FHFA: Results Announced for Fannie Mae and Freddie Mac Dodd-Frank Stress Tests
The Federal Housing Finance Agency (FHFA) today released a report providing the results of the 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 requires certain financial institutions with more than $10 billion in assets…
ABA: New Report Examines Banks’ Use of Social Media
87 percent report active social media engagement More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social Media in Banking 2019 highlights…
ABA: Report Shows Credit Card Market Moderated in First Quarter 2019
Credit card use moderated in the first quarter of 2019, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, seasonally adjusted purchase volumes declined across risk tiers. Compared to year-ago levels, purchase volumes rose among super-prime (+5.2 percent) and subprime (+4.3 percent) accounts and were essentially unchanged…
FDIC: Annual Publication Examines Potential Credit and Market Risks
The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to financial institutions, policymakers, analysts, and regulators. “The FDIC is committed to transparency and accountability, and the publication of our 2019 Risk Review provides an opportunity for…
Census Bureau: New Report Examines Audience Segments for the 2020 Census
The U.S. Census Bureau released today the 2020 Census Predictive Models and Audience Segmentation Report. The report explains the Census Bureau’s predictions and understandings of how people might self-respond to the 2020 Census. Households will be able to respond to the 2020 Census online, by phone, or by mail. The report describes research on three aspects…
HUD and Census Bureau: New Residential Sales Report for June 2019
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 June 2019: New Home Sales Sales of new single-family houses in June 2019 were at a seasonally adjusted annual rate of 646,000. This is 7.0 percent (±15.2 percent)* above the revised May…
Census Bureau: Schedule Released for 2018 American Community Survey Results
The U.S. Census Bureau’s schedule for the release of the 2018 American Community Survey data is as follows: Thursday, Sept. 26, 2019 (embargo begins at 10 a.m. EDT, Sept. 24) 2018 American Community Survey — Statistics on numerous demographic, social, economic and housing characteristics, including language spoken at home, educational attainment, commute to work, employment, mortgage status and…
FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year
U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.4 percent increase for April 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
CFPB: Report on Third-Party Debt Collections Released
The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors. Today’s report, which covers 2004 to 2018, is drawn from the Bureau’s Consumer Credit Panel (CCP), a nationally representative sample of approximately 5…
HUD and Census Bureau: Residential Construction Activity Report for June 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2019. Building Permits Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,220,000. This is 6.1 percent (±1.2 percent) below the revised…