FHFA: House Price Index Up 0.7 Percent in April 2017
Washington, D.C. – U.S. house prices rose in April, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.6 percent increase in March was revised upward to reflect a 0.7 percent increase. The FHFA monthly HPI is calculated using home…
FHFA: First Quarter 2017 Foreclosure Prevention Report
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 49,104 foreclosure prevention actions in the first quarter of 2017, bringing the total number of troubled homeowners helped since conservatorships to nearly 3.9 million. Of the foreclosure…
Federal Reserve: Auto Financing During and After the Great Recession
Auto Financing during and after the Great Recession Ralf R. Meisenzahl 1 More than half of auto financing is originated by non-bank finance companies that typically rely on short-term funding markets for their own financing. During the recent financial crisis, disruptions in these short-term financing markets reduced the availability of auto credit to consumers, which…
CFPB: Certify Your Service | Guides to Public Service Loan Forgiveness
If you’re a teacher, member of the military, first responder, government employee, or work in another area of public service and have student loan debt, you may be eligible for the Public Service Loan Forgiveness (PSLF) program. STAY ON TRACK Check out these tips to certify your service and make sure you’re on track for Public…
CFPB: Certify Your Service and Stay on Track for Public Service Loan Forgiveness
We often hear from people working hard in public service who are struggling to stay on track with their student loans. Public service employees may be eligible to have their loans forgiven through the Public Service Loan Forgiveness (PSLF) program. After these borrowers make ten years’ worth of qualifying payments (120 payments), the PSLF program…
CDFI Fund: Application Demand for FY 2016 Round of BEA Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2016 round of its Bank Enterprise Award Program (BEA Program). A total of 116 applications were received requesting awards of over $146 million against the $19 million in Program Awards that are…
ABA: Bank Economists Share Moderate Growth to Continue Through 2018
WASHINGTON — The U.S. economy will continue to expand through next year with support from fiscal stimulus, according to the Economic Advisory Committee of the American Bankers Association. “The forces that have sustained eight years of progress, such as low interest rates and improvements in labor markets, will continue into next year,” said Christopher Probyn,…
SBA: Ignite Tour Blazes Across the Country
WASHINGTON, D.C. – Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the SBA Ignite Tour—a national outreach campaign aimed at fueling small businesses with tools and resources to grow their companies and create more American jobs. McMahon will tour more than 60 cities in two years. Throughout the tour McMahon…