CFPB: Financial Literacy Annual Report Issued for 2019
The Consumer Financial Protection Bureau (Bureau) issued its Financial Literacy Annual Report for fiscal year 2019. The Bureau delivered its digital and print resources to more than 12 million consumers in fiscal year 2019. Promoting savings has also been a key part of the agency’s work. The Bureau launched Start Small, Save Up, an initiative…
HUD: Homelessness Ticked up in 2019, Driven by Major Increases in California
Increase in California Higher Than All Other States Combined; Continued Declines Noted Among Veterans and Families with Children Ahead of the release of the 2019 Annual Homelessness Report to Congress, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson certified data related to the study. While the rest of the country experienced a…
Census Bureau: American Community Survey 2014-2018 5-Year Estimates Now Available
Today the U.S. Census Bureau released new 5-year estimates from the 2014-2018 American Community Survey (ACS). As part of the nationwide release of over 40 demographic topics, estimates profiling the 65 and older population are now available. Of the 3,142 counties in the United States, Sumter County, Fla., had the highest percentage of residents aged…
Federal Reserve: New Report Assesses Information Presented to Prospective Borrowers on Small Business Online Lender Websites
The Federal Reserve Board on Thursday released Uncertain Terms: What Small Business Borrowers Find When Browsing Online Lender Websites, a report that examines the information that prospective small business borrowers encounter when researching and comparing credit products offered by online lenders. Nonbank online lenders are becoming more mainstream alternative providers of financing to small businesses. In…
OCC: Mortgage Performance Improves Slightly in Third Quarter 2019
The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2019. The OCC Mortgage Metrics Report, Third Quarter 2019 showed 96.4 percent of mortgages included in the report were current and performing at the end of the quarter,…
FHFA: 2018 Report to Congress on Guarantee Fees Issued
The Federal Housing Finance Agency (FHFA) today released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing study of the guarantee fees charged by the Enterprises and to submit a report to Congress each…
Federal Reserve: New Twitter Account Launched to Highlight Research, Conferences, and More
The Federal Reserve Board on Wednesday launched a new Twitter account aimed at increasing access to the research done by the more than 400 economists and other research staff at the Board. The new account—@FedResearch—will highlight research published in the Board’s working papers and notes series, other staff articles, and conferences. Staff members at the…
SBA: New Final Rule Modifies Method for Calculating Annual Revenues for Small Businesses
The U.S. Small Business Administration today published in the Federal Register a final rule to modify its method for calculating annual revenues used to prescribe size standards for small businesses. The final rule is effective Jan. 6, 2020. The SBA changed its regulations on the calculation of annual revenues from a three-year averaging period to a five-year averaging period, outside of…
Census Bureau: Webinar on 2014-2018 American Community Survey 5-Year Estimates on December 10th
What: The U.S. Census Bureau will hold a webinar on Dec. 10, 2019, in advance of the Dec. 19 release of the 2014-2018 American Community Survey 5-year estimates. The webinar will show participants how to access the data and compare geographies and statistics over time. Embargo subscribers will have access to these statistics beginning Dec. 17 at 10 a.m….
FHFA: Report Released on Non-Performing Loan Sales through June 2019
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 information about NPLs sold through June 30,2019 and reflects borrower outcomes on NPLs sold through December 31, 2018 and reported through June 30, 2019. …