FEMA: President Trump Amends Disaster Declaration for the Commonwealth of the Northern Mariana Islands

FEMA announced that President Donald J. Trump made additional disaster assistance available to the Commonwealth of the Northern Mariana Islands by authorizing an increase in federal funding for certain eligible costs as a result of Super Typhoon Yutu. The President’s action authorizes federal cost share for all categories of Public […]

FHFA: Indices Show Little Movement in Mortgage Interest Rates in December 2018

Nationally, interest rates on conventional purchase-money mortgages were nearly flat from November to December, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.83 percent for loans closed in late December, down 3 […]

Federal Reserve: Beginning November 28th, FRB Intends to Begin Publishing Semiannual Report on Assessment of U.S. Financial Stability

The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board’s view of the outlook for U.S. financial stability. The Financial Stability Report will include a summary of the Board’s framework for assessing the resilience of the U.S. financial system and a discussion of […]

CDFI Fund: CDFI Certification Application Now Available in AMIS

In June, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it would not accept new applications for certification as a Community Development Financial Institution (CDFI) for a 90-day period, beginning August 1, 2018. The CDFI Fund needed to temporarily halt the application submission […]

EDA: $616,758 Invested to Support Entrepreneurs and Small Businesses in Bedford County, PA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $616,758 grant to the Bedford County Chamber Foundation of Alum Bank, Pennsylvania, to renovate and repurpose a historic building to serve entrepreneurs, businesses, non-profits, and students from the region. According to grantee estimates, the project is expected […]