HUD: FHA Announces Updated Policy to Assist Homeowners Affected by 2017 Natural Disasters in Puerto Rico and the U.S. Virgin Islands
FHA appeals to struggling borrowers to contact their mortgage servicers immediately WASHINGTON – To help struggling borrowers in Puerto Rico and the U.S. Virgin Islands impacted by Hurricanes Irma and Maria, the Federal Housing Administration (FHA) today announced it is updating its menu of foreclosure prevention options to allow borrowers with delinquent FHA-insured mortgages easier…
FHFA: Fannie Mae and Freddie Mac Refinance Volume Down in Second Quarter 2018
The Federal Housing Finance Agency (FHFA) today reported that Fannie Mae and Freddie Mac completed 299,466 refinances in the second quarter of 2018, compared with 356,002 in the first quarter. FHFA’s second quarter Refinance Report also shows that 2,973 loans were refinanced through the Home Affordable Refinance Program (HARP), bringing the total number of HARP…
EDA: $4.9 Million Invested to Support Tech Startups, Manufacturing and Technical Assistance in Puerto Rico
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.9 million in grants to Puerto Rico to support technology startups and manufacturing, and provide technical assistance to support economic recovery and resilience efforts in the wake of Hurricanes Irma and Maria. According to grantee estimates, the projects…
EDA: $2.5 Million Invested to Bolster Manufacturing Training in Hazard, KY
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 Kentucky Community and Technical College System of Hazard, Kentucky. According to grantee estimates, the project is expected to create 261 jobs. “The Trump Administration is committed to ensuring that American workers are…
EDA: $2 Million Invested to Support Infrastructure Development in Mocksville, NC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Davie County of Mocksville, North Carolina, for infrastructure improvements, accelerating the growth of medical and manufacturing industries in the region. According to grantee estimates, the project is expected to create 187 jobs, and…
EDA: $1.8 Million Invested for Roadway and Utility Infrastructure Needed to Support Business Expansion in Provo, UT
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.8 million grant to the Provo City Corporation of Provo, Utah, for roadway and utility infrastructure needed to support business expansion and development. According to grantee estimates, the project is expected to create 450 jobs and spur…
EDA: $1.58 Million Invested to Help Make Water Infrastructure Improvements Needed in Paulsboro, NJ
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.58 million grant to help make water infrastructure improvements needed to support additional commercial growth at the Port of Paulsboro. According to grantee estimates, the project is expected to create 150 jobs and generate $10 million in…
EDA: $1 Million Invested to Support Entrepreneurs and Small Businesses in Gulfport, MS
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Southern Mississippi Planning and Development District of Gulfport, Mississippi, to recapitalize an existing Revolving Loan Fund in support of small businesses and entrepreneurs. According to grantee estimates, the project is expected to…