CRA Newswire

FEMA: President Trump Approves Emergency Disaster Declaration for Arkansas

FEMA announced that federal emergency aid has been made available to the state of Arkansas to supplement state and local response efforts to the emergency conditions in the area affected by Hurricane Laura beginning Aug. 26, 2020, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating…

Census Bureau: Small Business Pulse Survey Phase 2 Weekly Data Release

The U.S. Census Bureau today released new data from the second phase of the experimental Small Business Pulse Survey. Data collection began Aug. 9, 2020. Results will be released weekly starting Aug. 20 through Oct. 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well as…

HUD: FHA Extends Foreclosure and Eviction Moratorium for Homeowners through Year End

Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery Today, the Federal Housing Administration (FHA) announced the third extension of its foreclosure and eviction moratorium through December 31, 2020, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. This extension provides an additional…

FHFA: Foreclosure and REO Eviction Moratoriums Extended

Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least December 31, 2020.  The foreclosure moratorium applies to…

CFPB: New Guide Released to Assist Non-Filers in Accessing their Economic Impact Payments

The Consumer Financial Protection Bureau (CFPB) released a guide to assist intermediaries in serving individuals to access their Economic Impact Payments (EIPs). The guide, Helping Consumers Claim the Economic Impact Payment: A guide for intermediary organizations , provides step-by-step instructions for frontline staff on how to: Discuss the EIP with their clients Determine if clients need to take…

CFPB: Analysis of 2019 HMDA Data Points Issued

Today the Consumer Financial Protection Bureau (Bureau) issued a new Home Mortgage Disclosure Act (HMDA) analysis of the 2019 HMDA Data. This data article is the second in a series and follows the first article  published in June of this year. The Home Mortgage Disclosure Act (HMDA) is a data collection, reporting, and disclosure statute that was…

Census Bureau: New Report Released on Retail Workers

Today, the U.S. Census Bureau released Retail Workers: 2018, a new report on the nation’s retail workforce. Retail jobs are some of the most common occupations in the United States. This report does not reflect any possible economic impacts related to COVID-19, but instead serves as a pre-crisis benchmark for future research. In 2018, 9.8 million…

FHFA: Agency Extends Buying Loans in Forbearance & COVID-19 Loan Processing Flexibilities

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30, 2020.  The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on August 31, 2020….

Federal Reserve: Governor Bowman Discusses the Pandemic’s Effect on the Economy and Banking

Speech: The Pandemic’s Effect on the Economy and Banking Governor Michelle W. Bowman At the Kansas Bankers Association CEO and Senior Management Forum/Annual Meeting, Topeka, Kansas (via webcast) Good afternoon. It’s great to be with you, and I look forward to our discussion. As you all know, the COVID-19 pandemic has caused significant disruption and…