FHFA: Results Announced of Fannie Mae and Freddie Mac Stress Tests
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress testsFannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act requires certain financial institutions with more than $10 billion…
CFPB: Prototypes Unveiled of New “Know Before You Owe” Overdraft Disclosure
New CFPB Study Shows Opted-In Frequent Overdrafters Typically Pay Almost $450 More in Fees WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today unveiled new Know Before You Owe overdraft disclosure prototypes designed to improve the model form that banks and credit unions already provide to consumers weighing overdraft coverage. The Bureau is currently…
Federal Reserve: Now Available | Harvesting Opportunity: The Power of Regional Food Systems Investments to Transform Communities
We are pleased to announce the publication of Harvesting Opportunity: The Power of Regional Food System Investments to Transform Communities. The book, released by the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of St. Louis and the U.S. Department of Agriculture’s agencies of Rural Development and the Agricultural Marketing Service,…
CDFI: New Markets Tax Credit Program Compliance Report Released
Washington – A new, independent report on the federal New Markets Tax Credit Program (NMTC Program) was released today by Summit Consulting LLC (Summit). The Compliance Review of New Markets Tax Credit Program report (the NMTC Report) was commissioned by the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund). It examines whether the…
Census Bureau: Release Schedule for Income, Poverty and Health Insurance Statistics
New Language Tables Released JULY 31, 2017 — The U.S. Census Bureau schedule for the release of the 2016 income, poverty and health insurance coverage statistics from the Annual Social and Economic Supplement to the Current Population Survey and the 2016 American Community Survey is as follows: Tuesday, Sept. 12, 2017 (no embargo) National 2016…
Census Bureau: 2015 Rental Housing Finance Survey Available
The 2015 Rental Housing Finance Survey (RHFS) are now available on census.gov. This survey provides measures of financial, mortgage, and property characteristics of rental housing properties in the United States. Statistics include property, residential structure(s), and mortgage characteristics, ownership status, commercial use of space and benefits received. Internet address: <https://www.census.gov/programs-surveys/rhfs.html>.
FHFA: Index Shows Mortgage Rates Increased in June 2017
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from May to June, 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 4.00 percent for loans closed in late June, up 13 basis points from 3.87…
USDA: Agency Seeks Information on Existing Rules for Modification or Repeal
Pursuant to Executive Order 13777, “Enforcing the Regulatory Reform Agenda” the United States Department of Agriculture (USDA) is requesting information to assist in identifying existing regulations that should be modified or repealed. USDA requests comments on several questions including the following: regulations that result in the elimination of jobs, or inhibit job creation; regulations that…
CFPB: Building Credit at a Local Level
By Sarah Bainton Kahn We recently published a report on ways people without a credit history start building one. In order to bring visibility to this issue and spur action at the local level, we’re releasing credit profiles on states and cities across the country. A person is considered “credit invisible” if they do not…