Data & Trends

CDFI Fund: Public Data Released on CDFI/NACA and RRP Recipients through 2023

The Community Development Financial Institutions Fund (CDFI Fund) is releasing the fiscal year (FY) 2022 snapshot report and public data file based on Transaction Level Report (TLR) and Consumer Loan Report (CLR) data. This data was reported in FY 2023 by active Community Development Financial Institutions Program (CDFI Program) and Native American Community Assistance Program…

CFPB: Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023

High interest rates have contributed to a significant drop in homebuying volume Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on trends in the residential mortgage lending market. 2023 showed a significant decline in mortgage lending activities, with loan applications and originations dropping by about a third from 2022. The decline was…

CDFI Fund: ACR Snapshot Reports for FY 2021 through 2023 Released

This month, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a series of summary snapshot reports for the fiscal years (FYs) 2021, 2022, and 2023 Annual Certification and Data Collection Report (ACR) reporting cycles. Community Development Financial Institutions (CDFIs) are required to submit an ACR on an annual basis…

HUD and Census Bureau: New Residential Sales Report Released for October 2024

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2024: New Home SalesSales of new single-family houses in October 2024 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the…

FHFA: U.S. House Prices Rise 4.3 Percent over the Prior Year; Up 0.7 Percent from the Second Quarter of 2024

U.S. house prices rose 4.3 percent between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.7 percent compared to the second quarter of 2024. FHFA’s seasonally adjusted monthly index for September was up 0.7 percent from August. “U.S. house price growth…

ABA: National Survey Finds Record Number of Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts

Results also show 96% of Americans think highly of their bank’s digital banking experience More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers…

Census Bureau: Public Comment Sought on Proposed Updates to the Census Bureau’s Race/Ethnicity Code List

Today the U.S. Census Bureau published a Federal Register notice (FRN) asking for public comment on proposed updates to its race/ethnicity code list as part of the Race/Ethnicity Coding Improvement Project. The updated code list will be used when the combined race/ethnicity question is implemented in the American Community Survey (ACS) and the 2030 Census. This effort is designed to…

FHFA: FY 2024 Performance and Accountability Report Released

The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2024. For the sixteenth consecutive year, FHFA received an unmodified audit opinion on its…

CFPB: Report Details Student Borrower Harms from Servicing Failures and Program Disruptions

Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service The Consumer Financial Protection Bureau (CFPB) today released the annual report of the CFPB Student Loan Ombudsman, highlighting the severe difficulties reported by student borrowers due to persistent loan servicing failures and program disruptions. The report details how millions…

ABA: Ag Lender Survey Shows Farm Profitability Expected to Decline in 2024

ABA, Farmer Mac survey results revealed at ABA Agricultural Bankers Conference in Milwaukee Agricultural lenders expect only 58% of borrowers will remain profitable this year compared to 78% last year, according to the 2024 Ag Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac (NYSE:…