FEMA: President Trump Approves Major Disaster Declaration for Nebraska
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Nebraska to supplement state and local recovery efforts in the areas affected by a severe winter storm and straight-line winds from April 13 – 18, 2018. Federal funding is also available to the state and…
CFPB: New Research Report on Student Loan Repayment and Broader Household Borrowing
Student loans make up an increasing share of the debt held by borrowers around the country, particularly for younger borrowers. Our previous research has shown that borrowers vary greatly in their ability to pay off their loans, how quickly they can do so, and the potential hurdles they face. Today, we released a new Data…
FEMA: President Trump Amenda American Samoa Disaster Declaration
The Federal Emergency Management Agency (FEMA) announced yesterday that additional disaster assistance is available to the territory of American Samoa by authorizing an increase in the level of federal funding available as a result of Tropical Storm Gita during the period of February 7-12, 2018. Under the President’s major disaster declaration issued for the territory…
HUD: $616 Million Florida Disaster Recovery Plan Approved
Funding will target housing, infrastructure and economic development recovery WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced he is approving a disaster recovery plan to help Floridians recover from Hurricane Irma. In November, HUD allocated $616 million to the Sunshine State to support long-term recovery efforts. The Florida…
HUD: Winners of 2018 Healthy Homes Awards Announced
Model programs in Baltimore, MD, Fort Collins, CO, Milwaukee, WI, and a Research Study Earn HUD Secretary’s Award The U.S. Department of Housing and Urban Development (HUD) and the National Environmental Health Association (NEHA) are pleased to announce the winners of the 2018 HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making…
Federal Reserve: Findings Released from Study of Small Business Owners’ Perspectives on Online Lenders and Products
The Federal Reserve Board and the Federal Reserve Bank of Cleveland on Thursday published Browsing to Borrow: “Mom & Pop” Small Business Perspectives on Online Lenders. The report examines small business owners’ perceptions of online lenders and their understanding and interpretation of the information that online lenders use to describe their credit products. Among the…
CDFI Fund: Nearly $22.8 Million in Bank Enterprise Awards for Increased Investment in Highly Distressed Communities Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced nearly $22.8 million in awards to 113 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program). The BEA Program…
SBA: Disaster Recovery Lending Increased for Small Businesses through Express Bridge Loan Pilot Program
The U.S. Small Business Administration prides itself in the efforts it takes to help small business owners recover from disasters. The SBA 7(a) Loan Program is aiding in that effort by offering the Express Bridge Loan Pilot Program. This Pilot Program was authorized on October 16, 2017 and is available through September 30, 2020. With…
FHFA: Index Shows Mortgage Rates Increased in May 2018
Nationally, interest rates on conventional purchase-money mortgages increased from April to May, 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 4.57 percent for loans closed in late May, up 6 basis points from 4.51 percent in April. The…
FEMA: President Trump Approves Major Disaster Declaration for Maryland
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Maryland to supplement state and local recovery efforts in the areas affected by severe storms and flooding from May 15 to May 19, 2018. Federal funding is available to the state and eligible local governments…