Federal Reserve: “Revitalize or Stabilize”: Does Community Development Financing Work?
Daniel Ringo Abstract: Banks in the United States originate $100 billion in community development loans every year and hold a similar amount of community development investments on their balance sheets. A number of federal place-based policies encourage the provision of these loans and investments to promote growth, employment and the availability of affordable housing to…
ABA: Report Shows Consumer Delinquencies Rise in Fourth Quarter of 2019
Consumer credit delinquencies rose in the fourth quarter of 2019, driven by increases in auto and home-related delinquencies, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in eight of the 11 categories tracked by ABA while delinquencies in three categories fell. The composite ratio, which tracks delinquencies in…
Census Bureau: Delivery of 2020 Census Paper Questionnaires Begins
About 64 million households across the nation are receiving a paper questionnaire in the coming days as the U.S. Census Bureau continues to ensure responding to the census is easier than ever. Of the nation’s households, 46.2% have already responded to the 2020 Census. The remaining households will receive a paper questionnaire starting April 8. “If you’re…
Census Bureau: American FactFinder Officially Retired; Data.census.gov Now Primary Data Tool
Today the U.S. Census Bureau retired American FactFinder (AFF), the primary dissemination tool on census.gov for the past 20 years. Beginning in June of 2019, the Census Bureau stopped releasing new data in AFF, and transitioned to data.census.gov for data releases formerly on AFF. Data.census.gov represents a new chapter in the Census Bureau’s dissemination approach by centralizing data access…
FHFA: House Price Index Up 0.3 Percent in January; Up 5.2 Percent from Last Year
U.S. house prices rose in January, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.2 percent from January 2019 to January 2020. The previously reported 0.6 percent increase for December 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly house…
HUD and Census Bureau: New Residential Sales Report for February 2020
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 February 2020: New Home Sales Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000. This is 4.4 percent (±14.8 percent)* below the revised January…
FHFA: More Than 4.4 Million Homeowners Helped Since Conservatorship
The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 25,930 foreclosure prevention actions in the fourth quarter of 2019, bringing to 4.407 million the number of troubled homeowners who have been helped during conservatorships. The report also shows that nearly 40 percent…
Census Bureau: American FactFinder Is Retiring March 31
The U.S. Census Bureau is retiring American FactFinder (AFF) on March 31, 2020. AFF has been the primary data dissemination tool, provided by the Census Bureau, for almost 20 years. Beginning in June of 2019, the Census Bureau stopped releasing new data in AFF and transitioned to data.census.gov. Data.census.gov represents a new chapter in the Census Bureau’s dissemination…
OCC: Report Shows Slight Improvement in Mortgage Performance in Fourth Quarter 2019
The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2019. The OCC Mortgage Metrics Report, Fourth Quarter 2019 showed 96.5 percent of mortgages included in the report were current and performing at the end of the quarter,…
Census Bureau: 2020 Census Operations Updates, Website Launched, Motivation Ads Begin
The 2020 Census is well underway and is ready for America to respond as the first invitations are arriving in the mail at an estimated 140 million households between last Thursday, March 12 and this Friday, March 20. The public is encouraged to respond to the 2020 Census online, over the phone, or through the…