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…
HUD: New Residential Sales in February 2017 Reported
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for February 2017: NEW HOME SALES Sales of new single-family houses in February 2017 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by…
ABA: 6 Tips for Spring Cleaning Your Finances
WASHINGTON — As spring cleaning season begins, the American Bankers Association is encouraging consumers to put a priority on organizing their finances. ABA has highlighted six tips for getting your financial house in order. “With the tax season ending, spring is a great time to take a close look at your budget and bank account,”…
SBA: Administrator McMahon Appoints Joseph Shepard as Head of Investment and Innovation
WASHINGTON – Administrator Linda McMahon of the U.S. Small Business Administration announced today that Joseph Shepard will serve as the Associate Administrator for the Office of Investment and Innovation. “It is my pleasure to welcome Joe to the SBA,” McMahon said. “His previous public sector experience at SBA overseeing the SBIC program, as well as…
SBA: Administrator Announces National Small Business Week Awardees
WASHINGTON – Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the 2017 National Small Business Week awardees for 16 different categories ranging from exporting, outreach, contracting, lending, disaster recovery to manufacturing and research and development. Last week McMahon announced the 54 Small Business Person of the Year state and territorial…
FHFA: House Price Index Remains Flat in January
Washington, D.C. – U.S. house prices remained flat in January according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The HPI has reflected positive monthly increases since early 2012, except for November 2013 and January 2017, when house prices were flat on a month-over-month basis. The previously reported 0.4…
CDFI Fund: Important Reminders for FY 2017 CDFI Program and NACA Program Round Applicants
As a reminder for interested fiscal year (FY) 2017 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 24, 2017 at 11:59 PM Eastern. The deadline for…
SBA: 2017 Houston Small Business Person of the Year and Small Business Champions Named
HOUSTON – The U.S. Small Business Administration (SBA) has named Stuart A. Lynn the 2017 Houston District Small Business Person of the Year. Stuart A. Lynn is Founder and CEO of Lynn & Associates Engineering and Windstorm located in Bay City, Texas. They are a design and consulting engineering firm that provides civil engineering, structural engineering,…
CDFI Fund: Update for FY 2016 Round BEA Program Applicants – Electronic Application Now Available
The electronic application for the fiscal year (FY) 2016 round of the Bank Enterprise Award Program (BEA Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). All applicants must be registered in SAM.gov, Grants.gov, and AMIS to apply for funding. Previous applicants should confirm that their…