- The U.S. Census Bureau and U.S. Department of Housing and Urban Development jointly released the New Residential Construction statistics for June 2015 – which shows sizable increases in housing starts (compared to June 2014) for multiple unit construction, particularly in the Northeast (up 159.6% for 5 units or more), South (up 10.4% overall) and the West (up 27.4%).
- The Federal Housing Finance Agency’s (FHFA) House Price Index (HPI) for May 2015 is up .4% from April 2015. The FHFA HPI is calculated using home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. From May 2014 to May 2015, house prices were up 5.7 percent. The U.S. index is 1.8 percent below its March 2007 peak and is roughly the same as the April 2006 index level.
- The Consumer Financial Protection Bureau’s Monthly Complaint Report reveals that the most complained about product is the Mortgage while the biggest increase in complaints has been in the debt collection sector. The report details complaint data by company, region and financial product.
Tag Archives: mortgage complaints
Friday’s Government Reports
- Consumer Financial Protection Bureau (“CFPB”) announces access to the consumer complaint database where users can read consumer narratives and download complaint data as desired. The CFPB describes it as an enhanced public-facing consumer complaint database, which includes for the first time over 7,700 consumer accounts of problems they are facing with financial services providers – including mortgages, bank accounts, credit cards, debt collection, etc.
- U.S. Department of Housing and Urban Development’s (HUD) Semi-Annual Report to Congress (SAR) for the period ending March 31, 2015 – In which it details how: $1.2 billion in funds put to better use; more than $1.7 billion in questioned costs; and more than $457 million in collections through 38 audit reports were reported. HUD also reported more than $38 million in recoveries.
- HUD’s Policy Development and Research Division (PD&R) publishes reports every quarter profiling 12-15 housing markets, the latest batch includes, amoung others: Denver-Aurora-Lakewood, Colorado; Savannah, Georgia; and Spokane, Washington.
