Census Bureau: Schedule Released for 2018 American Community Survey Results
The U.S. Census Bureau’s schedule for the release of the 2018 American Community Survey data is as follows: Thursday, Sept. 26, 2019 (embargo begins at 10 a.m. EDT, Sept. 24) 2018 American Community Survey — Statistics on numerous demographic, social, economic and housing characteristics, including language spoken at home, educational attainment, commute to work, employment, mortgage status and…
FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year
U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.4 percent increase for April 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
CFPB: Report on Third-Party Debt Collections Released
The Consumer Financial Protection Bureau (Bureau) released a report today that found that more than one-in-four consumers with a credit report have at least one debt in collection by third-party debt collectors. Today’s report, which covers 2004 to 2018, is drawn from the Bureau’s Consumer Credit Panel (CCP), a nationally representative sample of approximately 5…
HUD and Census Bureau: Residential Construction Activity Report for June 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for June 2019. Building Permits Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,220,000. This is 6.1 percent (±1.2 percent) below the revised…
OCC: Improvement in Mortgage Performance Reported for First 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 first quarter of 2019. The OCC Mortgage Metrics Report, First Quarter 2019 showed 96.2 percent of mortgages included in the report were current and performing at the end of the quarter,…
ABA: Bank Economists See Continued Economic Growth Amid Rising Risks
The U.S. economic expansion, which has now tied the longest post-war period of prosperity at 120 months, is likely to continue even as downside risks are growing, according to the Economic Advisory Committee of the American Bankers Association. The median forecast of 16 chief economists from major North American banks is that economic growth will…
HUD and Census Bureau: New Residential Sales Report Released for May 2019
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 May 2019: New Home Sales Sales of new single-family houses in May 2019 were at a seasonally adjusted annual rate of 626,000. This is 7.8 percent (±14.7 percent)* below the revised April…
FHFA: House Price Index Up 0.4 Percent in April 2019; Up 5.2 Percent from Last Year
U.S. house prices rose in April, up 0.4 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase for March 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
FDIC: Agency Hosts Interagency Conference Focusing on Minority Depository Institutions
Announces New MDI Initiatives and Publishes Results of New MDI Study The Federal Deposit Insurance Corporation (FDIC) hosted the2019 Interagency Minority Depository Institution and CDFI Bank Conference this week in partnership with the Federal Reserve Board and the Office of the Comptroller of the Currency. The two-day conference, held June 25–26, 2019, includes discussions on…
FHFA: Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released its report providing information about 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 December 31, 2018, and reflects borrower outcomes as of December 31, 2018 on NPLs sold through June 30,…