HUD: Record $2 Billion Awarded to Thousands of Local Homeless Assistance Programs Across U.S.
The U.S. Department of Housing and Urban Development today awarded a record $2 billion to support more than 7,300 local homeless assistance programs across the nation. HUD’s Continuum of Care grants provide critically needed support to local programs on the front lines of serving individuals and families experiencing homelessness. View a complete list of all…
SBA: New Grant Opportunities Announced for Women’s Business Center Funding
The U.S. Small Business Administration has announced the availability of two new grant opportunities for established and aspiring Women’s Business Center host organizations to provide outcome-oriented business services for women entrepreneurs. The first grant funding opportunity is the Women’s Business Center Initial Phase Grant (#OWBO-2017-01-1) that will provide $75,000 for up to six eligible nonprofit…
ABA: America’s 2 Million Bankers Encouraged to Register for ABA Foundation’s 2018 Financial Education Initiatives
ABA Foundation programs call for banker volunteers to join growing, industry-wide efforts designed to help local communities The American Bankers Association Foundation today launched its 2018 financial education registration campaign, calling on banker volunteers from across the country to register for a range of successful, industry-wide programs designed to enhance financial education in their local…
FDIC: Resource Guide Highlights Collaborative Opportunities with Minority Depository Institutions
The Federal Deposit Insurance Corporation (FDIC) today issued a resource guide that underscores ways insured depository institutions, including community banks, can partner with minority depository institutions (MDIs) to the benefit of all institutions involved, as well as the communities they serve. The resource guide also notes that banks may realize business and regulatory benefits from…
FHFA: 2018 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2018 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). These goals include: Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid,…
Federal Reserve: Expectations for Supervised Institutions Regarding Amended Regulation C
Expectations for Supervised Institutions Regarding Amended Regulation C Applicability to Community Banking Organizations: This guidance applies to all institutions supervised by the Federal Reserve, including those with total consolidated assets of $10 billion or less. This letter provides guidance on the Federal Reserve Board’s supervisory expectations in connection with early examinations of Board-supervised institutions for…
FDIC: Home Mortgage Disclosure Act Statement on Institutions’ Good Faith Compliance Efforts
Printable Format: FIL-63-2017 – PDF (PDF Help) Summary: The FDIC is issuing a statement regarding the evaluation of financial institutions’ compliance with the Home Mortgage Disclosure Act (HMDA), implemented by Regulation C. Specifically, for HMDA data collected in 2018 and reported in 2019, the FDIC does not intend to require data resubmission unless data errors…
HUD: Guide Released to Help Struggling Homeowners Avoid Foreclosure
Guide helps borrowers and disaster victims to understand mortgage options and avoid scams The U.S. Department of Housing and Urban Development today released the Homeowners Guide to Success as part of a public-private partnership between federal agencies and industry partners. The guide provides homeowners with information on the critical first steps to take if they…
FHFA: Request Issued for Input on Fannie Mae and Freddie Mac Credit Score Requirements
The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) to obtain feedback about the operational and competition considerations of changing Fannie Mae and Freddie Mac’s (the Enterprises) current credit score requirements. The credit scores being evaluated by FHFA and the Enterprises are Classic FICO, FICO 9 and VantageScore 3.0. The Enterprises…
FDIC: History of the Agency’s Response to the Financial Crisis Publication Released
The Federal Deposit Insurance Corporation (FDIC) on Monday released a history of the financial crisis focusing on the agency’s response and lessons learned from its experience. Crisis and Response: An FDIC History, 2008–2013 reviews the experience of the FDIC during a period in which the agency was confronted with two interconnected and overlapping crises—first, the…