ABA Foundation offers questions to help consumers see how they stack up WASHINGTON — Nearly two-thirds of adults (62 percent) consider their own financial literacy to be good or excellent, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. However, their perception of […]
We’ve Added More Resources to the CRA Newswire
With our recent release of the findCRA Learning Center, we’re committed to continue to bring you the most important CRA-related updates from government and industry sources. We’ve recently expanded our list of news sources to include the following government agencies: Department of Housing and Urban Development (HUD) Small Business Administration (SBA) […]
ABA: Survey Shows Regulatory Burden Continues to Restrict Mortgage Lending
WASHINGTON — Ninety-five percent of respondents to the American Bankers Association’s 24th annual Real Estate Lending Surveydescribed regulation as having a negative impact on business production and consumer credit availability. The survey, released today at ABA’s Real Estate Lending Conference in Orlando, revealed that 91 percent of the typical bank’s […]
FHFA: Fourth Quarter Foreclosure Prevention Report | Foreclosure Preventions Surpass 3.8 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 189,911 foreclosure prevention actions in 2016, bringing the total number of troubled homeowners helped since conservatorships to more than 3.8 million. Of […]
HUD: New Residential Sales in February 2017 Reported
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for February 2017: NEW HOME SALES Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to […]
HUD: New Residential Construction Activity for February Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the Census Bureau jointly announced the following new residential construction statistics for February 2017: BUILDING PERMITS Privately owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,213,000. This is 6.2 […]
CDFI Fund: 2016 Year In Review Report Released
The CDFI Fund’s FY 2016 Year in Review is now available on the CDFI Fund’s website. Read Director Annie Donovan’s introductory message below, and view the full publication here. I am pleased to present to you the Community Development Financial Institutions Fund’s (CDFI Fund) fiscal year (FY) 2016 Year in Review. As […]
ABA: New Report Examiners Banks’ Use of Social Media
66 percent plan to increase spending on social media resources this year WASHINGTON – Three out of four bankers believe social media is important to their banks and 66 percent plan to increase spending on social media resources this year, according to a new report released today by the American […]
CDFI Fund: “Access to Capital and Credit in Native Communities” Data Release Now Available
Today, the Native Nations Institute released a Data Review to accompany the Access to Capital and Credit in Native Communities Report (the Report) commissioned by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The Data Review helped set the stage for the Report by collecting data regarding access to […]
HUD: New Residential Sales in December 2016 Report Released
WASHINGTON – Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly today by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 10.4 percent (±12.2%)* below the revised November rate of 598,000 […]