OCC: Overall Mortgage Performance Improvement Reported in First Quarter 2022
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the first quarter of 2022. The OCC Mortgage Metrics Report, First Quarter 2022 showed that 96.9 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
OCC: Report Issued on 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 Spring 2022. As banks continue to navigate the operational- and market-related impacts of the pandemic along with substantial government stimulus, current geopolitics have tightened financial conditions and increased downside risk to…
Census Bureau: Household Pulse Survey Phase 3.5 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.5 of the experimental Household Pulse Survey (HPS). Phase 3.5 includes new questions on timing of positive coronavirus test, use of coronavirus treatments, the experience of long-COVID symptoms, amount of monthly rent and changes in monthly rent, children’s mental health and difficulty with self-care and communicating. Questions…
ABA: Farm Bank Lending Increased to $99.6 Billion in 2021
Farm banks held $14.6 billion in PPP loans, $43.8 billion in small and micro loans Agricultural lending by U.S. farm banks increased 5.5% in 2021 to $99.6 billion, according to the American Bankers Association’s annual Farm Bank Performance Report. The report attributed the change to a 7.5% increase in outstanding loans secured by farmland and…
CDFI Fund: Public Data on CDFI Program Recipients Through 2020 Released
The Community Development Financial Institutions Fund (CDFI Fund) is releasing fiscal year (FY) 2020 data, which was reported in FY 2021 by Community Development Financial Institutions (CDFIs) via the CDFI Fund’s data collection system, known as the Annual Compliance and Performance Report (ACPR). The release contains public Transaction Level Report (TLR) data detailing how CDFIs…
Census Bureau: New Business Trends and Outlook Survey Announced to Replace the Small Business Pulse Survey
The U.S. Census Bureau today announced the launch of a new experimental survey to measure business conditions on an ongoing basis. The Business Trends and Outlook Survey (BTOS) is the successor to the Small Business Pulse Survey, a high-frequency survey that measured the effect of changing business conditions during the coronavirus pandemic and other major events like…
FHFA: 2021 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2021 Report to Congress. The statutorily-required report provides information about the Agency’s 2021 examinations of Fannie Mae, Freddie Mac (the Enterprises), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Joint Office of Finance. It also describes FHFA’s actions as conservator of Fannie Mae and Freddie Mac and provides…
Census Bureau: New Population Estimates by Age, Sex, Race and Hispanic Origin Scheduled for Release June 28th
The U.S. Census Bureau will offer a two-day embargo for members of the media to view the Vintage 2021 population estimates for the nation, states and counties by age, sex, race and Hispanic origin, and for Puerto Rico and its municipios by age and sex. When: Tuesday, June 28 at 10 a.m. EDT to Thursday, June 30…
CFPB: New Report Highlights Experience of Military Families with Medical Billing, Credit Reporting, and Debt Collection
Servicemembers and veterans report problems with coercive credit reporting and false medical bill collections Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing servicemembers, veterans, and military families, based on the complaints they submitted to the CFPB. Servicemembers told the CFPB about billing inaccuracies and that debt…