FHFA: 2025 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
The annual list of objectives includes steps for the Enterprises to better manage risk, support market improvements, and facilitate enhanced resilience of the nation’s housing stock The Federal Housing Finance Agency (FHFA) released today the 2025 Scorecard for Fannie Mae and Freddie Mac (the Enterprises), establishing an array of objectives for them to operate safely…
OCC: Annual Report for 2024 Issued
The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. The report highlights the OCC’s work to advance…
Census Bureau: New Data on Minority-Owned, Veteran-Owned and Women-Owned Businesses Released
The U.S. Census Bureau today released new estimates on the characteristics of employer businesses. According to the 2023 Annual Business Survey (ABS), which covers reference year 2022, there were approximately 5.9 million U.S. employer firms, of which 1.3 million (22.6%) were minority-owned; 273,542 (4.7%) were veteran-owned; and around 1.3 million (22.3%) were owned by women. This release also includes…
SBA: Growth Accelerator Fund Competition to Accelerate Innovation-Driven Ecosystem Building Announced Offering Up to $9 Million in Awards
Entrepreneur Support Organizations Will Compete in Two Stages for $75,000 to $150,000; 2025 Application Opens Jan. 8, 2025 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 and startups, announced the upcoming launch of the 2025 Growth Accelerator Fund Competition…
HUD: Adjustments Announced for Affordable Rental Properties to Address Rising Expenses and Insurance Costs
HUD releases 2025 Operating Cost Adjustment Factors, with new rent adjustments to address rising property management expenses, including insurance coverage, for multifamily properties. Amidst rising insurance and property management costs across the nation, the U.S. Department of Housing and Urban Development (HUD) today announced the latest change to help housing providers maintain affordable rents while…
HUD: $225 Million Awarded to Preserve and Revitalize Housing
Funds will support manufactured housing communities through repairs, infrastructure upgrades, homeowner assistance and creation of new homes. Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $225 million in competitive grant funding for 17 awardees with proposed projects across 26 states through the Preservation and Reinvestment Initiative for Community Enhancement…
Agencies Release Annual Asset-Size Thresholds Under CRA Regulations
The Federal Reserve Board and the Federal Deposit Insurance Corporation today announced the 2025 updated Community Reinvestment Act (CRA) “small bank” and “intermediate small bank” asset-size thresholds. The CRA regulations establish the framework and criteria by which the relevant agencies assess a financial institution’s record of meeting the credit needs of its entire community, including…
FHFA: Third Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its third quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 43,459 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
FHFA: 2025-2027 Housing Goals Finalized for Fannie Mae and Freddie Mac
The Agency’s final rule sets benchmarks for the Enterprises’ mortgage acquisitions, and updates the process for determining whether an Enterprise would submit an action plan when an Enterprise misses certain goals The Federal Housing Finance Agency (FHFA) issued a final rule today that establishes new affordable housing goals for the loan purchases of Fannie Mae…
EDA: U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years
Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across…