FHFA: House Price Index Up 0.3 Percent in October 2018
Many people make it their New Year’s resolution to get a handle on debt and improve their finances. Here are six steps you can take to make that resolution a reality. U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly…
CFPB: Policy Guidance Announced on Disclosure of Home Mortgage Data
The Consumer Financial Protection Bureau (Bureau) today announced final policy guidance describing the Home Mortgage Disclosure Act (HMDA) data the Bureau intends to make available to the public beginning in 2019, including modifications to protect consumers’ privacy. HMDA requires lenders to collect, report, and publicly disclose loan-level data about their mortgage applications, originations, and purchases. …
FEMA: $195 Million in Additional Federal Grants to Puerto Rico Announced
FEMA has awarded more than $195 million to Puerto Rico to cover costs related to Hurricane María. These awards bring the amount of funds obligated under FEMA’s Public Assistance program to $4.7 billion. The latest grants approved are as follows: More than $158 million to the Puerto Rico Department of Education for emergency protective measures….
HUD: $29 Million Awarded to Promote Employment and Self-Sufficiency for Public Housing Residents
In an effort to help public housing residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $28 million in grants to public housing authorities and non-profit organizations across the nation to hire or retain service coordinators to help residents find jobs and educational opportunities. See list of grant funding by…
OCC: President Trump Names Joseph M. Otting Acting Director of Federal Housing Finance Agency
Comptroller of the Currency Joseph M. Otting today issued the following statement after President Donald J. Trump designated him to become Acting Director of the Federal Housing Finance Agency (FHFA) upon completion of current Director Mel Watt’s term on January 6. I am honored that President Trump has named me Acting Director of the Federal…
FHFA: Foreclosure Preventions Surpass 4.2 Million in Third Quarter 2018
The Federal Housing Finance Agency (FHFA) today released its third quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 63,193 foreclosure prevention actions in the third quarter of 2018, bringing the total number of foreclosure prevention actions to 4,242,774 since September 2008. The report also shows that nearly 25…
Joint Release: Annual CRA Asset-Size Threshold Adjustments for Small and Intermediate Small Institutions Released
The federal bank regulatory agencies today announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act (CRA) regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures…
EDA: $666,000 Invested to Support Manufacturing Growth in New Hampshire
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $666,000 grant to the Winchester Economic Development Corporation of Winchester, New Hampshire, to help make roadway, sewer and water infrastructure improvements needed to establish a manufacturing-focused industrial park. According to grantee estimates, the project is expected to create 243 jobs and generate…
HUD: Trump Administration Unveils Federal Action Plan to Reduce Childhood Lead Exposure
The U.S. Department of Housing and Urban Development (HUD), U.S. Environmental Protection Agency (EPA), and U.S. Department of Health and Human Services (HHS) today unveiled the Trump Administration’s Federal Lead Action Plan to Reduce Childhood Lead Exposures and Associated Health Impacts (Lead Action Plan). “HUD is delighted to join the other members of the Task…
HUD: $139 Million Awarded to Protect Families from Lead and Home Hazards
Funding to make low-income housing safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded more than $139 million to 48 state and local government agencies to protect children and families from lead-based paint and home health hazards. HUD Secretary Ben Carson made the grant announcement today during an event with…