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 mortgage loans made last year…
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 the 3.8 million foreclosure prevention…
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 estimates released jointly today by…
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 percent (±1.8 percent) below the…
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 you will see in the…
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 Bankers Association. “The State of…
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 capital and credit in American…
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 and is 0.4 percent (±11.7%)*…
HUD: Comprehensive Assessment of Housing Needs of America Indians and Alaska Natives Released
WASHINGTON – American Indian tribes are building more housing units after enactment of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) but housing conditions are substantially worse among American Indian households than other U.S. households. These are some of the findings of three new comprehensive reports of tribal housing needs released today…