ABA: Consumer Delinquencies Mixed in Third Quarter of 2019
Consumer credit delinquencies were mixed in the third quarter of 2019, with delinquencies falling for bank cards (credit cards provided by banks) and rising for the composite index of closed-end loans, 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…
FHFA: Nearly 4.4 Million Homeowners Helped Since Conservatorship
The Federal Housing Finance Agency (FHFA) today released its third quarter 2019 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 26,475 foreclosure prevention actions in the third quarter of 2019, bringing the total number of foreclosure prevention actions to 4,381,036 since September 2008. The report also shows that 37 percent of loan modifications…
HUD: 2019 Annual Homeless Assessment Report Released
Homelessness Increase in California Offsets Combined Decrease in All other States;Continued Declines Noted Among Veterans and Families with Children Today, the U.S. Department of Housing and Urban Development (HUD) released its 2019 Annual Homeless Assessment Report to Congress. The report certified last month by HUD Secretary Ben Carson, found that 567,715 persons experienced homelessness on a single night…
FHFA: House Price Index Up 0.2 Percent in October; Up 5.0 Percent from Last Year
U.S. house prices rose in October, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.0 percent from October 2018 to October 2019. The previously reported 0.6 percent increase for September 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly…
CFPB: Financial Literacy Annual Report Issued for 2019
The Consumer Financial Protection Bureau (Bureau) issued its Financial Literacy Annual Report for fiscal year 2019. The Bureau delivered its digital and print resources to more than 12 million consumers in fiscal year 2019. Promoting savings has also been a key part of the agency’s work. The Bureau launched Start Small, Save Up, an initiative…
HUD: Homelessness Ticked up in 2019, Driven by Major Increases in California
Increase in California Higher Than All Other States Combined; Continued Declines Noted Among Veterans and Families with Children Ahead of the release of the 2019 Annual Homelessness Report to Congress, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson certified data related to the study. While the rest of the country experienced a…
Census Bureau: American Community Survey 2014-2018 5-Year Estimates Now Available
Today the U.S. Census Bureau released new 5-year estimates from the 2014-2018 American Community Survey (ACS). As part of the nationwide release of over 40 demographic topics, estimates profiling the 65 and older population are now available. Of the 3,142 counties in the United States, Sumter County, Fla., had the highest percentage of residents aged…
Federal Reserve: New Report Assesses Information Presented to Prospective Borrowers on Small Business Online Lender Websites
The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business borrowers encounter when researching and comparing credit products offered by online lenders. Nonbank online lenders are becoming more mainstream alternative providers of financing to small businesses. In…
OCC: Mortgage Performance Improves Slightly in Third 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 third quarter of 2019. The OCC Mortgage Metrics Report, Third Quarter 2019 showed 96.4 percent of mortgages included in the report were current and performing at the end of the quarter,…
FHFA: 2018 Report to Congress on Guarantee Fees Issued
The Federal Housing Finance Agency (FHFA) today released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing study of the guarantee fees charged by the Enterprises and to submit a report to Congress each…