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Results: » Assets sold faster – over 30 days faster on average. » Asset managers are able to work 35% to 50% more files on average. » Our oversight provides a layer of quality control that maximizes your results. 877-557-4237 | am@adr-usa.com www.adr-usa.com FFIEC RELEASES 2013 HMDA LENDING DATA TO PUBLIC e data on 2013 lending transactions at thousands of U.S. financial institutions was made available starting Monday, the Federal Financial Institutions Examination Council (FFIEC) announced. e 7,190 financial institutions, including banks, savings associations, credit unions, and mortgage companies, covered by the Home Mortgage Disclosure Act (HMDA) released their mortgage lending transaction data for their 2013 lending activity, which includes applications, originations, denials, purchases and sales of loans, and other application- related actions. Disclosure statements for each financial institution are also included along with nationwide lending pattern statistics and each metropolitan statistical area's aggregate data. Also included are Loan/Application Registers for each financial institution, modified to protect the privacy of the borrower. e FFIEC, acting on behalf of its member agencies, prepares and distributes the mortgage lending data. Included in the HMDA data is such information as the loan amount; loan type (a VA loan, an FHA loan, or a conventional loan); the purpose of the loan (a refinancing, a home purchase, or home improvement loan); the property type (single family or multifamily); the property location (state, county, or MSA); the characteristics of the applicant (race, ethnicity, income, and gender); and data related to pricing. Other information included in the data is whether a loan subject to the Home Ownership and Protection Act (HOEPA) and whether a loan is secured or unsecured by a first or subordinate lien. e HMDA provides the most comprehen- sive data available to the public on activity in the mortgage market. It is often used for (among other purposes) examinations to determine if lenders are in compliance with fair lending and determining how those financial institutions are meeting their local communities' housing needs. e data includes about 16 million actions, 14 million home loan applications and 2.8 million loan purchases. According to the data, about 8.7 million of the applications resulted in loan originations. e number of institutions reporting data dropped by about 3 percent from 2013 to 2012. at number has been declining since 2006, when nearly 8,900 institutions reported. e decline is largely a result of the failure of some institutions as well as mergers and acquisitions. INDEX SHOWS EMPLOYMENT GROWTH SLOW BUT STEADY Following the recent Bureau of Labor Statistics report of ongoing—albeit disappointing—employment growth in August, another indicator of labor market trends shows continued steady improvement. e Conference Board released its Employment Trends Index (ETI) for August, reporting a slight increase from July to a reading of 121.29. Compared to a year ago, August's ETI was up 6.4 percent, reflecting strong gains made earlier this year as monthly payroll growth topped 200,000 for six straight months. "e strong increase in the Employment Trends Index in recent month's signals robust job growth through the fall," said Gad Levanon, director of macroeconomic research at the Conference Board, adding that August's lower-than-expected employment numbers "seem to be a one-month deviation from a stronger trend." August's increase was driven by improvements in seven of the eight indicators used to calculate the index, the group reported, with the percentage of firms unable to fill positions right now contributing the most. e index was also boosted by a drop in the percentage of Americans who say jobs are currently hard to get, which fell marginally to 30.6 percent in the Conference Board's latest Consumer Confidence Index. Also measured in the group's monthly report are government data on initial jobless claims, the number of employees hired for temporary help, and job openings, all of which are reported by the government. e one indicator not included in August's improvement was the government's weekly estimate of initial jobless claims, which hovered around the 300,000 mark throughout August.