CRA Newswire

OCC: Revised Interagency Examination Procedures for HMDA Issued

Summary The Office of the Comptroller of the Currency (OCC) is issuing this bulletin to inform national banks, federal savings associations, and federal branches and agencies (collectively, banks) about revised interagency examination procedures for determining compliance with the Home Mortgage Disclosure Act (HMDA). Highlights The examination procedures were developed by members of the Federal Financial…

FEMA: President Trump Approves Major Disaster Declaration for Soboba Band of Luiseño Indians

FEMA announced today that federal disaster assistance has been made available for the Soboba Band of Luiseño Indians to supplement tribal recovery efforts in the areas affected by severe storms and flooding from Feb. 14 – 15, 2019. Federal funding is available to the Soboba Band of Luiseño Indians on a cost-sharing basis for emergency…

FEMA: President Trump Approves Major Disaster Declaration for Ohio

FEMA announced today that federal disaster assistance has been made available to the state of Ohio to supplement state and local recovery efforts in the areas affected by severe storms, flooding and landslides from Feb. 5 – 13, 2019. Federal funding is available to state and local governments and certain private nonprofit organizations on a…

HUD: Disaster Assistance Announced for Iowa Storm Victims

Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of Iowa and provide support to homeowners and low-income renters forced from their homes in areas affected by severe storms and flooding. On March 23rd, President Trump issued a major…

HUD: Disaster Assistance Announced for Nebraska Storm Victims

Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced it will speed federal disaster assistance to the State of Nebraska and provide support to homeowners and low-income renters forced from their homes in areas affected by severe winter storms, straight-line winds, and flooding. On March 21st, President…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in January 2019. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

EDA: $1.5 Million Invested to Make Critical Water Infrastructure Improvements Needed to Support Business Expansion in Durant, OK

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Durant, Oklahoma, to make critical water infrastructure improvements needed to support business expansion in the region. The investment will bring new growth to a Tax Cuts and Jobs Act-designated Opportunity…

Census Bureau: Housing Vacancy Annual Statistics Released for 2018

These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the United States, regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the United States and regions, and by race/ethnicity…

FDIC: New Podcast Series Chronicles Causes, Responses to Financial Crisis

The FDIC today released a series of podcasts featuring discussions about Crisis and Response: An FDIC History, 2008–2013, the agency’s study of the banking and financial crisis. The podcast series gives listeners a unique behind-the-scenes perspective on the crisis, as FDIC officials share their insights into the agency’s decision-making strategies and actions. “The podcasts will allow…

EDA: $2.6 Million Invested to Protect Businesses from Natural Disasters in Viroqua, WI

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the city of Viroqua, Wisconsin, to update critical water infrastructure needed to protect local businesses from flooding. According to grantee estimates, the project is expected to create or retain 61 jobs and spur…