CFPB: Advanced Notice of Proposed Rulemaking on Qualified Mortgages Released
The Consumer Financial Protection Bureau (Bureau) today issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for purchase or guarantee by the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, in the Bureau’s Ability to Repay/Qualified Mortgage…
HUD and Census Bureau: New Residential Sales Report for June 2019
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 June 2019: New Home Sales Sales of new single-family houses in June 2019 were at a seasonally adjusted annual rate of 646,000. This is 7.0 percent (±15.2 percent)* above the revised May…
EDA: Investment Made to Help Build New Technical Educational Building in Estill County, KY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Estill County Board of Education in Irvine, Kentucky, to help build an Area Technology Center (ATC) educational building. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
Census Bureau: Schedule Released for 2018 American Community Survey Results
The U.S. Census Bureau’s schedule for the release of the 2018 American Community Survey data is as follows: Thursday, Sept. 26, 2019 (embargo begins at 10 a.m. EDT, Sept. 24) 2018 American Community Survey — Statistics on numerous demographic, social, economic and housing characteristics, including language spoken at home, educational attainment, commute to work, employment, mortgage status and…
SBA: Interim Rule Issued to Adjust Size Standards to Expand Lending & Contracting Opportunities
Deadline to comment on interim final rule is Sept. 16, 2019 The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was published in the Federal Register on July…
FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year
U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.4 percent increase for April 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
EDA: $23 Million Investment Made to Fuel High-Growth Entrepreneurship Across America
U.S. Secretary of Commerce Wilbur Ross today announced that 44 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive grants totaling $23 million to create and expand high-growth entrepreneurship and increase access to capital for communities across America. The grants are made annually under…
CFPB: FTC, CFPB and States Announce Settlement with Equifax Over 2017 Data Breach
The Consumer Financial Protection Bureau (Bureau), the Federal Trade Commission (FTC), and 48 states, the District of Columbia and Puerto Rico announced a global settlement today with Equifax that would provide up to $700 million in monetary relief and penalties. In a complaint and proposed stipulated judgment filed in federal district court in the Northern…
EDA: Investment Made to Help Establish Welding Technology Training Facility in Tallahassee, FL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Tallahassee Community College of Tallahassee, Florida, to help establish the Welding Technologies Laboratory at the Kim B. Williams Advanced Manufacturing Training Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity…
HUD: $4.8 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $4.8 million in funding through the Veterans Housing Rehabilitation and Modification Pilot (VHRMP) Program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Through the VHRMP program, grantees will make necessary physical modifications…