Agencies Take Action on Appraisal Requirements in Area Affected by California Wildfires and Straight-Line Winds
To help facilitate recovery efforts from wildfires and straight-line wind damage in Los Angeles County, California this year, four federal financial institution regulatory agencies today temporarily paused certain appraisal requirements for real estate-related transactions. This action is expected to allow banks and credit unions to work with families and businesses without obtaining an appraisal. Banks…
FEMA: President Trump Approves Major Disaster Declaration for Virginia
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement recovery efforts in the areas affected by severe winter storms and flooding from Feb. 10-18, 2025. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
HUD: Foreclosure Relief Extended to More than One Million FHA Borrowers Recovering from Hurricanes Helene and Milton
Second extension of foreclosure moratoriums provides flexibility for disaster impacted communities Today, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the Federal Housing Administration (FHA) is extending by an additional 90 days its existing foreclosure moratoriums on FHA-insured single family mortgages in the Presidentially-Declared Major Disaster Areas (PDMDAs) resulting from Hurricanes…
FEMA: President Trump Approves Emergency Declaration for Arkansas
FEMA announced that federal disaster assistance has been made available to the state of Arkansas to supplement response efforts in the areas affected by severe storms, tornadoes and flooding beginning on April 2, 2025, and continuing. The President’s action authorizes FEMA to coordinate all federal disaster relief efforts to alleviate the hardship and suffering caused…
FEMA: President Trump Approves Emergency Declaration for Kentucky
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Kentucky to supplement response efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding beginning on April 2, 2025, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering…
FEMA: President Trump Approves Emergency Declaration for Tennessee
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement response efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding beginning on April 2 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by…
HUD: Disaster Aid & Financial Flexibility Announced for Kentucky Residents Impacted by Natural Disasters
The U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025 and continuing. “The best way to respond in the face…
SBA: Agency-Wide Reorganization Announced
SBA will restructure to eliminate wasteful spending, restore mission of empowering small businesses Today, pursuant to EO 14210(Link is external), the U.S. Small Business Administration (SBA) announced its plans for an agency-wide reorganization. To return to its founding mission of empowering small businesses, and to restore accountability to taxpayers, the agency will reduce its workforce by 43% –…
FEMA: President Trump Approves Major Disaster Declaration for Oklahoma
FEMA announced that federal disaster assistance is available to the state of Oklahoma to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from Nov. 2-5, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a…
HUD: Disaster Recovery Process Streamlined with Universal Notice
Action will ensure efficient and effective delivery of critical funding for communities impacted by natural disasters U.S. Housing and Urban Development (HUD) Secretary Scott Turner announced HUD is streamlining and simplifying its disaster recovery processes to deliver disaster assistance more quickly to Americans recovering from catastrophic events. HUD published an updated Community Development Block Grant…