HUD: $72 Million Announced to Help End Youth Homelessness in America
Funding will support actions to end youth homelessness by expanding housing opportunities supportive services in 11 states Today, the U.S. Department of Housing and Urban Development (HUD) announced $72 million to fund youth homelessness housing across 14 communities, including five rural communities. This funding, through HUD’s Youth Homelessness Demonstration Program (YHDP), will support various housing…
HUD: $12 Million Announced to Lower Housing Costs and Expand Access to Affordable Homeownership
Funding will allow local organizations to develop affordable housing and create homeownership opportunities for low-income Americans Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $12 million to expand access to affordable housing and homeownership opportunities for Americans in rural and urban communities across the country. Grant funding awarded to…
FHFA: House Price Index Up 0.3 Percent in August 2024; Up 4.2 Percent from Last Year
U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes…
ABA: New National Consumer Polling Data on Major Bank Policy Issues Unveiled
Strong majorities value credit cards and overdraft protection, oppose lowering debit interchange fees, and support cannabis banking A new survey conducted by Morning Consult on behalf of the American Bankers Association found that a strong majority of U.S. consumers are happy with their credit cards and do not want the government to interfere with their…
ABA: Board and Officers Elected for 2024–2025
Members attending the American Bankers Association’s annual convention in New York City have elected new ABA officers and directors to serve on ABA’s board for the 2024-2025 association year. The new officers are: CHAIR: John C. Asbury, chief executive officer, Atlantic Union Bancshares Corp., Richmond, Va.; CHAIR-ELECT: Kenneth Kelly, chairman and CEO, First Independence Bank, Detroit; VICE…
ABA: Atlantic Union Bank CEO John C. Asbury Elected as New ABA Chair
The American Bankers Association today elected John C. Asbury as its chair for the 2024 – 2025 association year at ABA’s annual convention held in New York City. 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…
FHFA: HUD and FHFA Expand Scope of Public Appraisal Data to Ensure Fairer Home Appraisals
The Federal Housing Finance Agency released its latest update of the Uniform Appraisal Dataset (UAD) that now includes appraisal data on loan applications submitted to the Federal Housing Administration The Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) today jointly released new appraisal data from loan applications on single-family…
FHFA: Updates to Enterprise Policies on Appraisals, Loan Repurchase Alternatives, and Pricing Notifications Announced
The Federal Housing Finance Agency (FHFA) announced updates today to several Fannie Mae and Freddie Mac (the Enterprises) policies that are intended to enhance efficiencies and promote cost savings in the single-family mortgage market. “Today’s announcements highlight actions that will better ensure the Enterprises are reliable sources of liquidity for lenders of all sizes and…
ABA: National Survey Finds U.S. Consumers are Happy with Their Bank, View Banks as Source of Strength for the Economy
Poll also finds Americans trust banks more than other industries to protect them from fraud In a nation deeply divided just a week ahead of Election Day, a new national survey shows Americans agree on one thing: they like their bank. Nearly 9 in 10 Americans with a bank account (85%) say they are “very…
FEMA: President Biden Approves Major Disaster Declaration for the Havasupai Tribe
FEMA announced that federal disaster assistance is available to the Havasupai Tribe to supplement recovery efforts in the areas affected by flooding on August 22-23, 2024. The President’s action makes federal funding available to affected individuals of the Havasupai Tribe. Assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured…