EDA: $2.2 Million Invested to Support Manufacturing in Wyoming
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Sheridan Economic and Educational Development Authority for construction that will accommodate the expansion plans of a local manufacturing business. According to grantee estimates, the project is expected to create 50 new jobs…
EDA: $1.4 Million Invested to Support Workforce Training Opportunities in Boise, ID
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to the Idaho Rural Water Association of Boise to help build a workforce training center. According to grantee estimates, the project is expected to create or retain 550 jobs and generate $450,000 in private…
HUD: Department and U.S. Virgin Islands Sign $243 Million Disaster Recovery Grant Agreement
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Pamela Hughes Patenaude and the U.S. Virgin Island’s Governor Kenneth Mapp today announced the formal execution of a $243 million grant agreement to help citizens in the U.S. Virgin Islands to recover from…
FHFA: Index Shows Mortgage Rates Increased in August 2018
Nationally, interest rates on conventional purchase-money mortgages increased from July to August, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.63 percent for loans closed in late August, up 3 basis points from 4.60 percent in July….
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligibility Requirements
The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac (the Enterprises) have published revised Private Mortgage Insurer Eligibility Requirements (PMIERs) for private mortgage insurance companies that insure mortgage loans either owned or guaranteed by the Enterprises. As Conservator to the Enterprises, FHFA directed the Enterprises to strengthen their risk management requirements…
HUD and Census Bureau: New Residential Sales Report for August 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for August 2018: New Home Sales Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000. This is 3.5 percent (±13.7 percent)* above the revised July…
FHFA: Foreclosure Preventions Near 4.2 Million in FHFA’s Second Quarter 2018 Report
The Federal Housing Finance Agency (FHFA) today released its second quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 70,945 foreclosure prevention actions in the second quarter of 2018, bringing the total number of foreclosure prevention actions to 4,179,581 since September 2008. The report also shows that 25 percent…
FEMA: Nine Additional North Carolina Counties Designated for Individual Assistance
Homeowners, renters and business owners in Hoke, Hyde, Johnston, Lee, Moore, Pitt, Richmond, Scotland and Wilson counties may now apply for disaster assistance for uninsured and underinsured damage and losses resulting from Hurricane Florence. To be eligible for federal disaster aid, storm damage and losses from the hurricane and flooding must have occurred as a…
FHA: House Price Index Up 0.2 Percent in July 2018
U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.2 percent increase in June was revised upward to 0.3 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…
EDA: $820,000 Invested to Provide Critical Infrastructure Need to Support Manufacturing Growth in Carrollton, KY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $820,000 grant to the City of Carrollton to provide infrastructure improvements needed to support manufacturing and other business growth. According to grantee estimates, the project is expected to create 121 jobs and spur $268 million in private investment. “We commend the City…