OCC: Mortgage Performance Unchanged in Second Quarter 2018
Performance of first-lien mortgages remained largely unchanged during the second quarter of 2018 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgages. The OCC Mortgage Metrics Report, Second Quarter 2018, showed 95.6 percent of mortgages included in the report were current and performing at…
CFPB: Free Credit Freezes Now Available
Free credit freezes and year-long fraud alerts are here, starting Sept. 21, 2018, thanks to a new federal law. Here’s what you should know. Free credit freezes Security freezes, also known as credit freezes, restrict access to your credit file, making it harder for identity thieves to open new accounts in your name. Starting Sept….
CFPB: Bureau to Open Southeast Regional Office in Atlanta
The Bureau of Consumer Financial Protection (Bureau) today announced it will be relocating its southeast regional office from Washington, D.C. to Atlanta, Georgia. The Bureau already has regional offices in New York, Chicago, and San Francisco that are used mostly by supervision staff but also house enforcement attorneys and other Bureau personnel. Since the Bureau’s…
CDFI Fund: CDE Certification Application Process Improved
Continuing the modernization of its processes and systems, the Community Development Financial Institutions Fund (CDFI Fund) has improved the Community Development Entity (CDE) Certification Application in its Awards Management Information System (AMIS). The updated application is available now. The new user-friendly format of the application in AMIS will provide for ease of completion and submission….
ABA: Association Donates $100,000 to North Carolina Bankers Association Hurricane Relief Fund
In light of the devastating impact Hurricane Florence has had on North Carolina, the American Bankers Association will donate $100,000 dollars to a relief fund created by the North Carolina Bankers Association. ABA will also match donations made by ABA employees. The fund will assist bank employees and their families affected by the storm and…
EDA: $3.4 Million Invested in Kentucky to Support Business and Job Growth
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $3.4 million in grants to the Commonwealth of Kentucky to help spur economic activity in Stearns and support industrial development in Hazard. “The Trump Administration is committed to putting former coal industry employees back to work,” said Secretary…
EDA: $3 Million Invested in Texas to Support Business and Infrastructure Development
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $3 million in grants to the State of Texas to support infrastructure projects and fuel further business growth. According to grantee estimates, these projects are expected to create and retain 900 jobs, while generating $23 million in private…
EDA: $3 Million Invested to Build a Workforce Training and Business Development Center in Lac du Flambeau, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Lac du Flambeau Band of Lake Superior Chippewa Indians in Wisconsin, to build a workforce training and business development center. According to grantee estimates, the project is expected to create 40 jobs,…
EDA: $2 Million Invested to Build a Technical Education Center in Cullman, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Wallace State Community College (WSCC) of Cullman, Alabama, to build a technical education center that will help workers gain new, in-demand skills. According to grantee estimates, the project is expected to create 68…
EDA: $1.7 Million Invested to Spur Manufacturing Growth in Iowa
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Iowa State University Research Park of Ames, Iowa, to make critical infrastructure improvements needed to support a manufacturing test lab facility. According to grantee estimates, the project is expected to create 450…