ABA: Free Career Training for Veterans, Transitioning Military Members and Military Spouses Unveiled
As the nation honors veterans this week for their service to the country, the American Bankers Association is launching a new training initiative designed to make it easier for those who serve to make the transition to banking. Today ABA released Transitioning Careers – Basic Bank Training for Veterans, a free, online training program specifically…
FEMA: President Trump Approves Major Disaster Declaration for Alabama
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Alabama to supplement state and local recovery efforts in the areas affected by Hurricane Michael from October 10 to October 13, 2018. Federal funding is available to the state and eligible local governments and certain private…
Federal Reserve: Beginning November 28th, FRB Intends to Begin Publishing Semiannual Report on Assessment of U.S. Financial Stability
The Federal Reserve Board on November 28 intends to begin publishing a semiannual report presenting the Board’s view of the outlook for U.S. financial stability. The Financial Stability Report will include a summary of the Board’s framework for assessing the resilience of the U.S. financial system and a discussion of key indicators related to the…
Census Bureau: New Statistics from the American Community Survey to be Embargoed
The U.S. Census Bureau will offer an embargo period for subscribers to view statistics from the 2013-2017 American Community Survey five-year estimates, which features more than 40 social, economic, housing and demographic topics, including homeownership rates and costs, health insurance and educational attainment. Embargo subscribers will have access to these statistics beginning Dec. 4 at…
SBA: Report Shows Veteran-Owned Small Businesses Face More Financing Challenges than Non-Veteran Small Businesses
New report presents substantial data on Veteran-Owned companies’ capital access challenges; Cites smaller loan requests, higher credit risk and lack of Information as possible causes WASHINGTON – The Federal Reserve Bank of New York and the U.S. Small Business Administration today issued the report Financing their Future: Veteran Entrepreneurs and Capital Access. The report provides a…
FHFA: 2019 Multifamily Lending Caps Announced for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) today announced that the 2019 multifamily lending caps for Fannie Mae and Freddie Mac (the Enterprises) will be $35 billion for each Enterprise, unchanged from the 2018 caps. The caps are based on FHFA’s projections of the overall size of the 2019 multifamily originations market, which FHFA expects to…
BCFP & FHFA: National Survey of Mortgage Originations Dataset Released for Public Use
The Bureau of Consumer Financial Protection (BCFP) and the Federal Housing Finance Agency (FHFA) today released for public use a new loan-level dataset collected through the National Survey of Mortgage Originations (NSMO) that provides insights into borrowers’ experiences in getting a residential mortgage. The NSMO is a component of the National Mortgage Database (NMDB®), the…
CDFI Fund: Annual CIIS Public Data Released on CDFI Program Recipient Reporting
The Community Development Financial Institutions Fund (CDFI Fund) released today an additional year of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS) , representing 14 years of data. The data collected covers fiscal years (FYs) 2003 through 2016. The release contains Institution…
EDA: $1.9 Million Invested to Support Manufacturing in Macon, GA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Macon-Bibb County and Macon-Bibb County Industrial Authority of Macon, Georgia, to make infrastructure improvements that will support manufacturing companies in the region. According to grantee estimates, the project is expected to create 211…