Financial Stability

The Federal Housing Finance Agency House Price Index quarterly report for the first quarter of 2023 showed the price of houses in the U.S. has continued to rise, marking the 45th quarter of year-over-year increases. Read on for more details. Read on »

The Mortgage Bankers Association’s Builder Application Survey data for April showed mortgage applications for new home purchases increased 4.1 percent compared with one year prior. Read on for more details. Read on »

The Federal Reserve Board issued its Economic Well-Being of U.S. Households in 2022 report which examines the financial lives of U.S. adults and their families. Read on for more details. Read on »

The Mortgage Bankers Association reported mortgage applications declined for the week ending May 12, compared with one week prior. Read on for more details. Read on »

President Joe Biden announced his nominees to the Federal Reserve Board of Governors, including one promotion to vice chair, a renomination, and the filling of a vacancy left by former Fed Gov. Lael Brainard who now serves as director of the National Economic Council. Read on for more details. Read on »

A new installment of October Research’s Economic Forecast webinar series welcomes international real estate expert Dr. Ted Jones, who delved into numerous topics affecting the title industry, housing and the mortgage market. Read on for more details. Read on »

North Carolina-based First Citizens Bank saw a $9.5 billion profit in the first quarter after receiving discounts from federal regulators when it agreed to acquire loans and assume deposits from Silicon Valley Bank after its collapse. Read on for more details. Read on »

The Federal Deposit Insurance Corp. proposed a new rule that would allow it to impose special assessments to recover the loss to the deposit insurance fund arising from the protection of uninsured depositors in connection with the systemic risk determination announced following the closures of Silicon Valley Bank and Signature Bank. Read on for more details. Read on »

The California Department of Financial Protection and Innovation released its findings following an investigation into the collapse of Silicon Valley Bank. The regulator’s findings echo the finding previously published by the Federal Reserve, stating regulators did not act early or forcefully enough to prevent the collapse. Read on for more details. Read on »

The Federal Reserve released its latest financial stability report, which warned that banks’ concerns about slower economic growth could lead to decreases in lending, accelerating the current economic slowdown. It also highlighted areas of heightened risk within financial markets that may face increased scrutiny from bank examiners. Read on for more details. Read on »