FHFA: Report Details Progress on the 2016 Scorecard for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2016 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. The Progress Report details efforts made to address borrower impediments to credit access while transitioning from crisis…
FHFA: Index Shows Mortgage Rates Increased in February
Washington, D.C. – Nationally, interest rates on conventional purchase-money mortgages increased from January to February, 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 4.27 percent for loans closed in late February, up 5 basis points from 4.22…
FDIC: FIL-13-2017 | FDIC Releases Report on Its Youth Savings Pilot and Launches New Network to Support Youth Savings Collaborations
Printable Format: FIL-13-2017 – PDF (PDF Help) Summary: The FDIC released a report on its Youth Savings Pilot program, which identifies promising approaches to combining financial education with the opening of safe, low-cost savings accounts for school-aged children. The report from the FDIC’s two-year Youth Savings Pilot is based on the experiences of 21 diverse…
FDIC: Report Released on FDIC Youth Savings Pilot Program
The Federal Deposit Insurance Corporation (FDIC) today released a report on its Youth Savings Pilot program at a meeting of its Community Banking Advisory Committee. The pilot program identifies promising approaches to combining financial education with the opening of safe, low-cost savings accounts for school-aged children. Financial education and school-based savings programs introduce young people…
SBA: Funding Awarded to Organizations Offering Entrepreneurship Training to Women Veterans and Military Spouses
WASHINGTON – The U.S. Small Business Administration this week announced the awarding of $300,000 in Women Veteran Entrepreneurship Training Program grants to three organizations offering small business development resources to women veterans and military spouses. The funding opportunity, offered by SBA’s Office of Veterans Business Development, supports each organization’s entrepreneurial training programs for women who are…
CDFI Fund: Request for Public Comment on Annual Certification Report
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community Development Financial Institutions…
SBA: Administrator McMahon Appoints William Manger as Head of Capital Access
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that William Manger will serve as Associate Administrator for SBA’s Office of Capital Access. “Capital is the lifeblood of small businesses,” McMahon said. “Bill will play a critical part of SBA’s mission by helping entrepreneurs get access to the credit they need…
FHFA: Fourth Quarter Foreclosure Prevention Report | Foreclosure Preventions Surpass 3.8 Million
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released its fourth quarter Foreclosure Prevention Report, which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 189,911 foreclosure prevention actions in 2016, bringing the total number of troubled homeowners helped since conservatorships to more than 3.8 million. Of the 3.8 million foreclosure prevention…
FHFA: Timing for Implementation of Release 2 of the Common Securitization Platform
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published An Update on Implementation of the Single Security and the Common Securitization Platform. The Update includes the timeframe for Release 2 of the Common Securitization Platform (CSP), planned for the second quarter of 2019. Release 2 will allow Fannie Mae and Freddie Mac (the…