FHFA: Index Shows Mortgage Rates Decreased in February 2019
Nationally, interest rates on conventional purchase-money mortgages decreased from January to February, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.46 percent for loans closed in late February, down 14 basis points from 4.60 percent in January. The average…
FDIC: New Members of the Advisory Committee on Community Banking Announced
The Federal Deposit Insurance Corporation (FDIC) has announced the selection of six new members to its Advisory Committee on Community Banking, which has been providing advice and recommendations to the FDIC on a broad range of community bank policy and regulatory matters since it was established in 2009. The Advisory Committee members represent a cross-section…
EDA: $4.3 Million Invested to Protect Businesses from Flooding in Arcadia, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.3 million grant to the city of Arcadia, Wisconsin, to prevent flooding in commercial areas by improving storm water management infrastructure. According to grantee estimates, the project is expected to retain 105 jobs and generate $4 million…
EDA: $1.1 Million Invested to Support Disaster Recovery Efforts in Houston, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to TruFund Financial Services, Inc. to develop a technical assistance program that will support entrepreneurial business development opportunities for small and minority-women owned business operating in Hurricane Harvey-impacted Houston, Texas, region. “President Trump champions…
CFPB: Get Your Credit on Track with New CFPB Booklet
Today the Bureau is releasing “Want credit to work for you?” the newest addition to the Your Money, Your Goals suite of financial empowerment tools. The third in a series released by the Bureau, this booklet provides eight tools to help consumers through the various stages of building credit, maintaining good credit, and fixing credit if it…
FEMA: What is FEMA Public Assistance?
What is FEMA Public Assistance? Public Assistance is a reimbursement program that provides federal funding to help communities respond to and recover from disasters such as Hurricane Florence and Tropical Storm Michael. FEMA reimburses state and local governments and certain types of private nonprofit organizations for the cost of disaster-related debris removal, emergency protective measures…
FEMA: President Trump Approved Major Disaster Declaration for the La Jolla Ban of Luiseno Indians
FEMA announced today that federal disaster assistance has been made available for the La Jolla Band of Luiseño Indians to supplement tribal recovery efforts in the areas affected by severe storms, flooding, landslides, and mudslides from Feb. 14 – 15, 2019. Federal funding is available to the La Jolla Band of Luiseño Indians and certain…
EDA: $3.7 Million Invested for Disaster Recovery and Resiliency Infrastructure Upgrades in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $3.7 million in grants to the state of South Carolina to make critical infrastructure upgrades needed to help the state respond to recent natural disasters. “The Trump Administration has repeatedly emphasized the need to upgrade America’s infrastructure,” said…
FHFA: House Price Index Up 0.6 Percent in January; Up 5.6 Percent from Last Year
U.S. house prices rose in January, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.3 percent increase for December 2018 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
FEMA: President Trump Approves Major Disaster Declaration for Iowa
FEMA announced that federal disaster assistance has been made available to the state of Iowa to supplement state and local recovery efforts in the areas affected by severe storms and flooding beginning on March 12, 2019, and continuing. The President’s action makes federal funding available to affected individuals in Fremont, Harrison, Mills, Monona, and Woodbury…