FDIC: Supervisory Appeals Guidelines Revised Effective Immediately
The Federal Deposit Insurance Corporation (FDIC) on Tuesday revised its guidelines for appeals of certain material supervisory determinations to expand the circumstances under which banks may appeal a material supervisory determination and enhance consistency with the appeals processes of other federal banking agencies. The FDIC sought comment on the proposed changes in July 2016. The…
CFPB: Building Credit at a Local Level
By Sarah Bainton Kahn We recently published a report on ways people without a credit history start building one. In order to bring visibility to this issue and spur action at the local level, we’re releasing credit profiles on states and cities across the country. A person is considered “credit invisible” if they do not…
CDFI Fund: Important Reminders for FY 2017 Capital Magnet Fund Applicants
As a reminder for prospective fiscal year (FY) 2017 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 through Grants.gov for the FY 2017 Capital Magnet Fund round is July 28, 2017 at 11:59 p.m. Eastern Time (ET). The deadline for online submission of the application and required materials through the CDFI…
HUD: $2 Billion Available for Local Homeless Programs
WASHINGTON – In an effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development (HUD) is making $2 billion available to support thousands of local homeless assistance programs nationwide. Funded through the Continuum of Care (CoC) Homeless Assistance Program, HUD’s funding notice continues to encourage local applicants to use a Housing…
CFPB: Changes Proposed to HMDA Mortgage Data Rule Reporting Threshold for Community Banks and Credit Unions
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today issued a proposal on reporting requirements for banks and credit unions that issue home-equity lines of credit. Under rules that are scheduled to take effect in January 2018, financial institutions are generally required under the Home Mortgage Disclosure Act (HMDA) to report home-equity lines of…
OCC: Report Shows Improved Mortgage Performance in First Quarter of 2017
WASHINGTON—Performance of first-lien mortgages improved during the first quarter of 2017 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, First Quarter 2017, showed 95.6 percent of mortgages included in the report were current and performing at the end…
Census Bureau: Statistics on Race, Hispanic Origin, Ancestry and Tribal Groups
Today the U.S. Census Bureau released detailed statistics of social, economic, housing and demographic characteristics for hundreds of race, tribal, Hispanic origin and ancestry populations. These tables from the 2011-2015 American Community Survey contain the most detail for these populations and are available at numerous geographic levels. The tables released today are: The 2011-2015 American…
Census Bureau: Number of Minority-Owned Employer Firms Increased in 2015
Minority-owned employer firms in the United States increased by approximately 4.9 percent in 2015 to 996,248 from 949,318 in 2014, according to findings from the U.S. Census Bureau’s 2015 Annual Survey of Entrepreneurs. Payroll and employment for minority-owned employer firms in the nation also increased from 2014 to 2015 by approximately 7.0 percent ($237.5 billion…
FHFA: Final Rule Regarding Minority and Women Inclusion Regulations Amended to Require Diversity and Include Strategic Planning
Washington, D.C. — The Federal Housing Finance Agency (FHFA), is publishing a final rule that amends its existing Minority and Women Inclusion regulations to require Fannie Mae, Freddie Mac, the Federal Home Loan Banks, and the Office of Finance (the regulated entities), to develop and implement strategic plans to promote diversity and inclusion of minorities,…
HUD: Winners for 2017 Healthy Homes Awards Announced
WASHINGTON – The U.S. Department of Housing and Urban Development(HUD) and the National Environmental Health Association (NEHA) today announced that four model programs around the nation are recipients of the HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making indoor environments healthier through healthy homes. For the third consecutive year, HUD and…