Census Bureau: The Nation’s Older Population is Still Growing
The nation’s population has a distinctly older age profile than it did 16 years ago, according to new U.S. Census Bureau population estimates released today. New detailed estimates show the nation’s median age — the age where half of the population is younger and the other half older — rose from 35.3 years on April…
FHFA: House Price Index Up 0.7 Percent in April 2017
Washington, D.C. – U.S. house prices rose in April, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.6 percent increase in March was revised upward to reflect a 0.7 percent increase. The FHFA monthly HPI is calculated using home…
FHFA: First Quarter 2017 Foreclosure Prevention Report
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its first quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 49,104 foreclosure prevention actions in the first quarter of 2017, bringing the total number of troubled homeowners helped since conservatorships to nearly 3.9 million. Of the foreclosure…
Federal Reserve: Auto Financing During and After the Great Recession
Auto Financing during and after the Great Recession Ralf R. Meisenzahl 1 More than half of auto financing is originated by non-bank finance companies that typically rely on short-term funding markets for their own financing. During the recent financial crisis, disruptions in these short-term financing markets reduced the availability of auto credit to consumers, which…
CFPB: Certify Your Service | Guides to Public Service Loan Forgiveness
If you’re a teacher, member of the military, first responder, government employee, or work in another area of public service and have student loan debt, you may be eligible for the Public Service Loan Forgiveness (PSLF) program. STAY ON TRACK Check out these tips to certify your service and make sure you’re on track for Public…
ABA: Bank Economists Share Moderate Growth to Continue Through 2018
WASHINGTON — The U.S. economy will continue to expand through next year with support from fiscal stimulus, according to the Economic Advisory Committee of the American Bankers Association. “The forces that have sustained eight years of progress, such as low interest rates and improvements in labor markets, will continue into next year,” said Christopher Probyn,…
ABA: Mortgage Borrowers Want Both Technology and In-Person Services
Survey also found down payment, student debt preventing home purchases WASHINGTON — A majority of Americans (60 percent) agree that while they use online resources for research, they prefer to apply for a mortgage in person, according to a new survey from the American Bankers Association. Seventeen percent said they would prefer to apply for…
HUD: Report Calls for Greater Action to Reduce Injuries to Seniors in Their Home
WASHINGTON – Approximately one-third of adults age 65 years or older fall in their home, resulting in injury, long-term disability and premature institutionalization. By 2020, the Centers for Disease Control and Prevention estimates the cost related to these kinds of injuries to be nearly $60 billion a year. In an effort to reduce and prevent…