Census Bureau: Declining Mover Rate Driven by Renters
The rate at which renters moved in 2017 was at a historic low of 21.7 percent, compared to 35.2 percent in 1988, according to new U.S. Census Bureau data released today from the Current Population Survey. However, renters still moved at a higher rate than owners (21.7 percent compared with 5.5 percent, respectively). “Although renters…
HUD: FHA Releases 2017 Annual Report to Congress
Capital Reserves remain above statutory minimum for third straight year The Federal Housing Administration (FHA) today released its 2017 Annual Report to Congress on the economic condition of the agency’s Mutual Mortgage Insurance Fund (MMI Fund). FHA reports that at the end FY 2017, the MMI Fund had a total economic net worth of $25.6…
FHFA: 2017 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2017. For the ninth consecutive year, FHFA received an unmodified audit opinion on its FY…
ABA: Consumer Tips | How to Avoid Holiday Spending Headaches
As early Black Friday deals kick off the holiday shopping season sooner than ever, it’s important for consumers to develop a holiday spending plan to avoid financial headaches in the future, says the American Bankers Association. ABA is highlighting seven tips to help consumers minimize their holiday spending debt. “It’s a special feeling to make…
FDIC: Banker Teleconference Series: Small Business Resources for Community Banks
Printable Format: FIL-59-2017 – PDF (PDF Help) Summary: The FDIC will discuss small business resources and research pertinent to community banks, including the Money Smart for Small Businesses financial education program; the FDIC’s Small Business Lending Survey; and Community Reinvestment Act consideration for small business lending, services, and investments. A teleconference is scheduled for Tuesday,…
FEMA: Federal Aid Program for the State of New York
Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Donald J. Trump’s disaster declaration issued for the state of New York. Assistance for State, Tribal and Affected Local Governments Can Include as Required: Payment of not less than 75 percent of the eligible…
FEMA: Major Disaster Declaration Approved for New York
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of New York to supplement state, tribal, and local recovery efforts in the areas affected by flooding from May 2 to August 6, 2017. Federal funding is available to state, tribal, and eligible local governments and…
FEMA: Deadline Extended for Public Assistance Requests in Florida
ORLANDO, Fla. —The deadline for filing Requests for Public Assistance (RPAs) with FEMA to rebuild Florida’s public infrastructure damaged during Hurricane Irma has been extended to Nov. 21, 2017. The state recommends applicants submit RPAs to the Division of Emergency Management’s Public Assistance portal (FloridaPA.org) no later than Nov. 18, 2017 to ensure documentation is…
CFPB: Sixty-one Organizations Join the 2018 “Your Money, Your Goals” Cohort
We’re working to expand the reach of Your Money, Your Goals to more people across the country with the help of our new 2018 Your Money, Your Goals cohort organizations. In September, we invited organizations to submit applications to participate in our 2018 Your Money, Your Goals cohort. After reviewing the applications, we’ve selected 61…
CFPB: Add Your Company to the List of Sources for Free Credit Scores
If your company offers free credit scores and would like to be included on our list, respond to our recently posted Federal Register Notice. By Maria Jaramillo When people have access to their credit score, they can feel empowered to better manage their financial lives. They can do this by learning about their credit…