FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year
U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase for December 2018 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
OCC: Report Shows Mortgage Performance Improves in Fourth Quarter 2018
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 2018. The OCC Mortgage Metrics Report, Fourth Quarter 2018, showed 95.8 percent of mortgages included in the report were current and performing at the end of the quarter,…
Census Bureau: Women’s Earnings by Occupation from the 2017 American Community Survey
In honor of Women’s History Month, the U.S. Census Bureau released today a graphic showing median earnings by detailed occupation from the 2017 American Community Survey. The occupation table shows the female earnings for full-time, year-round workers in 2017 and figures on the number of women in select occupations. The Census Bureau collects data on industry, occupation and…
FHFA: Nearly 4.3 Million Homeowners Helped Via Foreclosure Prevention
The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2018 Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 41,062 foreclosure prevention actions in the fourth quarter of 2018, bringing the total number of foreclosure prevention actions to 4,283,836 since September 2008. The report also shows that 35 percent…
CFPB: Report Released on 2018 Administration of the Fair Debt Collection Practices Act
The Consumer Financial Protection Bureau (Bureau) released the annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA). The report highlights the continued efforts by the Bureau and the Federal Trade Commission (FTC) to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and policy initiatives….
FDIC: Supervisory Insights Winter Edition Focuses on LIBOR
The Federal Deposit Insurance Corporation (FDIC) today issued the Winter 2018 issue of Supervisory Insights, which includes an article examining the future of, and alternatives to, the London Inter-bank Offered Rate (LIBOR). LIBOR is a popular reference rate for commercial loans, residential mortgages, derivatives and swaps, and other credit instruments. While LIBOR often is viewed as…
HUD and Census Bureau: New Residential Sales Report for January 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 January 2019: New Home Sales Sales of new single-family houses in January 2019 were at a seasonally adjusted annual rate of 607,000. This is 6.9 percent (±16.3 percent)* below the revised December…
HUD and Census Bureau: Residential Construction Activity Report for January 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 January 2019. Building Permits Privately owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,345,000. This is 1.4 percent (±0.8 percent) above the revised…
CFPB: Report Released on First-Time Homebuying Servicemembers
Today the Consumer Financial Protection Bureau (CFPB) released a report focusing on mortgages made to first-time homebuyers who are serving in the armed forces or are veterans. The Bureau’s report is the first time researchers have been able to provide a description and analysis of servicemembers’ mortgage choices and mortgage performance, both during and after…
FHFA: Index Shows Mortgage Rates Decreased in January 2019
Nationally, interest rates on conventional purchase-money mortgages decreased from December to January, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.60 percent for loans closed in late January, down 23 basis points from 4.83 percent in December. The average interest…