The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in September 2022. The CRA is a 1977 law intended to encourage insured banks and […]
The U.S. Census Bureau today released a new report showing the housing market tightened significantly after the 2009 foreclosure crisis, absorbing much of the excess vacancy it created. The report – Which States Have the Highest Percentage of Vacant Housing Units?– examines the variation in state vacancy rates. It uses the […]
Today, the Federal Housing Administration (FHA) is announcing new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. Loan limits for most of the country will increase in the coming year due to house price appreciation during the first half of 2022, […]
Funding from Bipartisan Infrastructure Law and Inflation Reduction Act Supports Community-Driven Relocation for Threatened Communities The Biden-Harris administration today announced the launch of a new Voluntary Community-Driven Relocation program, led by the Department of the Interior, to assist Tribal communities severely impacted by climate-related environmental threats. Through investments from President […]
Today, the U.S. Department of Housing and Urban Development (HUD) announced the release of a proposed rule for the Section 184 Indian Home Loan Guarantee Program, which will modernize the program regulations and encourage homeownership opportunities in Indian Country. The proposed rule expands and revises the existing program regulations and […]
Ratio changes to 53 Percent Fannie Mae and 47 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2023 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification […]
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 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under […]
FEMA announced that federal disaster assistance has been made available to the state of West Virginia to supplement local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from July 12-13, 2022. Federal funding is available to state and eligible local governments and certain private nonprofit organizations […]
FEMA announced that federal disaster assistance has been made available to the state of West Virginia to supplement local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from Aug. 14-15, 2022. Federal funding is available to state and eligible local governments and certain private nonprofit […]
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) today released new summary tables for the 2021 Rental Housing Finance Survey (RHFS). The RHFS provides measures of financial, mortgage and property characteristics of U.S. residential properties with at least one housing rental unit. It is the only data […]