SBA: All 8(a) Program Participants Ordered to Provide Financial Records by January 5th
Over 4,300 firms required to transmit financial data as part of ongoing effort to expose fraud, waste, and abuse Today, the U.S. Small Business Administration (SBA) issued letters to all contractors within the 8(a) Business Development Program, requiring them to produce financial records as part of a comprehensive effort to protect taxpayers and legitimate small businesses by rooting…
Interagency Statement Issued on OCC and FDIC Withdrawal from the Interagency Leveraged Lending Guidance Issuances
The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (collectively “the agencies”) are rescinding the “Interagency Guidance on Leveraged Lending” (“2013 Guidance”), dated March 21, 2013, and the “Frequently Asked Questions for Implementing March 2013 Interagency Guidance on Leveraged Lending” (“2014 FAQs”), dated November 7, 2014. The agencies expect banks…
ABA: Bank Economists Note That Credit Outlook Improves Amid Continued Softening
While the outlook for credit conditions over the next six months has improved, bank economists expect continued softening in credit quality and availability given the prospect of persistent labor market headwinds, according to the American Bankers Association’s latest Credit Conditions Index released today. ABA’s Credit Conditions Index is a suite of indices derived from the…
SBA: Administrator Loeffler Applauds House Passage of “Made in America Manufacturing Finance Act”
H.R. 3174 doubles SBA manufacturing loan limits from $5 million to $10 million Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA) applauded the U.S. House of Representatives’ bipartisan and unanimous passage of H.R. 3174, the Made in America Manufacturing Finance Act, which will double the SBA’s loan limit from $5 million to $10 million for small manufacturers. The…
FHFA: Conforming Loan Limit Values for 2026 Announced
Baseline Conforming Loan Limit Value Will Increase to $832,750 U.S. Federal Housing (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2026. In most of the United States, the 2026 CLL value for one-unit properties will be $832,750, an increase of $26,250 from…
FHFA: U.S. Federal Housing Announces 2026 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
U.S. Federal Housing announced today that the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $88 billion for each Enterprise, for a combined total of $176 billion to support the multifamily market. To ensure a strong focus on affordable housing and underserved markets, U.S. Federal Housing will require…
HUD: Disaster Aid & Financial Flexibility Delivered for Alaska Residents Impacted by Natural Disasters
U.S. Housing and Urban Development (HUD) Secretary Scott Turner announced the availability of federal disaster assistance to the State of Alaska to supplement recovery efforts in the areas affected October 8-13, 2025 by severe storms, flooding, and remnants of Typhoon Halong. “HUD serves every American and works alongside communities to help rebuild homes, neighborhoods, and…
HUD: Agency Supports Homeownership and Housing Affordability for More Than One Million Americans
Includes 560,000 first-time American homebuyers Secretary Scott Turner announces the U.S. Department of Housing and Urban Development (HUD) provided a pathway for homeownership and supported housing affordability for more than one million Americans this year through the Federal Housing Administration (FHA) and the Government National Mortgage Association (Ginnie Mae). “President Trump’s bold leadership is empowering…
ABA: National Survey Finds Majority of U.S. Consumers Think Congress Should Hold Credit Unions Accountable Regarding Tax-Exempt Status and Benefits
With 20 years having passed since Congress last held a hearing to conduct oversight of the federal tax exemption that credit unions receive, a new survey conducted by Morning Consult on behalf of the American Bankers Association finds that a wide majority of U.S. consumers (67%) believe that Congress should reexamine the tax-exempt status of federal…
SBA: SBIC Program Delivers Record Capital in FY25
America First agenda fuels surge of investment in nation’s small businesses Today, the U.S. Small Business Administration (SBA) announced that the Small Business Investment Company(SBIC) program closed Fiscal Year 2025 (FY25) with the largest level of investment capital in the program’s history. In total, the SBIC program reached $53 billion in combined private capital and SBA leverage, compared…