Consumer Sentiment Falls in November
Consumer Sentiment declined in November to 76.9, according to the University of Michigan Consumer Sentiment…
Browsing: Economy
New Home Sales Fall 0.3 Percent, But Are Up 42% From October 2019 Estimate
New single-family home sales rose to a seasonally adjusted annual rate of 999,000 in October,…
Durable Goods Orders Increased 1.3% in October
New orders for manufactured durable goods in October increased 3.0 billion or 1.3% to $240.8…
ABA Data Bank: U.S. Households Continue to Manage Debt Levels in Q3
The share of household debt to disposable income remained well below the historical average in the third quarter of 2020, despite debt inching up 0.56% and disposable income declining 3.3% as federal stimulus payments tapered off.
Treasury Seeks to Wind Down Emergency Credit Facilities
With several emergency credit facilities created to respond to the COVID-19 emergency scheduled to wind down by year’s end, Treasury Secretary Steven Mnuchin today asked the Federal Reserve to return unused funds in several facilities to the Treasury.
Bowman: Nonbank Mortgage Regulatory Framework Needs Work
Federal Reserve Governor Michelle Bowman said in a speech today that regulators need to revisit the regulatory framework for nonbank mortgage lenders.
Existing-Home Sales Rise 4.3% in October
Existing-home sales rose by 4.3% in October to a seasonally adjusted annual rate of 6.85…
OFR Flags Macroeconomic, Credit Risk in Annual Report
The Office of Financial Research flagged macroeconomic risk and credit risk as top areas of concern as the nation continues to deal with the economic stresses caused by COVID-19.
Housing Starts Up 4.9% in October
Housing starts increased to a seasonally adjusted annual rate of 1.530 million in October, according…
Freddie Mac Survey Examines Spike in Forbearance During COVID-19
A new study from Freddie Mac shows that mortgage forbearance has played an important role in helping mortgage borrowers remain in their homes during COVID-19.