CRA Newswire

FHFA: Deadline Extended for Input on Fannie Mae and Freddie Mac UMBS Pooling Practices

The Federal Housing Finance Agency (FHFA) today announced that it will extend, from Dec. 19. 2019 to Jan. 21, 2020 the deadline for interested parties to provide input on potential changes to Fannie Mae and Freddie Mac Uniform Mortgage-Backed Security (UMBS) pooling practices.  FHFA announced on Nov. 4, 2019 that it was seeking input on the Enterprises’…

SBA: New Initiative Assists Veterans Transitioning to Civilian Life, Entrepreneurs, Small Business Owners

As National Veterans Small Business Week came to a close, three Atlantic Region federal agencies are carrying on its mission with a new initiative to assist both Veterans transitioning to civilian life as well as their families through entrepreneurship and small business ownership. The U.S. Small Business Administration (SBA), U.S. General Services Administration (GSA) and…

HUD: FHA Releases 2019 Annual Report to Congress

MMI Fund Capital Ratio continues to exceed the statutory minimum – strongest since 2007  The Federal Housing Administration (FHA) today released its 2019 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end of Fiscal Year (FY) 2019, The FHA MMI Fund Capital Ratio…

FDIC: Three Reports Analyzing Growth of Nonbank Lending Released

Decades-long shifts reported in corporate and mortgage loans between banks and nonbanks The Federal Deposit Insurance Corporation (FDIC) today released a multi-part analysis of changes in the U.S. banking system since the 1950s, especially changes occurring since the financial crisis in 2008. These analyses address the shift in some lending from banks to nonbanks; how…

ABA: Banzai! Co-Founder and GenHERation CEO Among Volunteer Judges for Financial Education Contest

The American Bankers Association Foundation has announced its national judging panel for its 2019-2020 Lights, Camera, Save! video contest. The annual contest, now in its 10th year, encourages teens to educate their peers about using money wisely through the creative use of video. This year’s panel of volunteer judges features experts from the worlds of personal…

CFPB: Financial Well-Being Report Released with State-by-State Comparisons

The Consumer Financial Protection Bureau (Bureau) issued a report today with state-by-state comparisons of financial well-being scores. The scores are based on Bureau analysis of the Financial Industry Regulatory Authority Foundation’s 2018 National Financial Capability Study. The report shows that the average financial well-being scores for all adults (ages 18 and older) in the United…

HUD: Trump Administration Announces Continued Decline in Veteran Homelessness

Since last year, 793 more veterans now have a roof over their heads During a press conference today at Harbor Homes in Manchester, New Hampshire, U.S. Housing and Urban Development (HUD) Secretary Ben Carson announced veteran homelessness in the U.S. continues to decline according to a new national estimate. HUD’s Annual Homeless Assessment Report indicates…

FHFA: Progress Update on Fannie Mae and Freddie Mac Credit Risk Transfer Programs

The Federal Housing Finance Agency (FHFA) today issued its semi-annual Credit Risk Transfer Progress Report describing the status and volume of credit risk transfer (CRT) transactions through the second quarter of 2019. The Report provides a comprehensive picture of how Fannie Mae and Freddie Mac (the Enterprises) transfer a substantial portion of credit risk to…

ABA: New Survey Shows 95 Percent of Consumers Give High Marks to Digital Banking

Data reinforce Americans like and appreciate innovative services offered by banks Ninety-five percent of consumers rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey also found that nearly 8 in 10 people…

CDFI Fund: More Than $188 Million Awarded to Support CDFI Investment in Low-Income and Distressed Communities

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 284 Community Development Financial Institutions (CDFIs) $188.7 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2019 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…