HUD: FHA Announces New Assistance Option to Help Senior Homeowners with Reverse Mortgages Impacted by COVID-19
New COVID-19 Home Equity Conversion Mortgage Property Charge Repayment Plan allows servicers to offer homeowners up to five years to repay past-due property charges. Today, the Federal Housing Administration (FHA) is announcing new flexibilities to help senior homeowners with FHA-insured Home Equity Conversion Mortgages (HECMs) who are behind on required property charge payments due to effects of…
FHFA and CFPB: Updated Data from the National Survey of Mortgage Originations Released for Public Use
Data Highlights Borrowers’ Experiences Obtaining a Mortgage During the Pandemic The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data also provide updated mortgage performance and credit information for a nationally representative sample…
Census Bureau: Household Pulse Survey Phase 3.7 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.7 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to…
Census Bureau: Household Pulse Survey Phase 3.6 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.6 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and state…
SBA: Statement on the Restaurant Revitalization Fund
Today, the U.S. Small Business Administration (SBA) issued the following statement regarding the status of the Restaurant Revitalization Fund. “This week, the U.S. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program’s closure in June 2021. In doing so, the SBA worked with the advice of the Department of…
CFPB: Supervisory Examinations Find Credit Reporting Failures, Junk Fees and Mishandling of COVID-19 Protections
Agency examiners find legal violations across consumer financial products and services Today, the Consumer Financial Protection Bureau (CFPB) released a new Supervisory Highlights report on legal violations identified during the CFPB’s supervisory examinations in the first half of 2022. The report details key findings across consumer financial products and services, including how consumer reporting companies…
HUD: $2 Million Awarded to Assess the Impact of Emergency Rental Assistance on Housing Stability
The U.S. Department of Housing and Urban Development (HUD) today awarded $2 million in funding to assess the impact of the Emergency Rental Assistance (ERA) program. Three awardees, Abt Associates; Princeton University; and the University of Pennsylvania in collaboration with the University of California at Berkeley, will receive the funds under the FY2022 Impact Evaluation…
EDA: U.S. Department of Commerce Launches First of its Kind Economic Recovery Corps with $30 Million CARES Act Investment
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) has awarded a $30 million CARES Act Recovery Assistance grant to a coalition of organizations to establish and operate a nationwide Economic Recovery Corps program. This EDA funded program will recruit and place at least 65 Fellows in economic development…
HUD: More Than $148 Million in Supplemental Funding Announced for Multifamily Assisted Housing Property Owners to Combat COVID-19
Owners of properties participating in Multifamily assisted housing programs can apply for reimbursement of costs for property improvements and other measures that protect residents from COVID-19. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it is opening a new application period for COVID-19 Supplemental Payment (CSP) funding. This…
Census Bureau: Household Pulse Survey 3.6 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.6 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and…