SBA: Surety Program Notches Best Year in 25 Years, Bonding $2.8B in Contracts to Small Businesses
Agency Announces Top Performing Surety Partners, Bonding Agencies “Under the Biden-Harris Administration, the SBA’s capital programs have been transformed to reach new highs as we continue to deliver historic levels of support for small businesses – including those benefiting from new contracts and supply chain expansion under the President’s Investing in America Agenda,” said SBA Administrator…
FHFA: House Price Index Up 0.3 Percent in August 2024; Up 4.2 Percent from Last Year
U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes…
ABA: New National Consumer Polling Data on Major Bank Policy Issues Unveiled
Strong majorities value credit cards and overdraft protection, oppose lowering debit interchange fees, and support cannabis banking A new survey conducted by Morning Consult on behalf of the American Bankers Association found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their…
FHFA: HUD and FHFA Expand Scope of Public Appraisal Data to Ensure Fairer Home Appraisals
The Federal Housing Finance Agency released its latest update of the Uniform Appraisal Dataset (UAD) that now includes appraisal data on loan applications submitted to the Federal Housing Administration The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family…
ABA: National Survey Finds U.S. Consumers are Happy with Their Bank, View Banks as Source of Strength for the Economy
Poll also finds Americans trust banks more than other industries to protect them from fraud In a nation deeply divided just a week ahead of Election Day, a new national survey shows Americans agree on one thing: they like their bank. Nearly 9 in 10 Americans with a bank account (85%) say they are “very…
SBA: New Report Reveals Historic Surge in Small Business Financing
Dramatic FY24 Growth Driven by Small-Dollar 7(a) Loans and Loans to Women, Black, and Latino Entrepreneurs Today, Vice President Kamala Harris and Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 34 million small businesses in President Biden’s Cabinet, announced(Link is external) that the SBA delivered a transformative $56 billion…
HUD and Census Bureau: New Residential Sales Report for September 2024 Released
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2024: New Home SalesSales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released jointly today by the U.S. Census Bureau and…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
ABA: Bank Economists Expect Credit Conditions to Improve for Both Consumers and Small Businesses for First Time Since 2022
For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
FHFA: Housing Market Data Resources Expand with New Manufactured House Price Index
The new quarterly data series provides insights on prices for a market segment that often serves as an affordable option for homebuyers The Federal Housing Finance Agency (FHFA) published today new national datasets on price trends for manufactured homes. FHFA’s release of the House Price Index (HPI) and median prices for manufactured homes provides quarterly…