Census Bureau: New COVID-19 Economic Brief Released
Data Show Impact of Pandemic on Select Economic Sectors and State and Local Government Tax Revenue The U.S. Census Bureau today released a report on how economic surveys captured the initial shock and resulting impact of the coronavirus pandemic, as well as economic trends since the national emergency was declared. The The Coronavirus Pandemic’s Economic Impact brief…
CFPB: Analysis Published on Potential Impacts of Medical Debt Credit Reporting Changes
Removing Paid Collections Will Have Limited Benefit Across Consumer Groups Today, the Consumer Financial Protection Bureau (CFPB) published an analysis of how actions announced by the three largest national consumer reporting companies – Experian, Equifax, and TransUnion – will affect people who have allegedly unpaid medical debt on their credit reports. Nearly half of those…
HUD and Census Bureau: New Residential Sales Report for June 2022 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 June 2022: New Home Sales Sales of new single‐family houses in June 2022 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau…
FHFA: House Price Index Up 1.4 Percent in May; Up 18.3 Percent from 2021
House prices rose nationwide in May, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.3 percent from May 2021 to May 2022. The previously reported 1.6 percent price change for April 2022 was revised downward to 1.5 percent.. For the nine census…
Census Bureau: Household Pulse Survey Phase 3.5 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.5 of the experimental Household Pulse Survey (HPS). Phase 3.5 includes new questions on timing of positive coronavirus test, use of coronavirus treatments, the experience of long-COVID symptoms, amount of monthly rent and changes in monthly rent, children’s mental health and difficulty with self-care and communicating. Questions…
Census Bureau: Schedule Released for Income, Poverty and Health Insurance Statistics and ACS Estimates for 2021
The U.S. Census Bureau’s schedule for the release of the 2021 Income, Poverty and Health Insurance statistics from the Current Population SurveyAnnual Social and Economic Supplement (CPS ASEC) and the American Community Survey (ACS) is as follows: Tuesday, Sept. 13, 2022 (no embargo): CPS ASEC will be released for calendar year 2021. National 2021 income statistics: Annual release of…
Federal Reserve: “Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?” FEDS Notes Discussion
Finance and Economics Discussion Series (FEDS) Author: Kenneth P. Brevoort Abstract: Under the Community Reinvestment Act (CRA) banks can fulfill their affirmative obligation to meet local credit needs by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether giving CRA credit for purchases has had its intended effect…
Census Bureau: Data Collection Begins for New Business Trends and Outlook Survey
The U.S. Census Bureau today announced the start of data collection for its new survey to measure business conditions on an ongoing basis. The Business Trends and Outlook Survey (BTOS) is the successor to the Small Business Pulse Survey(SBPS), a high-frequency survey that measured the effect of changing business conditions during the coronavirus pandemic and other major events…
FHFA: Latest Report on Non-Performing Loan Sales Released
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 sales information about NPLs sold through December 31, 2021. Borrower outcomes reflect NPLs sold through June 30, 2021. The sale of NPLs…
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today made available the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies’ regulations. Visit the Federal Financial Institutions Examination Council (FFIEC) website to see…