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ARLINGTON, Va.—New-home sales saw a slight increase of 0.4% in October to 745,000 annualized units, while prior months saw a downward revision of 75,000 units. Compared to last year, October sales were 23.1% lower, according to new data.

WASHINGTON—NCUA has not provided sufficient communication to credit unions to deal with all of the proposed changes to its call reports and, as a result, the industry isn’t ready, according to a letter to the agency from NAFCU.

WASHINGTON—Sens. Mark Kelly (D-AZ), Jacky Rosen (D-NV), Gary Peters (D-MI), Kevin Cramer (R-ND) and Angus King (I-ME) have written to the Senate Armed Services Committee calling for the inclusion of the Secure and Fair Enforcement (SAFE) Banking Act as an amendment in the fiscal year 2022 National Defense Authorization Act (NDAA).

WASHINGTON—In response to a proposed rule from the Federal Housing Finance Agency’s that would amend the government sponsored enterprises’ (GSEs’) Enterprise Regulatory Capital Framework (ERCF), NAFCU is asking for adjustment of the base risk rate for mortgages originated by credit unions.

NEW DELHI, India—India received $87 billion in remittances in 2021, and the United States was the biggest source, accounting for over 20% of these funds, the World Bank said in its latest report.