By Thomas F. Siems, Ph.D., CSBS Chief Economist The CSBS second quarter 2024 Community Bank Sentiment Index (CBSI) indicates that community bankers are less pessimistic than they have been since the end of 2021, but some concerns persist. The Federal Reserve’s aggressive monetary policy tightening over the past 27 months has significantly raised interest rates, resulting in greater deposit competition
Community banker sentiment remains near-neutral for a second quarter but is still rising; in the second quarter of 2024, the Community Bank Sentiment Index (CBSI) reached its highest level recorded since 2021. CSBS Chief Economist Tom Siems joins us today to explore what is driving a near-neutral sentiment from community bankers, how uncertainty impacts a community bank's outlook, and what
WASHINGTON, D.C. – The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data are used
System updates will improve the user experience and create greater efficiencies Washington, D.C. – The Conference of State Bank Supervisors (CSBS) is set to release the first phase of large-scale enhancements for the Nationwide Multistate Licensing System & Registry (NMLS) on July 20. The system updates will resolve pain points for professionals across the mortgage, consumer finance, debt, and money
Download the Full Comment Letter [PDF] July 15, 2024 Federal Housing Finance Agency Division of Bank Regulation 400 7th Street SW Washington, DC 20219 Re: Federal Home Loan Bank Core Mission Activities and Mission Achievement Dear Sir or Madam, The Conference of State Bank Supervisors (“CSBS”) 1 and the National Association of State Credit Union Supervisors (“NASCUS”) 2 (collectively, “state
Washington, D.C. – The Federal Housing Finance Agency (FHFA) should not make any changes to the Federal Home Loan Bank System that would undermine the ability of institutions to access essential funding, the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) said in a joint comment letter today. Federal Home Loan Bank
For more information on updates to NMLS Modernization and how to get involved, visit the NMLS Modernization page on the CSBS website . Since the NMLS Annual Conference & Training in February, there’s been a lot of excitement around “NMLS Modernization.” Today, CSBS launched several new features and changes in NMLS as a part of this modernization effort. I sit
NMLS Modernization is a multi-year effort to enhance NMLS and deliver an improved user experience for state regulators and industry professionals – those who rely on NMLS the most. Today, we're excited to announce the first release of system enhancements as a part of NMLS Modernization. This release sets the foundation for future major enhancements as part of the modernization
CSBS has enhanced NMLS to provide industry users with a simplified account setup and management process. The new streamlined and secure process allows NMLS industry users to create one username and password to access NMLS. This enhancement improves the account management process for more than 50,000 NMLS users who have more than one account. How it works The username for
CSBS has enhanced NMLS to provide users more self-service options to reset their username and password without having to contact the NMLS Call Center or their account administrator. This enhancement puts the ability to manage a personal task back into the hands of system users. The new username and password reset process follows best practices for maintaining secure NMLS access
