CFPB: Video Released on How Mortgage Forbearance Works under the CAREs Act

 The Consumer Financial Protection Bureau (Bureau) has released a video on how struggling homeowners can obtain mortgage forbearance if their finances are impacted due to the COVID-19 pandemic. The Bureau has also issued additional information for consumers on mortgage and student loan payment relief and how to avoid scams. Below […]

FEMA: President Trump Approves Major Disaster Declaration for West Virginia

 FEMA announced that federal emergency aid has been made available for the state of West Virginia to supplement the state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2019 and continuing. Public Assistance federal funding is available to the […]

HUD: $200 Million in COVID-19 Relief Funding Available to Help Native American Communities Across the Nation

Recovery funding will help American Indian Communities respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $200 million in Indian Housing Block Grants (IHBG) to American Indian Tribes and Tribally Designated Housing Entities (TDHEs) across the country to respond to COVID-19. This funding […]

FDIC: MVB Bank, Inc. of Fairmont, West Virginia, Acquires The First State Bank, Barboursville, West Virginia

The First State Bank, based in Barboursville, West Virginia, was closed today by the West Virginia Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with MVB Bank, Inc. (MVB Bank) of Fairmont, […]

Federal Agencies Encourage Mortgage Servicers to Work with Struggling Homeowners Affected by COVID-19

The federal financial institution regulatory agencies and the state financial regulators issued a joint policy statement providing needed regulatory flexibility to enable mortgage servicers to work with struggling consumers affected by the Coronavirus Disease (referred to as COVID-19) emergency. The actions announced today by the agencies inform servicers of the […]

EDA: $15.67 Million Invested to Provide Critical Water Infrastructure Near South Carolina Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $15.67 million grant to the city of Walterboro, South Carolina, to make critical water infrastructure improvements needed to protect businesses from severe weather events. The EDA grant, to be located near an […]

EDA: $6.8 Million Invested to Improve Water Infrastructure in Lumberton, NC

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6.8 million grant to the city of Lumberton, North Carolina, to make critical infrastructure improvements needed to improve drainage and maintain business continuity during flood events. The EDA grant, to be matched […]