HUD: $29 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents

In an effort to help public housing residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $28 million in grants to public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs and educational opportunities. See […]

OCC: President Trump Names Joseph M. Otting Acting Director of Federal Housing Finance Agency

Comptroller of the Currency Joseph M. Otting today issued the following statement after President Donald J. Trump designated him to become Acting Director of the Federal Housing Finance Agency (FHFA) upon completion of current Director Mel Watt’s term on January 6. I am honored that President Trump has named me […]

FHFA: Foreclosure Preventions Surpass 4.2 Million in Third Quarter 2018

The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008.  The report […]

Joint Release: Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions Released

The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated […]

EDA: $666,000 Invested to Support Manufacturing Growth in New Hampshire

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $666,000 grant to the Winchester Economic Development Corporation of Winchester, New Hampshire, to help make roadway, sewer and water infrastructure improvements needed to establish a manufacturing-focused industrial park. According to grantee estimates, the project is expected to […]

HUD: Trump Administration Unveils Federal Action Plan to Reduce Childhood Lead Exposure

The U.S. Department of Housing and Urban Development (HUD), U.S. Environmental Protection Agency (EPA), and U.S. Department of Health and Human Services (HHS) today unveiled the Trump Administration’s Federal Lead Action Plan to Reduce Childhood Lead Exposures and Associated Health Impacts (Lead Action Plan). “HUD is delighted to join the […]

HUD: $139 Million Awarded to Protect Families from Lead and Home Hazards

Funding to make low-income housing safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded more than $139 million to 48 state and local government agencies to protect children and families from lead-based paint and home health hazards. HUD Secretary Ben Carson made the grant announcement […]

FHFA: 2019 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions

The Federal Housing Finance Agency (FHFA) today released the 2019 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS).  The 2019 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie […]

FHFA: Fannie Mae and Freddie Mac’s Modified Underserved Markets Plan for Duty to Serve Program Published

The Federal Housing Finance Agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program.  The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018. FHFA requested public input in October 2018 on the Enterprises’ proposed Duty […]