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…
SBA: Report Shows Veteran-Owned Small Businesses Face More Financing Challenges than Non-Veteran Small Businesses
New report presents substantial data on Veteran-Owned companies’ capital access challenges; Cites smaller loan requests, higher credit risk and lack of Information as possible causes WASHINGTON – The Federal Reserve Bank of New York and the U.S. Small Business Administration today issued the report Financing their Future: Veteran Entrepreneurs and Capital Access. The report provides a…
FHFA: 2019 Multifamily Lending Caps Announced for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) today announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps. The caps are based on FHFA’s projections of the overall size of the 2019 multifamily originations market, which FHFA expects to…
BCFP & FHFA: National Survey of Mortgage Originations Dataset Released for Public Use
The Bureau of Consumer Financial Protection (BCFP) and the Federal Housing Finance Agency (FHFA) today released for public use a new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that provides insights into borrowers’ experiences in getting a residential mortgage. The NSMO is a component of the National Mortgage Database (NMDB®), the…
FHFA: Proposed Rule Issued on Federal Home Loan Bank Housing Goals
The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to the existing regulation for the Federal Home Loan Bank (FHLBank) Housing Goals. The proposed rule would: Set a single prospective mortgage purchase housing goal as a share of each FHLBank’s total Acquired Member Asset (AMA) purchases; Set a new small member participation…
FHFA: Indices Show Little Movement in Mortgage Rates in September 2018
Nationally, interest rates on conventional purchase-money mortgages were nearly flat from August to September, 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 4.62 percent for loans closed in late September, down 1 basis point from 4.63 percent in August….
ABA: Report Shows Credit Card Market Expanded in Second Quarter 2018
Credit card use picked up in the second quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to a year ago, super-prime accounts increased 9.2 percent and prime accounts rose 6.6 percent, both record highs. Meanwhile, subprime purchase volumes expanded at a much slower pace (+3.0 percent) on…