SBA: Illinois Entrepreneur Awarded 2018 National Small Business Person of the Year
Entrepreneurs from West Virginia, New Mexico and Louisiana also recognized by SBA as Runners-up Linda McMahon, Administrator of the U.S. Small Business Administration today recognized and awarded this year’s Small Business Person of the Year at a ceremony and reception at the United States Institute of Peace in Washington, D.C. “It is my pleasure to announce…
FHFA: Correction and Extended Comment Period for Proposed Rule Amending FHLB Affordable Housing Program Regulation
The Federal Housing Finance Agency (FHFA) today announced that it is extending the comment period for the Agency’s proposed rule to amend the Federal Home Loan Banks’ Affordable Housing Program by 30 days. The comment period was previously set to close on May 14, 2018, 60 days after publication in the Federal Register. The comment…
FEMA: President Trump Approves Second Major Disaster Declaration for Kentucky
The Federal Emergency Management Agency (FEMA) announced today that federal disaster aid has been made available to the Commonwealth of Kentucky to supplement commonwealth and local recovery efforts in the area affected by severe storms, tornadoes, flooding, landslides, and mudslides beginning on February 21, 2018 to March 21, 2018. Federal funding is available to commonwealth,…
FEMA: President Trump Approves Disaster Declaration for Alabama
The Federal Emergency Management Agency (FEMA) announced that federal disaster aid has been made available to the State of Alabama to supplement state and local recovery efforts in the area affected by severe storms and tornadoes during the period of March 19, 2018 through March 20, 2018. The President’s action makes Federal funding available to…
SBA: National Small Business Week 2018 Kicks Off April 29th
The U.S. Small Business Administration kicks off National Small Business Week 2018 on April 29 in the nation’s capital by having SBA Administrator Linda McMahon recognize and award the nation’s top small businesses, entrepreneurs, small business advocates and champions. Since 1963, the president of the United States has issued a proclamation calling for the celebration…
SBA: Visa and SBA Kick Off National Small Business Week Hackathon in Washington, DC
Participants compete for $24k prize pool WASHINGTON – The U.S. Small Business Administration and Visa will host the first-ever National Small Business Week Hackathon at the Ronald Reagan Building in Washington, D.C. on April 27-29. App developers, business owners, ideas generators and local entrepreneurs will be challenged to mash up API’s from the U.S. Government…
FHFA: Index Shows Mortgage Rates Increased in March 2018
Nationally, interest rates on conventional purchase-money mortgages increased from February to March, 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 4.49 percent for loans closed in late March, up 21 basis points from 4.28 percent in February….
CFPB: Amendent to “Know Before You Owe” Mortgage Disclosure Rule Finalized
Today the Bureau of Consumer Financial Protection (Bureau) finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers and disclose them on a Closing Disclosure. The update is intended to provide greater clarity and certainty to…