HUD and Census Bureau: New Residential Sales Report for July 2021 Issued
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 July 2021: New Home Sales Sales of new single-family houses in July 2021 were at a seasonally adjusted annual rate of 708,000. This is 1.0 percent (±11.3 percent)* above the revised June…
CFPB: New Report Finds Mortgage Refinance Loans Drove an Increase in Closed-End Originations in 2020
A new Home Mortgage Disclosure Act (HMDA) data report on residential mortgage lending trends released today by the Consumer Financial Protection Bureau finds that the total number of closed-end originations as well as applications increased substantially between 2019 and 2020. Closed-end originations (excluding reverse mortgages) increased in 2020 by 65.2 percent, from 8.3 million in 2019 to…
ABA: Report Finds Credit Conditions Remained Strong in First Quarter 2021
Credit conditions remained strong in the first quarter of 2021, as U.S. consumers continued to drive the economic recovery, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. While monthly purchase volumes were mostly unchanged compared to the fourth quarter of 2020 and were roughly equivalent to early 2019 levels, credit card…
Census Bureau: Small Business Pulse Survey Phase 6 Begins
The U.S. Census Bureau today announced the beginning of data collection for Phase 6 of the Small Business Pulse Survey (SBPS). This experimental survey was designed and launched in April 2020 to measure temporal economic trends in the nation’s small businesses and provide insight into the scope of impact of the pandemic response in the United States….
FHFA: Results of Fannie Mae and Freddie Mac Dodd-Frank Stress Tests Announced
Today, the Federal Housing Finance Agency (FHFA) released reports providing the results of the 2020 and 2021 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, as amended in 2019, requires certain financial institutions that are regulated by a…
Census Bureau: 2020 Census Highlights Local Population Changes and Nation’s Racial and Ethnic Diversity
U.S. Census Bureau Delivers Data for States to Begin Redistricting Efforts The U.S. Census Bureau today released additional 2020 Census results showing an increase in the population of U.S. metro areas compared to a decade ago. In addition, these once-a-decade results showed the nation’s diversity in how people identify their race and ethnicity. “We are excited to…
Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…
Census Bureau: Latest Data Released on Community Resilience to Disasters
The U.S. Census Bureau today released the 2019 Community Resilience Estimates to measure the ability of a population to withstand adversity from the impacts of disasters, including weather- and disease-related events such as pandemics, forest fires and floods. Later this month, the new data will also be available through a tool that shows risk level by state, county and…
CFPB: Report Finds Mortgage Servicers’ Pandemic Response Varies Significantly
Supervisory data show some servicers struggled to assist borrowers The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic. For example, many servicers managed to…
CDFI Fund: Application Demand for FY 2021 Round of Small Dollar Loan Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2021 round of its Small Dollar Loan Program (SDL Program). The SDL Program is a new program authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L….