OCC: Report Shows Improvement in Mortgage Performance in Second Quarter 2021
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 second quarter of 2021. The OCC Mortgage Metrics Report, Second Quarter 2021 showed that 95.0 percent of mortgages included in the report were current and performing at the end of the second quarter…
HUD and Census Bureau: New Residential Sales Report for August 2021 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 August 2021: New Home Sales Sales of new single-family houses in August 2021 were at a seasonally adjusted annual rate of 740,000. This is 1.5 percent (±15.1 percent)* above the revised July…
FHFA: Second Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its second quarter 2021 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 217,020 foreclosure prevention actions in the second quarter of 2021, bringing the total number of homeowners who have been helped…
CFPB: Report Finds Consumer Complaint Submission Patterns Vary by Demographic Characteristics of Census Tract
The Consumer Financial Protection Bureau (CFPB) today released its first in-depth report analyzing complaint submission patterns by U.S. Census tract. The report, “Consumer complaints throughout the credit life cycle, by demographic characteristics,” finds that the complaints from wealthier communities and communities with higher percentages of white, non-Hispanic residents were more frequently about loan origination and…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…
Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…
HUD: HBCU Center of Excellence Grants Announced
Howard University and Texas Southern University to receive $5.5 million total in housing and economic development research grants The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced a total of $5.5 million will be awarded to two Historically Black Colleges and Universities (HBCUs). Howard University and Texas Southern University will received $4.5 million…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…
Census Bureau: 2020 Census Redistricting Data Released in Easier-to-Use Format
The U.S. Census Bureau today released the 2020 Census Redistricting Data (Public Law 94-171) Summary File to states and the public in an easier-to-use format. These data are now available on data.census.gov. They are identical to those released Aug. 12 on the Census Bureau’s FTP site and in various data visualizations. The Census Bureau has also delivered to states…
FDIC: Second Annual Academic Challenge Launched Focusing on the Impacts of COVID-19 on the Banking Sector
The Federal Deposit Insurance Corporation (FDIC) today announced the launch of the agency’s Second Annual Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. The topic for this year’s challenge is “The Impacts of COVID-19 on the Banking Sector.” FDIC Chairman Jelena McWilliams said, “The goal…