Census Bureau: Small Area Income and Poverty Estimates for States, Counties and School Districts Data Released
The median estimated poverty rate of children ages 5 to 17 in U.S. school districts in 2022 was 13.9%, according to data released today by the U.S. Census Bureau. The new data come from the 2022 Small Area Income and Poverty Estimates(SAIPE), which provides the only single-year income and poverty statistics for the nation’s 3,143 counties…
OCC: Mortgage Performance for Third Quarter 2023 Reported
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, the same…
OCC: Annual Report for 2023 Issued
The Office of the Comptroller of the Currency (OCC) today published its 2023 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. In 2023, the OCC marked its 160th anniversary of…
HUD: New Report Highlights Unprecedented Homeownership Achievements
HUD’s efforts to reduce barriers to homeownership prove effective. Three years in review: increasing access to homeownership, supporting home retention through the pandemic, and addressing racial bias. When the Biden-Harris Administration and Secretary Fudge took office, Americans were facing numerous challenges, including the COVID-19 pandemic, a lack of affordable housing supply, and rapidly increasing home…
OCC: Report Identifies Key Risks Facing Federal Banking System
The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2023. The OCC reported that the overall strength of the federal banking system remains sound. The OCC expects banks to remain diligent and adhere to prudent risk management practices across…
OCC: Research Solicited on Depositor Behavior, Bank Liquidity and Run Risk
The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on depositor behavior, bank liquidity, and run risk in the banking system for submission by January 15, 2024. The OCC will invite authors of selected papers to present to OCC staff and invited academic and government researchers at OCC Headquarters in…
FHFA: U.S. House Prices Rise 5.5 Percent Over the Last Year; Up 2.1 Percent from the Second Quarter 2023
U.S. house prices rose 5.5 percent between the third quarter of 2022 and the third quarter of 2023, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 2.1 percent compared to the second quarter of 2023. FHFA’s seasonally adjusted monthly index for September was up 0.6 percent from August. “U.S. house price growth…
HUD and Census Bureau: New Residential Sales Report for October 2023 Released
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 October 2023: New Home Sales Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. Census…
SBA: Progress in Small Business Lending Announced with End-of-Year Capital Program Numbers
Agency has increased number and dollar amount of loans across several small business capital programs Today, ahead of the biggest shopping day of the year, U.S. Small Business Administrator Isabel Casillas Guzmanannounced that the SBA delivered $50 billion in capital, disaster relief, and bonding to small businesses and disaster-impacted communities across America in Fiscal Year 2023 (FY23). Under the Biden-Harris…
CFPB: Report Issued Highlighting Consumer Protection Issues in Medical Debt Collection
Annual report on the Fair Debt Collection Practices Act also describes the CFPB’s and states’ efforts to end the collection of inaccurate medical bills that consumers may not even owe Today, the Consumer Financial Protection Bureau (CFPB) issued a report highlighting the challenges American families face when debt collectors pursue allegedly unpaid medical bills. Discussing the 8,500…