FFIEC: 2023 HMDA Data on Mortgage Lending Published
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…
HUD: New Communities Accepted to Participate in the ConnectHomeUSA Initiative and Bridge the Digital Divide for HUD-Assisted Families
ConnectHomeUSA will support HUD-assisted communities by addressing the three key aspects of digital inclusion: providing affordable internet access, offering free/affordable devices, and delivering digital skills training. The U.S. Department of Housing and Urban Development (HUD) announces 97 communities that have been selected to participate in the ConnectHomeUSA (CHUSA) initiative, bringing training and technical assistance to…
HUD: Disaster Aid Offered to Texas Hurricane Victims
Federal aid supports state, tribal and local recovery for July 2024 Texas hurricane. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by hurricane Beryl beginning on…
HUD: Council on Foundations and HUD Announce Winners of 2024 Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (The Council) announced the winners of the 2024 Secretary’s Award for Public-Philanthropic Partnerships. The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationship between the public and philanthropic sectors and led to measurable benefits…
HUD: $40 Million Made Available to Prevent Evictions and Prevent Homelessness
The funding will provide legal assistance at no cost to low-income tenants. The U.S. Department of Housing and Urban Development (HUD) announced the availability of $40 million in grant funds for eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes….
FHFA: Release of Historical VantageScore 4.0 Credit Scores Announced by the Enterprises
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements. The historical credit scores for each Enterprise are associated with single-family loans purchased by that Enterprise from April 2013 through March 2023. This comprehensive release reflects the period for which trended consumer credit data is reliably available across the three nationwide…
CFPB: FFIEC Publishes 2023 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…
FEMA: President Biden Approves Major Disaster Declaration for Texas
FEMA announced that federal disaster assistance is available to the state of Texas to supplement recovery efforts in the areas affected by Hurricane Beryl from July 5-9, 2024. Federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis in Anderson, Angelina, Aransas, Austin, Bowie,…
HUD: Over $30 Million Awarded to Connect Public Housing Residents to Employment and Education to Help Bridge the Wealth Gap
Awards will go to Public Housing Agencies and will help increase economic mobility to families across the country. The U.S. Department of Housing and Urban Development (HUD) today awarded over $30 million to 14 Public Housing Agencies (PHAs) in 12 states to help families increase their earned income and improve their economic mobility through the…
CFPB: New Rule Proposed to Help Homeowners Avoid Foreclosure
Proposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve communication with homeowners The Consumer Financial Protection Bureau (CFPB) today proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage. The proposal, if finalized, would…