HUD & VA: Additional Support Announced to Help Homeless Veterans Find Permanent Homes
Second Round of HUD-VASH vouchers to provide housing for veterans and their families In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce a second round of funding to help provide permanent homes to veterans and their…
OCC: New Report Shows Slight Improvement in Mortgage Performance
The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the third quarter of 2018. The OCC Mortgage Metrics Report, Third Quarter 2018, showed 95.4 percent of mortgages included in the report were current and performing at the end of…
FHFA: 2017 Report to Congress on Guarantee Fees Issued
The Federal Housing Finance Agency (FHFA) today released its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). The Housing and Economic Recovery Act of 2008 requires FHFA to conduct an ongoing study of the guarantee fees charged by the Enterprises and to submit a report to Congress each…
CFPB: The 2018 Financial Literacy Annual Report Sums Up a Year of Achievements in Financial Education
Financial education is a critical part of the Bureau’s mission to empower people to take more control over their economic lives. The 2018 Financial Literacy Annual Report details how the Bureau works toward this goal by: Providing financial education directly to the public, and by expanding local delivery of financial information Sharing research on effective financial…
ABA: American Bankers Association Donates to Bank Wildfire Relief Fund
As part of the banking industry’s ongoing response to the most devastating wildfires in California history, the American Bankers Association announced today that it will donate a total of $45,000 to three different funds created by California banks to help those impacted by the fires including bank employees. The ABA donations were made after a…
FEMA: President Trump Approves Major Disaster Declaration for Connecticut
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of Connecticut to supplement state, tribal, and local recovery efforts in the areas affected by severe storms and flooding from September 25 to September 26, 2018. Federal funding is available to the state, tribal, and local governments, and…
FEMA: $64 Million in Additional Federal Grants to Puerto Rico Announced
FEMA has awarded more than $64 million to Puerto Rico to cover costs related to Hurricane Maria. These awards bring to $4.6 billion the amount of funds obligated under FEMA’s Public Assistance program. The latest grants approved are as follows: More than $44 million to the Puerto Rico Department of Education for debris removal and…
Census Bureau: New ACS Data on Median Household Income, Poverty Rates and Computer & Internet Use
American Community Survey Releases New Data for All Communities Nationwide Today, the U.S. Census Bureau announced the release of the 2013-2017 American Community Survey (ACS) five-year estimates, which features more than 40 social, economic, housing and demographic topics, including homeownership rates and costs, health insurance, and educational attainment. The ACS five-year data release produces statistics…
FDIC: Affordable Mortgage Lending Guide Information Updated
Summary: The FDIC has updated the Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises to reflect the most up-to-date information available about the mortgage products offered through federal housing programs, Fannie Mae and Freddie Mac. Statement of Applicability to Institutions with Less Than $1 Billion in Assets: This Financial Institution Letter…
CFPB: Advisory Committees Meet to Discuss Emerging Trends in Financial Services Technology
The Bureau of Consumer Financial Protection (Bureau) meets Thursday with its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council, committees of experts who advise Bureau leadership on a wide range of consumer financial issues and emerging market trends. This joint meeting is the second such gathering this year since the appointment…