Industry News

SBA: National Veterans Small Business Week Announced

Events Nationwide Will Highlight Agency’s Efforts to Support Nearly 2 Million Veteran and Military Spouse-Owned Small Businesses Today, Administrator Isabel Guzman, the head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the SBA will celebrate the 10th annual National Veterans Small Business Week (NVSBW) from Oct….

EDA: 31 Tech Hubs Designated Across America

As part of the President’s Investing in America agenda, the U.S. Department of Commerce identified regional centers primed for technological innovation and job creation The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced the designation of 31 Tech Hubs in regions across the country. This is the first phase…

SBA: Access to Capital Expanded for Underserved Small Businesses Through Mission-Based Lenders

SBA Introduces 143 New Community Advantage Small Business Lending Companies (SBLC) Across America This week at the Opportunity Finance Network (OFN) annual conference, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced that the SBA has successfully made permanent its mission-lending Community…

ABA: Bank Employees Across U.S. Celebrate 20th Annual Get Smart About Credit Day

Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by sharing information with teens and young adults on a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth…

HUD: Expansion of the ConnectHomeUSA Initiative Announced to Bridge the Digital Divide for HUD-Assisted Families

The announcement expands the Department’s work to promote digital inclusion for American families and builds on its ongoing work with the FCC to ensure all HUD-assisted families enroll in the Affordable Connectivity Program The U.S. Department of Housing and Urban Development (HUD) is announcing the expansion of the ConnectHomeUSA (CHUSA) initiative through a notice in the Federal…

HUD: FHA Expands Access to Mortgage Financing for Homes that Have or Will Include Accessory Dwelling Units

New Accessory Dwelling Unit policy provides expanded financing options for borrowers and reinforces Biden-Harris Administration housing supply and homeownership goals The U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), today announced a new policy which allows lenders to count income from small units of housing built inside, attached to, or…

FHFA: Expanded Eligibility Announced for “Rep and Warrant” Relief Following COVID-19 Forbearance

Today, the Federal Housing Finance Agency (FHFA) announced that it will revise the treatment of active single-family mortgages backed by Fannie Mae and Freddie Mac (the Enterprises) for which borrowers elected a COVID-19 forbearance under the Enterprises’ representations and warranties (rep and warrant) framework. Under the updated rep and warrant policies, loans for which borrowers…

FHFA: Property Insurance Symposium Scheduled for November 14th and 15th

In an effort to foster dialogue on the growing challenges related to the availability and affordability of property insurance, the Federal Housing Finance Agency (FHFA) today announced it would host the first in a series of property insurance symposiums on November 14 and 15, 2023. “We are looking forward to engaging with industry leaders and…

HUD: Inaugural Latino Task Force Launched During Hispanic Heritage Month 2023

Dedicated to empowering the Hispanic community and bridging disparities in housing, procurement, and hiring practices As we approach the end of Hispanic Heritage Month 2023, the U.S. Department of Housing and Urban Development (HUD) officially announces its Inaugural Latino Task Force. This task force is part of a larger initiative across the Federal Government to…

ABA: Virginia Banker Appointed Chair of American Bankers Council

The American Bankers Association today announced that John Asbury has been named chair of ABA’s American Bankers Council for the 2023-2024 membership year. Asbury is the president and CEO of Atlantic Union Bankshares and CEO of Atlantic Union Bank, a Richmond, Va.-based bank with 109 branches in Virginia, Maryland and North Carolina. He is also…