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…
HUD and Census Bureau: New Residential Sales Report for September 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for September 2018: New Home Sales Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000. This is 5.5 percent (±12.1 percent)* below the revised August…
FHFA: House Price Index Up 0.3 Percent in August 2018
U.S. house prices rose in August, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.2 percent increase in July was revised upward to 0.4 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
FDIC: Share of U.S. Households without a Bank Account Continues to Drop
Unbanked Rate Declines to 6.5 Percent in 2017 For the third consecutive survey period, the number of U.S. households without a bank account fell, according to the results of the 2017 biennial National Survey of Unbanked and Underbanked Households released today by the Federal Deposit Insurance Corporation (FDIC). “The good news is that our nation’s…
HUD and Census Bureau: Report of Residential Construction Activity for September 2018
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 2018. Building Permits: Privately owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,241,000. This is 0.6 percent (±1.2 percent)* below the revised…
ABA: Survey Shows Online, Mobile Are Most Popular Banking Channels, Branches Remain Popular
Nearly three-quarters of Americans (72 percent) are now choosing to 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. The number of those who identified online banking via laptop or PC as their top option rose to…
SBA: Small Business Lending Momentum Continues in FY18
SBA FY18 total loan volume reaches more than $30 billion with more than 72,000 approved loans The U.S. Small Business Administration announced FY18 lending numbers showing that it guaranteed over $30 billion to small businesses that otherwise would not have had access to capital. “We are providing tools, resources and access to capital for America’s…
FDIC: Interpretive and Procedural Rule on Partial Exemption from HMDA Requirements
FDIC FIL-58-2018 Home Mortgage Disclosure Act (HMDA): Bureau of Consumer Financial Protection Interpretive and Procedural Rule on Partial Exemptions from HMDA Requirements Printable Format: FIL-58-2018 – PDF (PDF Help) Summary: The Bureau of Consumer Financial Protection released an interpretive and procedural rule to implement and clarify amendments to HMDA made by the Economic Growth, Regulatory Relief,…
Census Bureau: More Data Released Linking College Degrees and Earnings
Earnings and Employment Outcomes Following Graduation for Colorado Higher Education Institutions The U.S. Census Bureau released new data on labor market outcomes for college graduates as part of the Post-Secondary Employment Outcomes (PSEO). These new data feature public institutions from Colorado, and include certificate and associate degrees, in addition to bachelor’s and more advanced degrees….
ABA: Report Shows Consumer Delinquencies Hold Steady in Second Quarter 2018
Bank card and most installment loan delinquencies show improvement WASHINGTON — Bank card delinquencies declined in the second quarter while the composite ratio of installment loan delinquencies rose modestly, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Importantly, 8 of the 11 categories tracked by ABA showed improvement or held steady,…