October 31 – Demand for rental housing is surging, driven by concerns over affordability, according to new research released by Freddie Mac. The survey also indicates that changing attitudes toward renting are playing a significant role in the growing demand for rental housing. The study finds that an increasing number of America’s renters are satisfied with their living situation and consider it the most affordable option for the foreseeable future. More renters believe this despite their view that housing prices — both to purchase and rent — continue to rise and supply continues to tighten. (more…)
October 31 – Declining farm profitability in the last 12 months was reported by 82 percent of agricultural lenders responding to a joint survey by the American Bankers Association and Farmer Mac. Despite the continued decline, the survey of more than 580 agricultural lenders revealed that the agricultural loan approval rate is 84 percent. (more…)
Categories range from cybersecurity to business continuity planning solutions.
October 31 – BankNews Media has recognized four vendors in the banking industry for their noteworthy products and services in the 10th annual Innovative Solutions Awards. The awards were given to companies in categories ranging from authentication/fraud/cybersecurity solutions to management solutions. (more…)
October 30 – The Consumer Financial Protection Bureau has rolled out a new Mortgage Performance Trends tool to track delinquency rates nationwide. Information newly available through this tool shows that mortgage delinquency rates nationally are at their lowest point since the financial crisis. In addition to national data, the online tool features interactive charts and graphs with data on mortgage delinquency rates for 50 states and the District of Columbia at the county and metro-area level. (more…)
October 30 – Industry groups and the acting Comptroller of the Currency applauded the Senate’s move to overturn the Consumer Financial Protection Bureau’s mandatory arbitration ban. (more…)