ABA: Officers, Board Elected for 2018-2019
Members attending the American Bankers Association’s annual convention in New York have elected new ABA officers and directors to serve on ABA’s board for the 2018–2019 association year. The new officers are: CHAIRMAN: Jeffrey M. Szyperski, chairman, president and CEO, Chesapeake Bank, Kilmarnock, Va.; CHAIRMAN-ELECT: Laura Lee (Laurie) Stewart, president and CEO, Sound Community Bank,…
ABA: Jeffery Szyperski, Virginian Banker, Elected as New ABA Chairman
Today the American Bankers Association elected Jeffrey M. Szyperski as its chairman for the 2018-2019 association year. The election took place during ABA’s annual convention in New York. Szyperski is also chairman, president and CEO of Chesapeake Financial Shares, Inc., and Chesapeake Bank, an $820 million institution based in Kilmarnock, Va. In addition, he is…
HUD: FHA Announces Streamlined Claim Payment Requirements in Home Equity Conversion Mortgage Program
Action intended to speed reverse mortgage claim payments The Federal Housing Administration (FHA) today announced revised requirements for Home Equity Conversion Mortgage (HECM) servicers when they assign FHA-insured reverse mortgages to the agency for claim payment. Effective immediately, FHA-approved HECM servicers can use alternative supporting documentation in lieu of previously required materials that, in many…
HUD: Trump Administration Marks National Lead Poisoning Prevention Week
HUD, HHS and EPA reinforce ways to protect children from lead exposure To kick off National Lead Poisoning Prevention Week (NLPPW), leaders of President Donald Trump’s Task Force on Environmental Health Risks and Safety Risks to Children are raising awareness about the health risks associated with exposure to lead, specifically for children. NLPPW, which will…
FDIC: Advisory Committee on Economic Inclusion to Meet on October 24th
The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Wednesday, October 24 to discuss the 2017 FDIC Household Survey data results, review of UK-Financial Conduct Authority (FCA) mobile study, and youth employment programs and deposit accounts. The meeting will be open to the general public and will be held…
ABA: Bankers Celebrate Get Smart About Credit Day, Promote Financial Literacy
Bankers visit classrooms across the country on Oct. 18 to teach credit education Bankers across the country are celebrating the American Bankers Association Foundation’s Get Smart About Credit Day today by visiting high school classrooms to teach teens how to use credit effectively. Get Smart About Credit Day, celebrated annually on the third Thursday of…
HUD: “Humans of HUD” Photoblog Launched
Project highlights the trials and triumphs of the people HUD serves The U.S. Department of Housing and Urban Development today announced the launch of ‘Humans of HUD’ – a photoblog dedicated to documenting the journeys of people who are impacted by the Department’s programs and services. The inspiring collection of photos and stories are part…
HUD: Public Housing Agencies Invited to Join Meeting to Work Demonstration Project
MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting public housing agencies to join the Department’s expanding Moving to Work demonstration program. Moving to Work (MTW) allows public housing agencies (PHAs) to practice greater program flexibility and encourages housing choice and self-sufficiency among…
FHFA: Mortgage Translations Clearinghouse Launched to Help Borrowers with English Language Barriers
The Federal Housing Finance Agency (FHFA), Freddie Mac (OTCQB:FMCC), and Fannie Mae (FNMA/OTC) together announce the launch of Mortgage Translations – a centralized clearinghouse of online resources to assist lenders, servicers, housing counselors, and other real estate professionals in serving limited English proficient (LEP) borrowers. LEP borrowers make up a growing share of today’s mortgage…
EDA: U.S. Commerce Department Announces Tenth Americas Competitiveness Exchange
Senior Officials from Across the Western Hemisphere and other Nations to Visit Northern California’s Innovation and Entrepreneurship Hubs WASHINGTON – Today, the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50 high-level representatives…