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…
CFPB: New Financial Education Resources to Help Teachers Bring Youth Financial Capability into the Classroom
As children grow, their potential to manage money and understand financial concepts grows as well. The knowledge, skills, and behaviors kids learn when they’re young lay the groundwork for their financial well-being as adults. Schools and teachers play a critical role in financial education. But, we know there are challenges to bringing financial education into…
CDFI Fund: FY 2019 CDFI Bond Guarantee Program Application Period Now Open
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2019 application period for the CDFI Bond Guarantee Program. The CDFI Bond Guarantee Program responds to the critical market demand for long-term, low-cost capital that can be used to spur economic growth in low-income communities. Through…
CDFI Fund: Application Demand for FY 2018 Round of BEA Program Released
NEARLY $941 MILLION IN INCREASED INVESTMENTS, LENDING AND SERVICES IN HIGHLY DISTRESSED COMMUNITIES AND TO CDFIS The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2018 round of its Bank Enterprise Award Program (BEA Program). A total of 124 applications were…