FHFA: House Price Index Up 0.4 Percent in November 2018
U.S. house prices rose in November, 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 0.3 percent increase in October was revised to reflect a 0.4 percent increase. The FHFA monthly HPI is calculated using home sales price information…
Federal Reserve: FRB Launches Article Series on Financial Conditions and Concerns of Consumers and Communities
The Federal Reserve Board on Wednesday announced Consumer & Community Context, an article series that features original analysis about the financial conditions and experiences of consumers and communities, including traditionally underserved and economically vulnerable households and neighborhoods. The goal of the series is to increase public understanding of the financial conditions and concerns of consumers…
CFPB: Assessments of Ability-to-Repay and Mortgage Servicing Rule Published
The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) assessing the effectiveness of the Bureau’s Ability to Repay and Qualified Mortgage Rule and a separate report assessing the effectiveness of the Bureau’s mortgage servicing rule issued under the Real Estate…
ABA: Bank Economists Forecast Moderating Economic Growth and Heightened Uncertainty
According to a new forecast released today from the Economic Advisory Committee of the American Bankers Association, the pace of growth will moderate through 2019 and 2020, reflecting fading policy support in the U.S. and a slowing global economy. The median forecast of 15 chief economists from major North American banks surveyed the first week…
ABA: Report Shows Consumer Delinquencies Rise in Third Quarter 2018
Installment loan and bank card delinquencies resumed a slow return towards normal levels in the third quarter of 2018, but remain low by historical standards, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in six of the 11 categories tracked by ABA while five categories showed improvement. The…
FHFA: Index Shows Mortgage Rates Increased in November 2018
Nationally, interest rates on conventional purchase-money mortgages increased from October to November, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.86 percent for loans closed in late November, up 11 basis points from 4.75 percent in October….
FHFA: House Price Index Up 0.3 Percent in October 2018
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly…
FHFA: Foreclosure Preventions Surpass 4.2 Million in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008. The report also shows that nearly 25…
CDFI Fund: Summary Report and Public Data for NMTC Program for FY 2003-2016 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2016. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
HUD: Report Shows Homelessness Unchanged in U.S. in 2018 with Notable Declines among Veterans and Families with Children
Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. Meanwhile, homelessness…