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FHFA Gains Support for Single Security Proposal

Following the Federal Housing Finance Agency's (FHFA's) recent request for input on its proposal for a single security for Fannie Mae and Freddie Mac, the Urban Institute expressed support for the idea but concern that FHFA may be unnecessarily slow in implementing such a plan.

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OCC Finalizes Heightened Risk Management Standards

The Office of the Comptroller of the Currency (OCC) announced this week that it has published final guidelines for large financial institutions regarding the strengthening of governance and risk management practices for those institutions. Covered institutions will now be required to control and manage risk-taking activities by following a written risk governance framework under the new guidelines, OCC announced.

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Credit Unions See Healthier Second Quarter

According to a quarterly report from the National Credit Union Administration (NCUA), institutions last quarter reported $673.9 billion in outstanding loan balances, an increase of 9.8 percent compared to the second quarter of 2013—the largest annual growth since the first quarter of 2006, the group reported.

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Survey: Realtors Want More Lender Support with Borrowers

Working with a public polling firm, New Jersey-based TD Bank released results Thursday from a survey it conducted with more than 150 Realtors around the United States. Most said they considered closing loans on time the most important quality in a lender and felt it was easier to work with banks focused on helping homebuyers. Two in five said they looked for banks that put buyers ahead of the lending process.

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Report: Most Markets Still Affordable for Debt-Burdened Grads

RealtyTrac's latest report on housing affordability shows that 96 percent of U.S. housing markets are still affordable for recent graduates making the median household income, even those with student loans. RealtyTrac found that the minimum amount of income needed to purchase a median-priced home, with and without student loans, was feasible in 475 out of 494 counties with a population of at least 100,000.

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August Employment Growth Lowest This Year

The Bureau of Labor Statistics reported an increase of 142,000 in U.S. payrolls last month, well short of the 230,000 predicted by economists. August's sudden slowdown snaps a six-month streak in which payroll growth came in at 200,000 or higher.

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Report: Nation’s Housing Unprepared for Aging Population

A new report from Harvard's Joint Center for Housing Studies and AARP posits that the population of adults age 50 and above will reach 132 million by 2030, a jump of more than 70 percent since the year 2000. But while their numbers are rapidly increasing, the amount of housing that is affordable, physically accessible, and located well is not, the report said.

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