FDIC: Consumer Compliance Supervisory Highlights Including CRA Issued
The Federal Deposit Insurance Corporation (FDIC) issued the March 2023 edition of the Consumer Compliance Supervisory Highlights. The purpose of this publication is to enhance transparency regarding the FDIC’s consumer compliance supervisory activities and to provide a high–level overview of consumer compliance issues identified in 2022 through the FDIC’s supervision of state non–member banks and thrifts….
Census Bureau: Public Input Requested on Proposed Disclosure Avoidance Measures for the County Business Patterns Program
The U.S. Census Bureau published a Federal Register Noticeinviting the public to review and submit feedback on proposed modernized disclosure avoidance methods for 2022 County Business Patterns (CBP) data. The 60-day comment period will close June 2. The Census Bureau is hosting a webinar for the public about its disclosure avoidance methods and how they apply…
OCC: Mortgage Performance Report for Fourth Quarter 2022 Released
The Office of the Comptroller of the Currency (OCC) reported a slight decline in the performance of first-lien mortgages in the federal banking system during the fourth quarter of 2022 compared to the previous quarter. The OCC Mortgage Metrics Report, Fourth Quarter 2022 showed that 97.1 percent of mortgages included in the report were current and performing…
HUD: $5.5 Million Awarded to HBCUs to Conduct Housing and Community Development Research
Funding a part of HUD efforts to diversify housing research Today, the U.S. Department of Housing and Urban Development (HUD) announced awards totaling $5.5 million for Historically Black Colleges and Universities (HBCUs) to Texas Southern University and North Carolina A&T University to establish or bolster existing Centers of Excellence (COE) that conduct housing and community…
HUD: Process Begins to Strengthen Standards for Conditions in HUD Assisted and Insured Housing
Public comment on proposed scoring methodology for inspections now open for the first time in 20+ years as part of system-wide overhaul Today, the U.S. Department of Housing and Urban Development (HUD) published the proposed scoring notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. This updated scoring notice,…
FHFA: House Price Index Up 0.2 Percent in January 2023; Up 5.3 Percent from Last Year
U.S. house prices rose in January, up 0.2 percent from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.3 percent from January 2022 to January 2023. The previously reported 0.1 percent price decline in December 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes…
ABA: Credit Card Market Continued to Normalize in Third Quarter 2022
Consumers continued to effectively manage their credit obligations despite economic headwinds in the third quarter of 2022, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The report found that the effective finance charge yield (which measures interest payments relative to total outstanding credit) increased, reflecting the Federal Reserve’s interest rate hikes…
Census Bureau: Household Pulse Survey Phase 3.8 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.8 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…
HUD and Census Bureau: New Residential Sales Report Issued for February 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 February 2023: New Home Sales Sales of new single‐family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census…
FHFA: Fourth Quarter 2022 Foreclosure Prevention and Refinance Report Released
More than 6.7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 52,469 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…