OCC releases mortgage performance report for Q1 2025
The OCC released the first quarter 2025 mortgage metrics report, which showed that 97.6% of first-lien mortgages in the federal...
Economy
Report: Bank merger activity continues at steady pace
While there was a temporary stall in bank merger activity in early 2025 because of the economic fallout of tariffs...
FOMC once again holds rates steady
The Federal Open Market Committee announced that it will hold the target range for the federal funds rate at 4.25%-4.5%.
Housing starts dip in May
Privately-owned housing units authorized by building permits in May increased to a seasonally adjusted annual rate of 1.393 million, according...
Business inventories flat in April
Business inventories in April came in at $2.66 trillion, virtually unchanged from the month prior and up 2.2% from a...
Industrial production fell in May
Industrial production decreased 0.2% in May from the previous month, the Federal Reserve reported.
Home builder confidence declines in June
Builder confidence in the market for single-family homes in June was 32, down from 34 the previous month, according to...
Retail sales fall in May
Retail and food service sales for May were $715.4 billion, down 0.9% from the previous month, the Commerce Department said...
ABA DataBank: May inflation cooler than expected, but still above Fed’s 2% target
With many economists expecting inflation to spike following the implementation of reciprocal tariffs, the headline Consumer Price Index rose 2.4%...
Preliminary: Consumer sentiment rose 8.3 points in June
The University of Michigan Consumer Sentiment Index increased 15.9% in June compared to the month prior, landing at 60.5, according...
