HUD: Agency Climate Action Plan Released
As part of the Biden-Harris Administration’s whole-of-government approach to confronting the climate crisis, the U.S. Department of Housing and Urban Development (HUD) released its Climate Action Plan, which details a comprehensive strategy to reduce the agency’s energy and carbon footprint and put our nation’s communities on the path to building more equitable, efficient, and sustainable housing infrastructure….
FHFA: 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating…
HUD: Formation of Tribal Intergovernmental Advisory Committee Announced
First-of-its-kind committee will offer counsel on specific housing and infrastructure needs for Indian Country Today, the U.S. Department of Housing and Urban Development (HUD) announced the formation of the Tribal Intergovernmental Advisory Committee (TIAC), as part of the Biden-Harris Administrations commitment to engaging with Tribal Nations. The announcement comes as President Biden hosts the first…
CFPB: Input Requested on Detecting Discrimination in Mortgage Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rule and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to…
HUD: FHA 2021 Annual Financial Report to Congress Released
Capital ratio remains above statutory minimum benefitting from rapid home price appreciation and a steady recovery from COVID-19 pandemic delinquencies. The U.S. Department of Housing and Urban Development (HUD) today released its fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund. In addition to its…
FFIEC: New “Announcements” Communication Tool Announced
The Federal Financial Institutions Examination Council (FFIEC) today introduced “FFIEC Announcements,” an email notification providing relevant and timely information designed specifically for examiners and practitioners within the financial services sector. FFIEC Announcements will be distributed to the Council’s email subscribers notifying them of updates to the FFIEC’s website and InfoBases. Each Announcement will also be…
EDA: $4.9 Million in CARES Act Recovery Assistance Invested to Support Healthcare Workforce Training Efforts in Pueblo, CO
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.9 million CARES Act Recovery Assistance grant to Pueblo Community College (PCC), Pueblo, Colorado, to expand the college’s healthcare training program. The project will allow PCC to expand and grow its healthcare program, adding 225 students,…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Entrepreneurship in Peoria, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Distillery Labs, Peoria, Illinois, to create a business assistance and incubator space. This project will support local entrepreneurs by funding space and programming for local entrepreneurship and start-up…
CFPB: Action Taken to Prevent Avoidable Foreclosures
Agencies Will Examine for Compliance with COVID-19 Protections Today, the Consumer Financial Protection Bureau (CFPB), jointly with other government agencies, announced a return to enforcement of critical protections for families and homeowners. Those protections, put in place in the wake of the Great Recession to prevent another foreclosure crisis, give families the chance to find…
ABA: Foundation Whitepaper Released on Expanding Financial Service Access for Justice System-Involved Individuals
The ABA Foundation today released a new whitepaper entitled “Strategies to Expand Financial Services Access for Individuals Involved in the Criminal Justice System” that explores common barriers justice system-involved individuals face when trying to gain entry to the financial system following the completion of their sentence. By profiling existing bank initiatives, the report also outlines potential strategies…