HUD and Census Bureau: New Residential Sales Report for January 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2018: New Home Sales Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000. This is 7.8 percent (±19.0 percent)* below the revised December…
SBA: CEOs Ready to Get on the Fast Track to Grow in 2018; Apply by March 2nd
SBA Recruits for Emerging Leaders Initiative The U.S. Small Business Administration has launched recruitment for the 2018 Emerging Leaders Initiative, a seven-month executive-level training series targeting small businesses with high-growth potential and the entrepreneurial drive to follow through with their new skills and planning tools. For the seventh consecutive year, the Hawaii District Office will…
CFPB: How to Save for Emergencies and the Future
If your car broke down or you had an unexpected trip to the hospital, would you be able to cover the costs? If you don’t have savings, you could wind up borrowing money at high interest rates, which means you’ll owe even more in the long run. You could end up with credit card debt…
CDFI Fund: Important Reminders for FY 2018 CDFI Program and NACA Program Round Applicants
As a reminder for fiscal year (FY) 2018 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is Friday, March 2, 2018 at 11:59 PM ET. The deadline…
FDIC: Encouraging Consumers of All Ages to Set and Achieve Savings Goals
The Federal Deposit Insurance Corporation (FDIC) today is encouraging people to use America Saves Week as an opportunity to develop, or review their progress toward, financial goals. FDIC Chairman Martin J. Gruenberg said, “During America Saves Week, financial institutions and their community partners collaborate to help people of all ages develop and achieve savings goals….
FDIC: Saul Schwartz Appointed as New Head of Office of Minority and Women Inclusion
The Federal Deposit Insurance Corporation (FDIC) Friday announced that the Board of Directors has approved the appointment of Saul Schwartz as director of the FDIC’s Office of Minority and Women Inclusion (OMWI). Schwartz has served as acting OMWI director since February 2017. He joined the FDIC in 1989, and previously worked in the legal division…
HUD: FHA Expands Foreclosure Relief for Victims of 2017 Disasters
New options offered to struggling homeowners impacted by hurricanes, wildfires and mudslides WASHINGTON – The Federal Housing Administration (FHA) today announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as California wildfires and subsequent flooding and mudslides. FHA is instructing mortgage servicers…
SBA: Over $1 Billion in Disaster Loans Approved in Puerto Rico
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María which struck in September 2017. “Recovery for Puerto Rico has a long way to go. The SBA is still on the…
ABA: 7 Worthwhile Ways to Use Your Tax Refund
Average U.S. taxpayer receives nearly $3,000 refund WASHINGTON – According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount this year. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and…