FHFA: Maximum Conforming Loan Limits Announced for 2018
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Baseline limit The Housing and Economic…
HUD and Census Bureau: New Residential Sales Report for October 2017
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau today jointly announced the following new residential sales statistics for October 2017: NEW HOME SALES Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the Department…
FDIC: Webinar Announced on Resources for Accessing Affordable Mortgage Credit for December 8th
Printable Format: FIL-61-2017 – PDF (PDF Help) Summary: The FDIC is hosting a webinar on December 8, 2017, from 2:00 p.m. to 3:30 p.m. Eastern Time. The webinar will highlight the FDIC’s Affordable Mortgage Lending Guide, and panelists will discuss state and federal mortgage products. The goal is to increase lenders’ awareness and understanding of…
OCC: Joseph M. Otting Takes Office as the 31st Comptroller of the Currency
Joseph M. Otting today became the 31st Comptroller of the Currency, after being sworn into office by Secretary of the Treasury Steven T. Mnuchin and being confirmed by the U.S. Senate on November 16, 2017. President Donald Trump nominated Mr. Otting in June 2017. The U.S. Senate confirmed him on November 16, 2017. Mr. Otting…
CDFI Fund: FY 2017 Round BEA Program Application Submission Deadline Extended to December 14th
On September 29, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Funds Availability (NOFA) for the Bank Enterprise Award Program (BEA Program) that the deadline for submitting the FY 2017 BEA Program Application (Application) via the CDFI Fund’s Award Management Information System (AMIS) was 5:00 p.m. Eastern Time on…
CFPB: Leandra English Named Deputy Director of the Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) today announced that Leandra English has been officially named deputy director of the agency. English, who had been most recently serving as the agency’s chief of staff, has previously held key leadership positions at the CFPB, the Office of Management and Budget, and the Office of Personnel Management. David…
FEMA: Major Disaster Declaration Declared for Mississippi & Alabama
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Mississippi to supplement state and local recovery efforts in the areas affected by Hurricane Nate from October 6 to October 10, 2017. Federal funding is available to state and eligible local governments and certain private…
FEMA: Federal Aid Programs for the State of Mississippi
Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Donald J. Trump’s disaster declaration issued for the state of Mississippi. Assistance for State and Affected Local Governments Can Include as Required: Payment of not less than 75 percent of the eligible costs for…