FHFA: Update of Enterprise Sales of Non-Performing Loans Released
The latest report on the transactions by Fannie Mae and Freddie Mac, intended to transfer credit risk and improve outcomes for borrowers, reflects a steady drop in delinquencies since the pandemic The Federal Housing Finance Agency (FHFA) today released a report on non-performing loans (NPLs) sold by by Fannie Mae and Freddie Mac (the Enterprises)…
OCC: Mortgage Performance Report Released for Third Quarter of 2024
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the third quarter of 2024. The OCC Mortgage Metrics Report, Third Quarter 2024 showed that 97.4 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…
CFPB: New Report Finds Mortgage Companies Create Obstacles for Homeowners After Death or Divorce
Surviving family members or spouses report being caught in a customer service doom loop Today, the Consumer Financial Protection Bureau (CFPB) issued a report on the experiences of homeowners dealing with their mortgage company after divorce or the death of an original borrower. Many homeowners report that their servicers push them to take on new, higher-interest loans…
FFIEC: Federal Bank Regulatory Agencies Release 2023 Small Business, Small Farm, and Community Development Lending Data
The federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2023. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm…
CFPB: New Report Summarizes Illegal Practices Across Student Loan Refinancing, Servicing, and Debt Collection
Report addresses issues faced by borrowers with federal and private loans Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of its Supervisory Highlights describing a range of unlawful activities identified by CFPB examiners across student loan markets. The report covers violations related to student loan refinancing, private lending and servicing, debt collection, and federal…
CDFI Fund: Public Data Released on CDFI/NACA and RRP Recipients through 2023
The Community Development Financial Institutions Fund (CDFI Fund) is releasing the fiscal year (FY) 2022 snapshot report and public data file based on Transaction Level Report (TLR) and Consumer Loan Report (CLR) data. This data was reported in FY 2023 by active Community Development Financial Institutions Program (CDFI Program) and Native American Community Assistance Program…
CFPB: Report Finds Significant Drop in Annual Mortgage Applications and Originations in 2023
High interest rates have contributed to a significant drop in homebuying volume Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on trends in the residential mortgage lending market. 2023 showed a significant decline in mortgage lending activities, with loan applications and originations dropping by about a third from 2022. The decline was…
CDFI Fund: ACR Snapshot Reports for FY 2021 through 2023 Released
This month, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a series of summary snapshot reports for the fiscal years (FYs) 2021, 2022, and 2023 Annual Certification and Data Collection Report (ACR) reporting cycles. Community Development Financial Institutions (CDFIs) are required to submit an ACR on an annual basis…
HUD and Census Bureau: New Residential Sales Report Released for October 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2024: New Home SalesSales of new single-family houses in October 2024 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the…
FHFA: U.S. House Prices Rise 4.3 Percent over the Prior Year; Up 0.7 Percent from the Second Quarter of 2024
U.S. house prices rose 4.3 percent between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.7 percent compared to the second quarter of 2024. FHFA’s seasonally adjusted monthly index for September was up 0.7 percent from August. “U.S. house price growth…