FHFA: Fannie Mae and Freddie Mac Refinance Volume Decreases in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 253,135 refinances in the third quarter of 2018, compared with 299,460 in the second quarter. FHFA’s third quarter Refinance Report also shows that 1,865 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
FHFA: 2018 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2018. For the tenth consecutive year, FHFA received an unmodified audit opinion on its FY…
FDIC: Information on Small-Dollar Lending Requested
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking public comment on issues related to small-dollar lending by FDIC-supervised financial institutions. The Request for Information (RFI) solicits comments on the consumer demand for small-dollar credit products, the supply of small-dollar credit products currently offered by banks, and what the FDIC can do…
FDIC: 2018 Version of Money Smart for Adults Released
The FDIC today released the 2018 version of its popular instructor-led Money Smart for Adults financial education curriculum. Instructors can use the fully scripted materials with minimal preparation to deliver unbiased, relevant, and accurate financial education. “The FDIC’s Money Smart for Adults helps people gain the knowledge, confidence, and skills to use banks more effectively…
Federal Reserve: New FEDS Notes Analyzes Rural Affordable Rental Housing
Rural Affordable Rental Housing: Quantifying Need, Reviewing Recent Federal Support, and Assessing the Use of Low Income Housing Tax Credits in Rural Areas (PDF) by Andrew M. Dumont Abstract: Recently, there has been significant interest in the high levels of rental cost burden being experienced across the United States. Much of this scholarship has focused…
FEMA: President Trump Approves Major Disaster Declaration for California
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of California to supplement state, tribal and local recovery efforts in the areas affected by wildfires beginning on November 8, 2018, and continuing. The President’s action makes federal funding available to affected individuals in Butte, Los Angeles, and…
Census Bureau: Webinar on Release of 2018-2017 ACS Five-Year Estimates Scheduled for November 27th
What: The U.S. Census Bureau will hold a webinar on Nov. 27, 2018, in advance of the Dec. 6 release of the 2013-2017 American Community Survey five-year estimates. The webinar will show participants how to access the data and compare geographies and statistics over time. Embargo subscribers will have access to these statistics beginning Dec….
HUD: Disaster Assistance Announced for California Fire Victims
Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of California and provide support to homeowners and low-income renters forced from their homes in areas affected by wildfires. Yesterday, President Trump issued a major disaster declaration for Butte,…
FHFA: Progress Update on the Single Security Initiative and Common Securitization Platform for Uniform Mortgage-Backed Securities
The Federal Housing Finance Agency (FHFA) today published An Update on the Single Security Initiative (SSI) and the Common Securitization Platform (CSP) detailing activity and progress on the development of the CSP and toward the launch of a single, common security called the Uniform Mortgage-Backed Security (UMBS). Fannie Mae and Freddie Mac (the Enterprises) and…
ABA: Survey Shows 93 Percent of Americans Rate Their Bank’s Online and Mobile App Experience Highly
Data reinforce Americans like and appreciate innovative services offered by banks WASHINGTON — Ninety-three percent of Americans rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey also found that 7 in 10…