EDA: US Department of Commerce Invests $15.8 Million in First Awards for Fiscal Year 2025 Disaster Supplemental Funding to Support Economic Recovery in 11 States and Territories
Today, U.S. Secretary of Commerce Howard Lutnick announced the Department’s Economic Development Administration (EDA) is awarding $15.8 million in Fiscal Year 2025 Disaster Supplemental funding. These awards will support economic recovery efforts in several states that received major disaster declarations in 2023 and 2024, due to storms and other weather-related events. These awards are the…
OCC: First and Second Quarter 2025 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the first and second quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
findCRA to Lead CRA Session at the Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock
findCRA will be onsite on September 11th at the annual Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock. During the conference, findCRA’s President, COO & Co-Founder, will lead a general session covering the 2024 CRA final rule and its potential impacts to bankers within the state. The session will also dive into best practices for…
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligiblity Requirements
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) – the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the Enterprises. “Financially sound private mortgage insurance…