Research

FHFA: House Price Index Up 0.3 Percent in October 2023; Up 6.3 Percent from Last Year

U.S. house prices rose in October, up 0.3 percent from September, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.3 percent from October 2022 to October 2023. The previously reported 0.6 percent price increase in September was revised to a 0.7 percent increase. For the nine census divisions, seasonally…

HUD and Census Bureau: New Residential Sales Report for November 2023 Released

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 November 2023: New Home Sales Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly today by the U.S. Census…

FHFA: Third Quarter 2023 Foreclosure Prevention and Refinance Report Released

The Federal Housing Finance Agency (FHFA) today released its third quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,356 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,861,827 since the start of conservatorships in September…

Federal Bank Regulatory Agencies Release 2022 Small Business, Small Farm, and Community Development Lending Data

The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2022. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm…

CFPB: New Report Shows Many Americans Are Surprised by Overdraft Fees

New report finds many of these customers have cheaper credit options available The Consumer Financial Protection Bureau (CFPB) today issued a new report finding that many consumers are still being hit with unexpected overdraft and nonsufficient fund (NSF) fees, despite recent changes implemented by banks and credit unions that have eliminated billions of dollars in…

CFPB: New Report Finds Many College-Sponsored Financial Products Charge High and Unusual Fees

Annual student banking report highlights the steep costs and unfavorable terms of college-sponsored credit cards, deposit accounts, and other financial products The Consumer Financial Protection Bureau (CFPB) issued a reporttoday highlighting that many college-sponsored financial products have higher fees and worse terms and conditions compared to typical market products. The CFPB report identifies college-sponsored deposit accounts…

HUD: January 2023 Point-in-Time Count Report for Homelessness Released

The U.S. Department of Housing and Urban Development (HUD) today released its 2023 Annual Homeless Assessment Report: Part 1: Point-in-Time Estimates, an annual snapshot of the number of individuals in shelters, temporary housing, and in unsheltered settings. The report found more than 650,000 people were experiencing homelessness on a single night in January 2023, a 12%…

Census Bureau: Small Area Income and Poverty Estimates for States, Counties and School Districts Data Released

The median estimated poverty rate of children ages 5 to 17 in U.S. school districts in 2022 was 13.9%, according to data released today by the U.S. Census Bureau. The new data come from the 2022 Small Area Income and Poverty Estimates(SAIPE), which provides the only single-year income and poverty statistics for the nation’s 3,143 counties…

OCC: Mortgage Performance for Third Quarter 2023 Reported

The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2023. The OCC Mortgage Metrics Report, Third Quarter 2023 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, the same…

OCC: Report Identifies Key Risks Facing Federal Banking System

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system in its Semiannual Risk Perspective for Fall 2023. The OCC reported that the overall strength of the federal banking system remains sound. The OCC expects banks to remain diligent and adhere to prudent risk management practices across…