FHA Seeks Feedback on Single-Family Loan Sale Program

Total existing home sales remained up 2.8% over the year. The ABA Office of the Chief Economist views continued sluggish home sales as a headwind for overall credit demand.

For the first time since 2023, a majority of consumers believe it is better to buy a home rather than rent or move in with family, according to a recent survey by Bank of America.

More than two in three adults report they were personally scammed last year, with those scams costing an estimated $68 billion, or four times what was reported to federal authorities, according to a new survey by the Stop...

Legislation to reinstate the net operating loss, or NOL, carryback option for certain eligible financial institutions would expand lending and credit availability for consumers and businesses across the U.S., ABA said in a letter to House lawmakers.

Total outstanding revolving credit, largely a reflection of credit card debt, decreased at an annual rate of 4.7% to $1.34 trillion. Total outstanding nonrevolving credit increased at an annual rate of 1.6% to $3.81 trillion.

Federal Reserve officials seemed to be divided over interest rates according to minutes released from the Federal Open Market Committee June 16-17 meeting. In the end, the committee voted unanimously to maintain the target range for the federal...