CFPB: Report Finds Mortgage Servicers’ Pandemic Response Varies Significantly
Supervisory data show some servicers struggled to assist borrowers The Consumer Financial Protection Bureau (CFPB) today published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report’s data metrics include call handling and loan delinquency rates, and they highlight the industry’s widely varied response to the pandemic. For example, many servicers managed to…
HUD: $30 Million Awarded to Help Low-Income Elderly Homeowners Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in…
EDA: $2.5 Million in CARES Act Recovery Assistance Invested to Support Business Development and Training at Stephen F. Austin State University in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million CARES Act Recovery Assistance grant to Stephen F. Austin State University, Nacogdoches, Texas, to support the Center for Applied Research and Rural Innovation and promote business development and workforce training efforts. This EDA grant,…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Support Tourism Recovery in Maine
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Maine Department of Economic and Community Development, Augusta, Maine, to boost the state’s tourism industry through promotion and marketing. This EDA grant, to be matched with $600,000…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Healthcare and Workforce Training at Cossatot Community College in Arkansas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Cossatot Community College of the University of Arkansas, De Queen, Arkansas, to support a Medical Mobile Unit and create a healthcare simulation lab and telemedicine space at all…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Aurora, IL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to Invest Aurora, Aurora, Illinois, to capitalize and administer a Revolving Loan Fund, providing gap financing to small local businesses. This EDA grant, to be matched with $500,000 in…
EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Transportation, Business Development and Tourism in Taos, NM
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the town of Taos, New Mexico, to build critical infrastructure to support the Taos Regional Airport and an adjacent business park. This EDA grant, to be matched with…
EDA: $713,300 Invested to Support Manufacturing and Business Expansion Efforts in Caldwell, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $713,300 grant to the city of Caldwell, Texas, to make critical infrastructure improvements needed to support the growth of manufacturing in the region. This EDA grant, to be matched with $287,860 in local investment, is expected to create 23 jobs, retain 201…
OCC: Updated Contact Information Issued for Certain Notices and Posters Regarding CRA, Fair Housing Act and Equal Credit Opportunity Act
Summary This bulletin informs national banks, federal savings associations, and federal branches and agencies of foreign banking organizations (collectively, banks) of the appropriate names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act, and for posters under the Fair Housing Act. Banks should make the appropriate changes to…
CFPB: Interpretive Rule Issued on Certain Mortgage and Disclosure Timing Requirements for the 2021 Juneteenth Federal Holiday
Interpretive Rule will Help Mortgage Industry Determine How to Handle the June 19, 2021 Holiday The Consumer Financial Protection Bureau (CFPB) today released an interpretive rule to assist the mortgage industry in determining whether to treat June 19, 2021, as a federal holiday or a business day for purposes of compliance with certain time-sensitive borrower…