FEMA: President Trump Approves Major Disaster Declaration for Florida
FEMA announced that federal emergency aid has been made available for the state of Florida to supplement the state, tribes and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020, and continuing. The President’s action makes federal funding available for Crisis Counseling for affected individuals…
FFIEC: Financial Regulators Highlight Coordination and Collaboration of Efforts to Address COVID-19
The Federal Financial Institutions Examination Council continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them. FFIEC members, who met as a group yesterday, are actively discussing and identifying appropriate measures, both collaboratively and individually, to…
FHFA: House Price Index Up 0.3 Percent in January; Up 5.2 Percent from Last Year
U.S. house prices rose in January, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.2 percent from January 2019 to January 2020. The previously reported 0.6 percent increase for December 2019 was revised upward to 0.7 percent. For the nine census divisions, seasonally adjusted monthly house…
EDA: $2.5 Million Invested to Establish New Business Incubator in Valdosta, GA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the Valdosta and Lowndes Chamber of Commerce in Valdosta, Georgia to fund the construction of a new business incubator. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will…
EDA: $1.1 Million Invested to Provide Critical Infrastructure to Support Disaster Resiliency in Jasper County, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Jasper County, South Carolina, to provide critical road and stormwater infrastructure improvements to a major highway evacuation route. The EDA grant will be matched with $750,000 in local funds. “President Trump is committed…
OCC: Bulletin Outlines Essential Critical Infrastructure Workers in the Financial Services Sector
Summary: OCC Bulletin 2020-23 The Office of the Comptroller of the Currency (OCC) recognizes the potential for the coronavirus (also referred to as COVID-19) to adversely affect bank1 operations, including the movement of workers responsible for the operations and maintenance of critical infrastructure. On March 19, 2020, the Cybersecurity and Infrastructure Security Agency (CISA) issued a memorandum…
FEMA: Trump Approves Major Disaster Declaration for Louisiana
FEMA announced that federal emergency aid has been made available for the state of Louisiana to supplement the state, tribes and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020, and continuing. The President’s action makes federal funding available for Crisis Counseling for affected individuals…
FEMA: President Trump Approves Major Disaster Declaration for Iowa
FEMA announced that federal emergency aid has been made available for the state of Iowa to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020, and continuing. The President’s action makes federal funding available to state, tribal and eligible local governments…
HUD and Census Bureau: New Residential Sales Report for February 2020
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 2020: New Home Sales Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000. This is 4.4 percent (±14.8 percent)* below the revised January…
FHFA: More Than 4.4 Million Homeowners Helped Since Conservatorship
The Federal Housing Finance Agency (FHFA) today released its fourth quarter 2019 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 25,930 foreclosure prevention actions in the fourth quarter of 2019, bringing to 4.407 million the number of troubled homeowners who have been helped during conservatorships. The report also shows that nearly 40 percent…