Census Bureau: Current Population Survey Modernization Efforts Set to Launch
The U.S. Census Bureau and the U.S. Bureau of Labor Statistics (BLS) are launching a joint effort to modernize the Current Population Survey (CPS) and announce proposed plans to implement changes to ensure sustainability. Developed in the 1930s to meet the increased needs for unemployment, the CPS has been conducted in its present form since 1948. It…
ABA: New National Survey Finds Majority of U.S. Consumers Think Congress Should Examine Whether Credit Unions Provide Enough Community Benefit to Warrant Existing Tax Exemption
U.S. consumers are generally unaware of the differences between banks and credit unions and believe credit unions should be held to the same standards as the banks they compete with for customers every day, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. A wide majority of respondents…
FHFA: New Uniform Appraisal Dataset Appraisal-Level Public Use File Published
The Federal Housing Finance Agency (FHFA) today published its new Uniform Appraisal Dataset (UAD) Appraisal-Level Public Use File (PUF). “As accurate home valuations are vital to the mortgage market, publishing transparent data on appraisals while protecting borrowers’ personally identifiable information provides useful information to the public in a responsible manner,” said FHFA Director Sandra L. Thompson. “Today’s announcement…
Census Bureau: Household Pulse Survey Phase 3.10 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.10 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the COVID-19 pandemic and…
FHFA: Report Announced on the Sale of Non-Performing Loans by the Enterprises
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2022. Borrower outcomes reflect NPLs sold through June 30, 2022. The sale of NPLs…
ABA: New National Survey Finds U.S. Consumers Remain Happy with Their Bank and Competitive Financial Services Marketplace
Survey also found consumers highly value overdraft protection and want Congress to allow banks to serve cannabis-related businesses More than 8 in 10 Americans (84%) say they are “very satisfied” or “satisfied” with their primary bank, and 94% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted…
HUD: $10.5 Million Awarded to Hispanic Serving Institutions for Housing Research Centers
Grant funding supports HUD’s commitment to diverse and equitable housing solutions, empowering underserved communities through research. Today, the U.S. Department of Housing and Urban Development (HUD) announced $10.5 million in grant awards to four Hispanic Serving Institutions (HSIs) to establish research Centers of Excellence (COEs) to conduct housing and community development research. HUD made the announcement at…
OCC: Mortgage Performance Report for Second Quarter 2023 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2023. The OCC Mortgage Metrics Report, Second Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, compared with…
CFPB: Mortgage Report Finds Jumps in Closing Costs and Denials for Insufficent Income; Growing Proportion of Cash-Out Refinances
Overall mortgage lending falls amid significant rise in interest rates and discount points Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends. In 2022, mortgage applications and originations declined markedly from the prior year, while rates, fees, discount points, and other costs increased. Overall affordability declined…
HUD and Census Bureau: New Residential Sales Report Released for August 2023
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 August 2023: New Home SalesSales of new single‐family houses in August 2023 were at a seasonally adjusted annual rate of 675,000, according to estimates released jointly today by the U.S. Census Bureau…