CFPB: Resolve to Take Control of Your Debt in the New Year
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. 1. Budget Creating a budget will help you figure out how much money you have to pay down your debts, while also covering your…
FEMA: Puerto Rico’s Recovery Brings Opportunity to Improve
As 2018 ends, Puerto Rico’s transformation from hurricanes Irma and Maria has pivoted toward making the island stronger and more resilient. The island’s long-term recovery envisions enhanced infrastructure and communities more capable of withstanding events like the 2017 hurricanes. The Government of Puerto Rico and FEMA have collaborated on several recovery projects that meet these…
FHFA: Index Shows Mortgage Rates Increased in November 2018
Nationally, interest rates on conventional purchase-money mortgages increased from October to November, 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 4.86 percent for loans closed in late November, up 11 basis points from 4.75 percent in October….
FHFA: House Price Index Up 0.3 Percent in October 2018
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly…
CFPB: Policy Guidance Announced on Disclosure of Home Mortgage Data
The Consumer Financial Protection Bureau (Bureau) today announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy. HMDA requires lenders to collect, report, and publicly disclose loan-level data about their mortgage applications, originations, and purchases. …
FEMA: $195 Million in Additional Federal Grants to Puerto Rico Announced
FEMA has awarded more than $195 million to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $4.7 billion. The latest grants approved are as follows: More than $158 million to the Puerto Rico Department of Education for emergency protective measures….
HUD: $29 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents
In an effort to help public housing residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $28 million in grants to public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs and educational opportunities. See list of grant funding by…
OCC: President Trump Names Joseph M. Otting Acting Director of Federal Housing Finance Agency
Comptroller of the Currency Joseph M. Otting today issued the following statement after President Donald J. Trump designated him to become Acting Director of the Federal Housing Finance Agency (FHFA) upon completion of current Director Mel Watt’s term on January 6. I am honored that President Trump has named me Acting Director of the Federal…
FHFA: Foreclosure Preventions Surpass 4.2 Million in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008. The report also shows that nearly 25…