OCC: Mortgage Performance Report for First Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2024. The OCC Mortgage Metrics Report, First Quarter 2024 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, an increase…
FHFA: House Price Index Up 0.2 Percent in April 2024; Up 6.3 Percent from Last Year
U.S. house prices rose in April, up 0.2 percent from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.3 percent from April 2023 to April 2024. The previously reported 0.1 percent price increase in March was revised downward to 0.0 percent. For the nine census divisions, seasonally adjusted…
ABA: Bank Economists Growing More Optimistic About Business Credit, Prospect for Soft Landing
Bank economists are expressing increased optimism about the outlook for business credit and the prospect of a soft landing for the U.S. economy over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly…
FHFA: Latest Non-Performing Loan Sales Report Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2023. Borrower outcomes reflect NPLs sold through June 30, 2023. The sale of NPLs…
FHFA: 2023 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2023 Report to Congress. The statutorily-required report provides information about the Agency’s 2023 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ joint Office of Finance. It also describes FHFA’s actions as conservator of Fannie Mae and Freddie…
Census Bureau: Household Pulse Survey Phase 4.1 Monthly Data Released
The U.S. Census Bureau today released new data from Phase 4.1 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for Phase 4.1 include employment status, spending, food security,…
CFPB: New Registry Created to Detect Corporate Repeat Offenders
Registry will help law enforcement identify recidivist companies and the individuals responsible for repeat offenses The Consumer Financial Protection Bureau (CFPB) today finalized a rule to establish a registry to detect and deter corporate offenders that have broken consumer laws and are subject to federal, state, or local government or court orders. The registry will also help…
CDFI Fund: Application Demand for FY 2024 Round of the Capital Magnet Fund Released
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released the application data for the fiscal year (FY) 2024 round of its Capital Magnet Fund (CMF) program. This is the ninth round of funding for the CMF program. A total of 136 organizations submitted applications requesting more than $1.06 billion…
FHFA: U.S. House Prices Rise 6.6 Percent Over the Last Year; Up 1.1 Percent from the Fourth Quarter of 2023
U.S. house prices rose 6.6 percent between the first quarter of 2023 and the first quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 1.1 percent compared to the fourth quarter of 2023. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. “U.S. house prices continued…
HUD and Census Bureau: New Residential Sales Report Published for April 2024
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2024: New Home SalesSales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly today by the U.S. Census Bureau…