ABA: Bank Economists Expect Credit Conditions to Soften in the Second Half of the Year
The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee (EAC). The EAC includes chief economists from North America’s largest banks. Readings above 50 indicate that, on net, bank economists expect business and household credit conditions to improve, while readings…
HUD: Final Standards Issued to Align and Consolidate Inspection Requirements in Assisted and Insured Housing
Notice marks HUD’s first comprehensive overhaul of Inspection Standards in more than 20 years Today, the U.S. Department of Housing and Urban Development (HUD) announced the pending publication of the Final Inspection Standards Notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. The notice details inspectable items at HUD-assisted and Multifamily-insured…
FHFA: 2022 Report to Congress Issued
The Federal Housing Finance Agency (FHFA) today released its 2022 Report to Congress. The statutorily required report provides information about FHFA’s 2022 examinations of Fannie Mae, Freddie Mac (the Enterprises), Common Securitization Solutions (CSS), the 11 Federal Home Loan Banks (FHLBanks), and the FHLBanks’ Office of Finance. It also describes FHFA’s actions as conservator of the…
ABA: Foundation Joins FBI to Issue Guide for Banks to Prevent Elder Financial Exploitation
Guide offers tips and other information to help front-line bank staff detect and prevent elder financial exploitation In recognition of World Elder Abuse Awareness Day, the American Bankers Association Foundation and the Federal Bureau of Investigation today released a new guide with critically important tips and information to help bank employees detect and prevent elder financial…
HUD: FHA Launches New Resources to Remove Language Barriers for Borrowers
Multi-language translations of single family mortgage documents offer new resources for lenders and servicers when working with borrowers with limited English proficiency. Today, the Federal Housing Administration (FHA) is making available in Chinese, Korean, Spanish, Tagalog, and Vietnamese more than 30 single family mortgage documents and related resources used in the origination of FHA-insured mortgages….
EDA: $1 Million Invested to Support Aerospace Manufacturing Business Growth in Luling, TX
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the city of Luling, Texas, to support business growth and job creation through infrastructure improvements at the city’s industrial park. This grant will provide roadway, water, and broadband improvements to support business expansion in…
ABA: Joanne Campbell and Jim Bedsole Receive ABA Distinguished Service Awards for Risk and Compliance
Joanne Campbell, executive vice president of enterprise risk management and chief risk officer for Camden National Bank in Camden, Maine, and Jim Bedsole, senior vice president and chief compliance and risk officer for BankSouth in Greensboro, Ga., today received the 2023 American Bankers Association’s Distinguished Service Award for Risk and the Distinguished Service Award for…
HUD: Agency and Terner Housing Innovation Labs Announce Event Series on Impact of Technology on the Housing Field
During last Friday’s kickoff ceremony for the Innovative Housing Showcase, Secretary Marcia L. Fudge announced a new partnership between the U.S. Department of Housing and Urban Development (HUD) and the Terner Housing Innovation Labs at UC Berkeley (Terner Labs) to convene an event series focused on the implications of new technologies for housing supply, access,…
OCC: Comments Requested on Proposed Annual Public Trust in Banking Survey
The Office of the Comptroller of the Currency (OCC) today announced a request for information to gather input on a proposed annual trust survey with the goal of understanding, measuring, and tracking the public’s trust in banking and bank supervision by the OCC and other banking regulators over time. The OCC invites interested members of…
FEMA: 2023 National Preparedness Month Theme Announced Focused on Helping Older Adults Prepare for Disaster
Months ahead of September’s National Preparedness Month, FEMA Administrator Deanne Criswell announced today that the Ready Campaign’s 2023 National Preparedness Month campaign will focus on preparing older adults for disaster, specifically older adults from communities that are disproportionally impacted by the all-hazard events, which continue to threaten the nation. The early announcement is designed to…