Federal Reserve: CRA Examination Schedule for Fourth Quarter 2017 and First Quarter 2018 Released
The Federal Reserve posts the schedules for two quarters of upcoming CRA examinations Fourth Quarter 2017 Boston Bank name City State BANK RHODE ISLAND PROVIDENCE RI BROOKLINE BK BROOKLINE MA New York Bank name City State None scheduled for this quarter. Philadelphia Bank name City State ORRSTOWN BK SHIPPENSBURG PA Cleveland Bank name City State…
Census Bureau: Webinar on Release of 2016 American Community Survey Statistics
What: The U.S. Census Bureau will hold a webinar on Sept. 7 from 1-2 p.m. in advance of the Sept. 14 release of the 2016 American Community Survey statistics. The webinar will show participants how to access new data and online resources from the 2016 American Community Survey. Attendees will also learn about changes related…
Census Bureau: New Report on the Characteristics of Female Veterans
A new report on the characteristics of female veterans released today by the U.S. Census Bureau shows that early-career aged female veterans (18 to 34 years old) were more likely to be employed, married and have a child in their home than early-career aged female nonveterans. This report, which uses 2015 American Community Survey data,…
FDIC: CRA Examination Schedule for Fourth Quarter 2017 and First Quarter 2018 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the list of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2017 and first quarter of 2018. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…
HUD: Ginnie Mae Extends Assistance to Harvey-Impacted Issuers
Today Ginnie Mae is highlighting its assistance program to help its Mortgage Backed Security (MBS) Issuers impacted by Hurricane Harvey. “We’ll work with our partners to ensure we get through this together,” said Michael Bright, Ginnie Mae Executive Vice President, Chief Operating Officer and Acting President. “Any Ginnie Mae Issuer in need of assistance should…
Federal Reserve: Improving the 30-Year Fixed-Rate Mortgage
FEDS (Finance and Economics Discussion Series) 2017-90 | August 2017 Wayne Passmore and Alexander H. von Hafften Abstract: The 30-year fixed-rate fully amortizing mortgage (or “traditional fixed-rate mortgage”) was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. First, because homeowner equity accumulates slowly during the first decade,…
Federal Reserve: Board Announces Community Depository Institutions Advisory Council Members for 2018
The Federal Reserve Board on Wednesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president and vice president of the council for 2018. CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift…
FHFA: Index Shows Mortgage Rates Decreased in July 2017
Nationally, interest rates on conventional purchase-money mortgages decreased from June to July, 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 3.99 percent for loans closed in late July, down 1 basis point from 4.00 percent in June….
OCC: Fourth Quarter 2017 and First Quarter 2018 CRA Evaluation Schedule Released
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2017 and first quarter of 2018. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests…
OCC: National Banks and Federal Savings Associations Encouraged to Work with Customers Affected by Hurricane Harvey
The Office of the Comptroller of the Currency encourages national banks and federal savings associations to work with customers affected by Hurricane Harvey. OCC Bulletin 2012-28 provides examples of steps national banks and federal savings associations may take to support customers affected by natural disasters. The OCC encourages national banks and federal savings associations to…