OCC: Mortgage Performance Report for Second Quarter 2025 Issued
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2025. The OCC Mortgage Metrics Report, Second Quarter 2025 showed that 97.5 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
ABA: Bank Economists See Slower Growth and Persistent Inflation
The American Bankers Association’s Economic Advisory Committee expects continued slow U.S. economic growth for the remainder of 2025 and a modest pickup in 2026. The group’s latest forecast released today indicates inflation will remain stubbornly high and above the Federal Reserve’s 2% inflation target. The committee, composed of 16 chief economists from some of North…
Treasury: Major Progress in IT Modernization Initiatives Announced
The U.S. Department of the Treasury today announced significant progress across its IT modernization agenda within the IRS, underscoring its commitment to improving taxpayer services, enhancing cybersecurity, strengthening compliance, and filing season operations. To enable delivery of these objectives, Treasury has entered into a series of Blanket Purchase Agreements (BPAs) with leading technology providers. All commercial…
FDIC: Results of 2025 Summary of Deposits Annual Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2025. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 76,000 domestic offices operated by more than 4,400 FDIC-insured commercial and savings banks, savings associations, and U.S….
Census Bureau: The Cost of Homeownership Continues to Rise
The median monthly owner costs for U.S. homeowners with a mortgage increased to $2,035 in 2024 from $1,960 (inflation-adjusted) in 2023, according to new American Community Survey (ACS) 1-year estimates released today by the U.S. Census Bureau. “One way we measure housing affordability is based on how much households spend on selected costs such as mortgage payments, insurance, taxes,…
ICBA: New Analysis Shows Sharp Decreases in Small Business and Mortgge Lending Following Credit Union Acquisitions of Community Banks
The Independent Community Bankers of America (ICBA) today released the results of a new data analysis demonstrating that the growth of tax-exempt credit unions acquiring tax-paying community banks is harming small businesses and local communities while community banks outperform credit unions in high-poverty areas. In a new blog post, ICBA President and CEO Rebeca Romero Rainey details ICBA’s…
Census Bureau: Income, Poverty and Health Insurance Coverage in the United States 2024 Data Released
The U.S. Census Bureau today announced that real median household income was $83,730 in 2024, not statistically different from the 2023 estimate of $82,690. The official poverty rate fell 0.4 percentage points to 10.6% in 2024. The following 2024 findings were all not statistically different from 2023. The Supplemental Poverty Measure (SPM) rate in 2024…
CDFI Fund: Preview Released of CIMS5 Test Site and Training Resources
As the CDFI Fund prepares for the October 6, 2025, launch of the new version of the CDFI Information Mapping System (CIMS5), users are now invited to explore a test version of the system and preview its updated features. The new version of CIMS, accessed through Awards Management Information System (AMIS), will continue to allow organizations…
Census Bureau: New 2024 Educational Attainment Data Released
The U.S. Census Bureau today released the Educational Attainment in the United States: 2024 table package examining the education level of adults age 18 and older by age, sex, race, nativity and other demographic and social characteristics. Data are based on statistics from the Current Population Survey Annual Social and Economic Supplement. Highlights Age Sex Occupation and Industry…
HUD and Census Bureau: New Residential Sales Report Issued for July 2025
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2025: New Home SalesSales of new single-family houses in July 2025 were at a seasonally-adjusted annual rate of 652,000, according to estimates released jointly today by the U.S. Census Bureau and the…