Industry News

FHFA: Timing for Implementation of Release 2 of the Common Securitization Platform

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published An Update on Implementation of the Single Security and the Common Securitization Platform.   The Update includes the timeframe for Release 2 of the Common Securitization Platform (CSP), planned for the second quarter of 2019.  Release 2 will allow Fannie Mae and Freddie Mac (the…

SBA: Administrator McMahon Appoints Joseph Shepard as Head of Investment and Innovation

WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration  announced today that Joseph Shepard will serve as the Associate Administrator for the Office of Investment and Innovation. “It is my pleasure to welcome Joe to the SBA,” McMahon said. “His previous public sector experience at SBA overseeing the SBIC program, as well as…

SBA: Administrator Announces National Small Business Week Awardees

WASHINGTON – Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the 2017 National Small Business Week awardees for 16 different categories ranging from exporting, outreach, contracting, lending, disaster recovery to manufacturing and research and development. Last week McMahon announced the 54 Small Business Person of the Year state and territorial…

CDFI Fund: Important Reminders for FY 2017 CDFI Program and NACA Program Round Applicants

As a reminder for interested fiscal year (FY) 2017 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 24, 2017 at 11:59 PM Eastern. The deadline for…

SBA: 2017 Houston Small Business Person of the Year and Small Business Champions Named

HOUSTON – The U.S. Small Business Administration (SBA) has named Stuart A. Lynn the 2017 Houston District Small Business Person of the Year. Stuart A. Lynn is Founder and CEO of Lynn & Associates Engineering and Windstorm located in Bay City, Texas. They are a design and consulting engineering firm that provides civil engineering, structural engineering,…

CDFI Fund: Update for FY 2016 Round BEA Program Applicants – Electronic Application Now Available

The electronic application for the fiscal year (FY) 2016 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their…

SBA: Administrator Honors Nation’s Top Small Businesses

WASHINGTON – Administrator Linda McMahon, the head of the U.S. Small Business Administration, announced today this year’s Small Business Person of the Year winners from the 50 states, the District of Columbia, Puerto Rico, Guam and the U.S. Virgin Islands. All of the winners have been invited to attend ceremonies in Washington, D.C on April…

HUD: 2018 Budget Proposed

Today, the Administration proposed a Fiscal Year 2018 spending blueprint for discretionary programs in several agencies across the Federal Government, including the U.S. Department of Housing and Urban Development. The blueprint reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency….

SBA: National Small Business Week Announced

WASHINGTON – Today, the head of the U.S. Small Business Administration (SBA), Administrator Linda McMahon announced that this year’s National Small Business Week will be held from April 30-May 6, 2017. McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners from around the country. She will…

FDIC: Tool to Prevent Elder Financial Exploitation Enhanced

The Federal Deposit Insurance Corporation (FDIC) today announced enhancements to its Money Smart for Older Adults curriculum that provide new information and resources to help older adults and their caregivers avoid financial exploitation through fraud and scams. Money Smart for Older Adults identifies common types of elder financial exploitation, such as imposter scams and identity theft, and is…