FHFA: Deemed-Issuance Ratio for Trading of Uniform Mortgage-Backed Securities Announced for 2025
Ratio changes to 51 Percent Fannie Mae and 49 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2025 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately…
Federal Banking Regulatory Agencies Seek Further Comment on Interagency Effort to Reduce Regulatory Burden
The federal bank regulatory agencies today announced their third notice requesting comment to reduce regulatory burden. The Economic Growth and Regulatory Paperwork Reduction Act of 1996 requires the Federal Financial Institutions Examination Council and federal bank regulatory agencies to review their regulations at least once every 10 years to identify outdated or otherwise unnecessary regulatory…
CFPB: Rule Proposed to Stop Data Brokers from Selling Sensitive Personal Data
Rule seeks to protect Americans from crime and illegal foreign surveillance The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans’ sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies…
HUD: Aid Offered to Kentucky Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of federal disaster assistance for Kentucky and ordered federal aid to supplement commonwealth and local recovery efforts in the areas affected by the remnants of Hurricane Helene from September 27 to September 30, 2024. President Biden issued a major disaster declaration in the Kentucky….
FDIC: CRA Examination Schedules for First Quarter and Second Quarter 2025 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter 2025 and second quarter 2025. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced that federal disaster assistance is available to the Commonwealth of Kentucky to supplement recovery efforts in the areas affected by remnants of Hurricane Helene from September 27-30, 2024. Public Assistance federal funding is available to the state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work…
FEMA: President Biden Approves Major Disaster Declaration for the Confederated Tribes of the Colville Reservation
FEMA announced that federal disaster assistance is available to the Confederated Tribes of the Colville Reservation to supplement recovery efforts in the areas affected by wildfires from July 17 – Aug. 21, 2024. Public Assistance federal funding is available to the Confederated Tribes of the Colville Reservation and certain private nonprofit organizations on a cost-sharing basis…
FEMA: President Biden Approves Major Disaster Declaration for the Government of Puerto Rico
FEMA announced that federal disaster assistance is available to the government of Puerto Rico to supplement recovery efforts in the areas affected by Tropical Storm Ernesto from August 13-16, 2024. Public Assistance federal funding is available to the state and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work…