The Federal Housing Finance Agency (FHFA) last week published its final rule to amend several provisions in the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs). NAFCU provided feedback in response to the FHFA’s proposal and offered general support for the amendments.
New home sales fell 5.6 percent in October to 679,000 annualized units, while sales in September were revised down 40,000 units. Compared to last year, October’s sales were 16.7 percent higher. NAFCU Vice President of Research and Chief Economist Curt Long analyzed the data in the Macro Data Flash report.
Existing home sales fell 4.1 percent in October to a seasonally-adjusted annual rate of 3.79 million units, representing a 14.6 percent decrease in sales versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long broke down the report in a new NAFCU Macro Data Flash report.
