OCC: Report Shows Decline in Mortgage Performance for Fourth Quarter 2020
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the fourth quarter of 2020. The OCC Mortgage Metrics Report, Fourth Quarter 2020 showed that 93.3 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
ABA: New York Teen Named Grand Prize Winner of National “Lights, Camera, Save!” Video Contest
Leonardo Cross, an 18-year-old student at High School of Art and Design in New York is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages teens ages 13 to 18 to use video to communicate the…
Census Bureau: New Report Examines Homeownership in the United States from 2005 to 2019
The U.S. Census Bureau today released a new report that examines trends in homeownership over the last 15 years. The report, Homeownership in the United States: 2005 to 2019, is based on statistics from the American Community Survey (ACS). The report presents trends in homeownership at the national, state and county levels. For the first time ever, these…
Census Bureau: Small Business Pulse Survey Phase 4 Weekly Data Released
The U.S. Census Bureau today released new data from the fourth phase of the Small Business Pulse Survey (SBPS). Data collection began Feb. 15. Results will be released weekly Feb. 25 to April 22. The SBPS includes questions on topics such as location closings, changes in employment, disruptions in the supply chain, the use of federal assistance initiatives such…
HUD: $5 Million in COVID-19 Relief Invested for Native Hawaiians
American Rescue Plan funding helps Native Hawaiians respond to COVID-19 U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced $5 million in Native Hawaiian Housing Block Grant (NHHBG) funding under the American Rescue Plan to support the Department of Hawaiian Home Lands (DHHL) in its response to the COVID-19 pandemic….
HUD: Historic $450 Million Investment Made to Provide COVID-19 Relief Funding to Native American Communities Across the Nation
American Rescue Plan funding will help Tribal Communities respond to COVID-19 Pandemic U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge on Thursday announced $450 million in Indian Housing Block Grants (IHBG) to Indian tribes across the country to respond to COVID-19. This funding will be used to help Tribes carry out…
FHFA: 4th Quarter 2020 Foreclosure Prevention and Refinance Report Released
More than 5.5 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2020 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 362,912 foreclosure prevention actions in the fourth quarter of 2020, bringing the total number of homeowners who have been…
FEMA: Funeral Assistance for COVID-19 Related Deaths Available
In early April, FEMA will begin providing financial assistance for funeral expenses incurred after Jan. 20, 2020 for deaths related to coronavirus (COVID-19) to help ease some of the financial stress and burden caused by the pandemic. The policy was finalized today, and FEMA is now moving rapidly to implement this funeral assistance program nationwide….
HUD and Census Bureau: New Residential Sales Report Issued for February 2021
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for February 2021: New Home Sales Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000. This is 18.2 percent (±13.9 percent)* below the revised January…
SBA: Lending Limit for COVID-19 Economic Injury Disaster Loans Increased
The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000…