BRIEFLY: 2020 mortgage lending data available; FDIC’s DIF falls to 1.25% (no change in assessments)
(June 18, 2021) 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under HMDA are now available, the FFIEC said Thursday. Covered institutions include credit unions, banks, savings associations and mortgage companies … The reserve ratio for the insurance fund of bank deposits dropped to 1.25% in the first quarter, the FDIC Board was told this week. However, the board decided to stay the course on its “fund restoration plan” to bring the Deposit Insurance Fund (DIF) back up to a ratio of 1.35% over the next eight years. Along that line: the board decided not to make any changes to bank assessment rates (at least for now).
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FFIEC Announces Availability of 2020 Data on Mortgage Lending