FHFA: COVID-Related Loan Flexibilites Extended Until February 28, 2021

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend several loan origination flexibilities until February 28, 2021. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31, 2021. Extended […]

SBA: PPP Re-Opened to Small Lenders on January 15th and All Lenders on January 19th

Lenders with $1 Billion or Less in Assets Will be Able to Submit First and Second Draw PPP Applications on Friday – Continuing Dedicated Access for Community-Based Lenders The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible […]

SBA: 1.1 Million PPP Loans Forgiven So Far Totaling Over $100 Billion

Small borrowers make up vast majority of forgiveness applicants The U.S. Small Business Administration has already forgiven more than 1.1 million Paycheck Protection Program (PPP) loans for over $100 billion, providing an extraordinary amount of critical relief to America’s small businesses just 3 months since the earliest PPP borrowers’ covered periods ended.  […]

SBA: PPP Re-Opened to Community Financial Institutions First

Community Financial Institutions get dedicated access starting January 11, 2021 The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, re-opened the Paycheck Protection Program (PPP) loan portal today at 9 am ET. SBA is continuing its dedicated commitment to underserved small businesses and to addressing potential access to capital barriers […]

SBA: PPP Re-Opening and New Guidance Announced

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First […]

Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released

The U.S. Census Bureau today released new data from the third phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, […]

Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Release Extended through March 2021

The U.S. Census Bureau today launched an extension of the third phase of the experimental Household Pulse Survey with a slightly revised questionnaire that includes questions about intent to vaccinate. Questions related to stimulus payments have also been resumed. The Household Pulse Survey is the result of an effort by the Census Bureau […]