FHFA: Foreclosure Preventions Near 4.2 Million in FHFA’s Second Quarter 2018 Report
The Federal Housing Finance Agency (FHFA) today released its second quarter 2018 Foreclosure Prevention Report,which shows that Fannie Mae and Freddie Mac (the Enterprises) completed 70,945 foreclosure prevention actions in the second quarter of 2018, bringing the total number of foreclosure prevention actions to 4,179,581 since September 2008. The report also shows that 25 percent…
OCC: Mortgage Performance Unchanged in Second Quarter 2018
Performance of first-lien mortgages remained largely unchanged during the second quarter of 2018 compared with a year earlier, according to the Office of the Comptroller of the Currency’s (OCC) quarterly report on mortgages. The OCC Mortgage Metrics Report, Second Quarter 2018, showed 95.6 percent of mortgages included in the report were current and performing at…
CFPB: Free Credit Freezes Now Available
Free credit freezes and year-long fraud alerts are here, starting Sept. 21, 2018, thanks to a new federal law. Here’s what you should know. Free credit freezes Security freezes, also known as credit freezes, restrict access to your credit file, making it harder for identity thieves to open new accounts in your name. Starting Sept….
HUD: $1.5 Billion Disaster Recovery Grant Agreement for Puerto Rico Signed
Action paves the path to repair housing, businesses and infrastructure WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and Puerto Rico’s Governor Ricardo Rosselló today announced the formal execution of a $1.5 billion grant agreement to help citizens in Puerto Rico to recover from Hurricanes Irma and Maria. The signing…
FEMA: Ten Additional North Carolina Counties Designated for Individual Assistance from Hurricane Florence
Homeowners, renters and business owners in Bladen, Columbus, Cumberland, Duplin, Harnett, Lenoir, Jones, Robeson, Sampson and Wayne counties may now apply for federal disaster assistance for uninsured and underinsured damages and losses resulting from Hurricane Florence. Beaufort, Brunswick, Carteret, Craven, New Hanover, Onslow, Pamlico and Pender counties were designated for Individual Assistance on Sept. 14,…
SBA: Disaster Assistance Available for Residents of North Carolina Affected by Hurricane Florence
SBA Administrator Linda McMahon issued the following statement after the announcement of the Presidential disaster declaration for several counties in North Carolina affected by Hurricane Florence beginning Sept. 7, 2018 and continuing: “The U.S. Small Business Administration is strongly committed to providing North Carolina residents with the most effective response possible to assist businesses, homeowners…
CFPB: New Rule Updates Fair Credit Reporting Act Model Consumer Disclosures
The Bureau of Consumer Financial Protection (Bureau) today issued an interim final rule updating two model disclosures to reflect changes made to the Fair Credit Reporting Act (FCRA) by recent legislation. In May 2018, Congress passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, which requires nationwide consumer reporting agencies to provide “national security…
SBA: Decrease in Surety Bond Guarantee Fees Announced
The U.S. Small Business Administration announces the first fee decrease in Surety Bond Guarantees in 12 years. The fee decrease will be in effect for guaranteed bonds approved during fiscal year 2019, taking effect October 1, 2018 and ending September 30, 2019. The Surety Bond Guarantee (SBG) program is reducing the Surety fee from 26…
FDIC: CRA Examination Schedules for Fourth Quarter 2018 and First Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2018 and first quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…