FHFA: Report Published on the Performance of Fannie Mae’s and Freddie Mac’s Single-Family Credit Risk Transfers
Report finds the Enterprises’ CRT net cost was $15 billion from July 2013 through February 2021 The Federal Housing Finance Agency (FHFA) today published a report on the performance of Fannie Mae’s and Freddie Mac’s (the Enterprises’) single-family credit risk transfers (CRT). The report focuses on securities issuance and insurance/reinsurance credit risk sharing vehicles, which…
Federal Reserve: Report Issued on the Economic Well-Being of U.S. Households
in the fourth quarter of 2020, nearly one-fourth of adults said that they were worse off financially compared to a year earlier, reflecting the economic fallout and distress resulting from the global COVID-19 pandemic. The Federal Reserve Board’s report, Economic Well-Being of U.S. Households in 2020, which was released on Monday, found a larger share of adults…
ABA: Report Shows Consumer Credit Recovery Continued in Fourth Quarter of 2020
The consumer credit recovery continued in the fourth quarter of 2020, building off trends established last fall, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes improved across risk groups for the second consecutive quarter as the share of Revolvers (those who carry over a monthly balance) hit a…
SBA: Application Data Results Announced for the Restaurant Revitalization Fund
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, today is announcing the latest application data results for the $28.6 billion Restaurant Revitalization Fund (RRF), passed as part of the American Rescue Plan, and signed into law by President Joe Biden. The RRF has received more than 147,000 applications from women, veterans, and socially and…
Census Bureau: COVID-19 TOPx Solutions Virtual Showcase Scheduled for May 25th
This virtual event will showcase digital products created through the COVID-19 TOPx Technology Development Sprint with input from leading government and industry experts. TOPx, modeled on The Opportunity Project (TOP), is an innovation program led by Census Open Innovation Labs at the U.S. Census Bureau. Through technology development sprints, TOPx engages government, technology experts and communities to co-create digital products for the public…
FDIC: 2021 Risk Review Published
The Federal Deposit Insurance Corporation (FDIC) today published its 2021 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system. The FDIC began reporting key banking sector risks in its Risk Review publication in 2019, and this year’s report expands coverage of key risks during a time of heightened uncertainty. “The U.S. economy…
Census Bureau: Household Pulse Survey Phase 3.1 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.1 of the experimental Household Pulse Survey. Phase 3.1 includes substantial revisions to the questionnaire. Additional questions address the following new topics: disability, child health access, telehealth and child care. Also included are demographic questions to identify service members and military spouses, and questions to classify respondents employed…
Census Bureau: New Vintage 2020 Population Estimates Available
The U.S. Census Bureau today released Vintage 2020 evaluation estimates. New datasets include: National and state population and demographic components of population change. Puerto Rico Commonwealth population and demographic components of population change. National, state and Puerto Rico Commonwealth population age 18 and over. County population and demographic components of population change. Puerto Rico municipio population….
CFPB: Reports Issued Detailing Mortgage Borrowers Continuing COVID-19 Challenges
The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn. The first report documents that Black and Hispanic mortgage borrowers are much more likely to be delinquent or in a forbearance program than white borrowers….
CFPB: Consumer Complaint Bulletin Examines County-Level Demographic Data
The Consumer Financial Protection Bureau (CFPB) issued a bulletin today analyzing complaints submitted by consumers in counties nationwide. In 2019 and 2020, the CFPB received more complaints on a per-capita basis from consumers living in predominantly minority counties than from consumers in predominantly white, non-Hispanic counties. Consumers in counties with the highest percentage of minority…