HUD: Disaster Aid Offered to New Hampshire Victims
Federal aid supports state, Tribal and local recovery for July 2024 storms The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of New Hampshire and ordered federal aid to supplement state and local recovery efforts in the areas affected by a severe storms and…
FHFA: 2025-2027 Housing Goals for Fannie Mae and Freddie Mac Proposed
The Federal Housing Finance Agency (FHFA) issued a proposed rule today that would establish the housing goals for 2025-2027 that Fannie Mae and Freddie Mac (the Enterprises) would be required to meet on an annual basis. FHFA is requesting comments on all aspects of the proposed rule during the 60-day public comment period. The housing…
HUD: Disaster Aid Offered to Kansas Storm Victims
Federal aid supports state, Tribal and local recovery for May 2024 Storms. The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Kansas and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by a severe storm, straight-line…
HUD: Disaster Aid Offered to Nebraska Storm Victims
Federal aid supports state, Tribal and local recovery for May 20, 2024—June 2024 Storms. The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Nebraska and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by severe storms,…
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligiblity Requirements
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) – the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the Enterprises. “Financially sound private mortgage insurance…
HUD: Disaster Aid Offered to South Dakota Storm Victims
Federal aid supports state, tribal and local recovery for June/July 2024 Storm The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the state of South Dakota and ordered federal aid to supplement State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line…
SBA: Small Dollar Lending and Lending To Underserved Entrepreneurs Continues to Rise as Record 19 Million New Business Applications Filed Since 2021
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the Biden-Harris Administration has tripled SBA lending to Black-owned businesses while doubling small-dollar lending and lending to Latino- and women-owned small businesses. The new data comes as the United States reaches a record 19 million(Link…
HUD: Disaster Aid Offered to Florida Storm Victims
Federal aid supports state, tribal and local recovery for August 2024 Hurricane Debby The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Florida and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas affected by Hurricane Debby beginning on…
CFPB: Nationwide Consumer Advisory Issued on Predatory Solar Lending
CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans The Consumer Financial Protection Bureau (CFPB) today issued an issue spotlight finding that some residential solar lenders are misleading homeowners about the terms and costs of their loans, misrepresenting the energy savings they will deliver, and cramming markup fees into borrowers’ loan balances….
SBA: Working Capital Pilot Program Now Accepting Applications at Participating SBA Lenders
Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that SBA 7(a) lenders may now accept applications for the SBA’s newly-announced 7(a) Working Capital Pilot…