FHFA: Further Data Released on Non-Performing Loan Sales
The Federal Housing Finance Agency (FHFA) today released its fourth report providing information about the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Reportincludes information about NPLs sold through June 30, 2017. It reflects borrower outcomes as of June 30, 2017, on NPLs sold through…
SBA: Veterans Business Outreach Center Fund Opportunity Announced
Private organizations, colleges and universities, private sector firms, nonprofit organizations and state, local or tribal governmental agencies are eligible to apply for funding from the U.S. Small Business Administration to provide training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC). The grant awardees will be providing training…
HUD: Deputy Secretary Leads Senior Recovery Team to Puerto Rico
U.S. Department of Housing and Urban Development Deputy Secretary, Pamela Hughes Patenaude will visit Puerto Rico this week to get a closer look at the island’s recovery from Hurricane Maria. Patenaude will be joined by members of HUD’s Disaster Recovery and Long-Term Housing Team. “The HUD recovery team on the ground in Puerto Rico is comprised…
HUD: Public Awareness Campaign Launched to Help Struggling Homeowners Impacted by Hurricane Harvey
The U.S. Department of Housing and Urban Development (HUD) and the Texas General Land Office (GLO) today launched a public awareness campaign to inform owners of homes damaged by Hurricane Harvey that help is available to avoid foreclosure and to finance repairs. “After a major disaster like Hurricane Harvey, struggling homeowners need to know that…
FHFA: Progress Update on the Single Security Initiative and Common Securitization Platform
The Federal Housing Finance Agency (FHFA) today published An Update on Implementation of the Single Security Initiative and the Common Securitization Platform detailing progress toward further implementation of the Common Securitization Platform (CSP) and launch of a single, common security called the Uniform Mortgage-Backed Security (UMBS). As announced previously, Fannie Mae and Freddie Mac (the…
FDIC: FDIC Consumer News Offers Tips on Dealing with Debt
Whether you have a little bit of debt or a lot, managing it wisely and ultimately paying off what you owe can be crucial to your financial well-being. The Fall 2017 FDIC Consumer News suggests ways to handle different kinds of debt, including: What to do if you’re struggling to pay your loans, credit cards…
CFPB: This Holiday Season, Help Your Kids Build Solid Money Habits
The holiday season provides plenty of opportunities to talk with kids about money, like when you go shopping or when your children receive gifts. No matter what age, kids learn from watching their parents and absorb what they see and hear around them. Your words and actions are opportunities to share money lessons. These opportunities…
Federal Reserve: FEDS | Housing Bust, Bank Lending & Employment: Evidence from Multimarket Banks
Housing Bust, Bank Lending & Employment: Evidence from Multimarket Banks (PDF) David P. Glancy Abstract: I use geographic variation in bank lending to study how bank real estate losses impacted the supply of credit and employment during the Great Recession. Banks exposed to distressed housing markets cut mortgage and small business lending relative to other…