FHFA: Second Quarter 2022 Foreclosure Prevention and Refinance Report Released
More than 6.5 million troubled homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its second quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 96,945 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to…
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) today announced three new members of its Executive Committee, effective October 10, 2022. Beverly Cole has been selected as the Senior Deputy Comptroller for Midsize and Community Bank Supervision. She will lead a team of 1,600 people in the supervision of more than 1,000 national banks…
CFPB: New Effort Launched to Spur New Opportunities for Homeowners in the Mortgage Market
Agency seeks information on refinances, mortgage products to promote competition and support household financial stability The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for…
SBA: $7.2 Million in PRIME Grants Awarded to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Grants Will Help 38 Small Business Support Organizations Provide Technical Assistance and Training Services to Economically Disadvantaged Businesses, Rural Small Businesses, and Foreign Language Entrepreneurs Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced a $7.2 million grant award to 38…
HUD: $176.4 Million in Grant Funding Made Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors
Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of up to $174.6 million in grant funding opportunities through a Notice of Funding Opportunity (NOFO) to support the…
SBA: Expansion of Ascent Online Digitial Platform Programming Announced
The digital platform focused on providing women-owned small businesses training resources, offers new course on how to expand into international markets Today, the U.S. Small Business Administration (SBA) launched “Growing Globally”, one of several training courses housed in the revamped Ascent online learning platform. “Growing Globally” specifically explores ways women entrepreneurs can expand their small businesses into new, international markets….
SBA: Inaugural Small Business Cyber Summit to Take Place During National Cybersecurity Month
On October 26, the SBA Will Convene Experts from the Cybersecurity and Business Worlds to Share Best Practices and Practical Tools to Help Small Businesses Bolster Their Cyber Defenses Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that the agency…
EDA: Over $85 Million in American Rescue Plan Funds Invested Last Week
The following grants were made under the American Rescue Plan Funds program: September 21, 2022 – U.S. Department of Commerce Invests $2.5 Million in American Rescue Plan Funds to Boost High Speed Internet Connectivity in Southwest Louisiana September 20, 2022 – U.S. Department of Commerce Invests $5.3 Million in American Rescue Plan Funds for Wastewater Infrastructure to…
EDA: $604,114 Invested to Spur Collaboration and Innovation and Create Jobs in the Life Sciences and Healthcare Industries in the Greater Washington Metropolitan Region
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $604,114 grant to Connected DMV, Arlington, Virginia, to develop the Life Sciences & Healthcare Quantum Innovation Hub, a 12-month pilot program to accelerate those industries in the in the Greater Washington, D.C. metropolitan region. This project will spur collaboration and innovation across…
EDA: $1.5 Million Invested for Water and Sewer System Upgrades in Support of Job Creation and Workforce Development in Franklin County, VA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the town of Highgate/Village of Swanton, Highgate Center, Vermont, to support business and job growth efforts by extending water and sewer service from Swanton to the Franklin County Airport. This project will provide…