HUD: FHA Releases 2019 Annual Report to Congress

MMI Fund Capital Ratio continues to exceed the statutory minimum – strongest since 2007  The Federal Housing Administration (FHA) today released its 2019 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year (FY) 2019, The […]

FDIC: Three Reports Analyzing Growth of Nonbank Lending Released

Decades-long shifts reported in corporate and mortgage loans between banks and nonbanks The Federal Deposit Insurance Corporation (FDIC) today released a multi-part analysis of changes in the U.S. banking system since the 1950s, especially changes occurring since the financial crisis in 2008. These analyses address the shift in some lending […]

CFPB: Financial Well-Being Report Released with State-by-State Comparisons

The Consumer Financial Protection Bureau (Bureau) issued a report today with state-by-state comparisons of financial well-being scores. The scores are based on Bureau analysis of the Financial Industry Regulatory Authority Foundation’s 2018 National Financial Capability Study. The report shows that the average financial well-being scores for all adults (ages 18 […]

ABA: New Survey Shows 95 Percent of Consumers Give High Marks to Digital Banking

Data reinforce Americans like and appreciate innovative services offered by banks Ninety-five percent of consumers 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 […]

ABA: Farmer Mac, ABA Joint Lender Survey Reveals Top Concerns and Expectations for 2020

As the farm economy continues to work through a prolonged downturn, credit quality and the deterioration of agricultural loans remains the top concern for ag lenders, according to the Fall 2019 Agricultural Lender Survey reportproduced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as […]

ABA: New Survey Highlights Bank Customer Preference for Digital Channels Continues to Grow

Mobile apps nearly overtake online banking for top spot while branches remain popular Nearly three-quarters of Americans (73 percent) most often access their bank accounts via online and mobile platforms, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association, an increase over last […]

ABA: Report Shows Credit Card Use Strong in Second Quarter 2019

Credit card use rebounded in the second quarter after easing in the first quarter of 2019, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Seasonally adjusted purchase volumes increased across risk tiers compared to the first three months of the year, reflecting robust consumer spending. Purchase […]

FHFA: House Price Index Up 0.2 Percent in August; Up 4.6 Percent from Last Year

U.S. house prices rose in August, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 4.6 percent from August 2018 to August 2019.  The previously reported 0.4 percent increase for July 2019 remains unchanged. For the nine census divisions, seasonally adjusted […]

HUD and Census Bureau: Residential Construction Activity Report for September 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 September 2019. Building Permits Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,387,000. This is 2.7 percent […]