency and accountability, and the publication of our 2019 […]

Census Bureau: Schedule Released for 2018 American Community Survey Results

The U.S. Census Bureau’s schedule for the release of the 2018 American Community Survey data is as follows:  Thursday, Sept. 26, 2019 (embargo begins at 10 a.m. EDT, Sept. 24) 2018 American Community Survey — Statistics on numerous demographic, social, economic and housing characteristics, including language spoken at home, educational attainment, commute to […]

FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year

U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.4 percent increase for April 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages […]

CFPB: Report on Third-Party Debt Collections Released

The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors. Today’s report, which covers 2004 to 2018, is drawn from the Bureau’s Consumer Credit Panel (CCP), a nationally […]