FHFA: 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating…
HUD: Formation of Tribal Intergovernmental Advisory Committee Announced
First-of-its-kind committee will offer counsel on specific housing and infrastructure needs for Indian Country Today, the U.S. Department of Housing and Urban Development (HUD) announced the formation of the Tribal Intergovernmental Advisory Committee (TIAC), as part of the Biden-Harris Administrations commitment to engaging with Tribal Nations. The announcement comes as President Biden hosts the first…
CFPB: Input Requested on Detecting Discrimination in Mortgage Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rule and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to…
Census Bureau: Small Business Pulse Survey Phase 7 Started
The U.S. Census Bureau today announced the beginning of data collection for Phase 7 of the Small Business Pulse Survey (SBPS). This experimental survey was designed and launched in April 2020 to measure the effect of changing business conditions during the coronavirus pandemic, as well as other major events such as hurricanes on our nation’s small businesses….
HUD: FHA 2021 Annual Financial Report to Congress Released
Capital ratio remains above statutory minimum benefitting from rapid home price appreciation and a steady recovery from COVID-19 pandemic delinquencies. The U.S. Department of Housing and Urban Development (HUD) today released its fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund. In addition to its…
FHFA: FY 2021 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2021. For the thirteenth consecutive year, FHFA received an unmodified audit opinion on its…
FEMA: Funding for COVID-19 Response Will Continue Through April 1, 2022
President Joseph R. Biden, Jr. announced Tuesday that funding to support all eligible COVID-19 work will continue at a 100% federal cost share through April 1, 2022. This funding will be available to local, state, tribal or territorial governments and certain non-profit organizations for eligible costs associated with ongoing COVID-19 recovery efforts and vaccine initiatives. FEMA will continue…
Census Bureau: 2020 American Community Survey 5-year Data Delayed Until March 2022
The U.S. Census Bureau is committed to producing high-quality data. The Census Bureau recognizes the critical importance of the American Community Survey (ACS) 5-year data, in particular, on government and business decision-making and the need for quality ACS data for that purpose. To reflect our quality standards, the Census Bureau must delay the 2016-2020…
FFIEC: New “Announcements” Communication Tool Announced
The Federal Financial Institutions Examination Council (FFIEC) today introduced “FFIEC Announcements,” an email notification providing relevant and timely information designed specifically for examiners and practitioners within the financial services sector. FFIEC Announcements will be distributed to the Council’s email subscribers notifying them of updates to the FFIEC’s website and InfoBases. Each Announcement will also be…
Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic
Summary: The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies) are issuing a joint statement to alert industry that the supervisory flexibilities outlined in the April…