FEMA: President Biden Approves Major Disaster Declaration for the Crow Tribe of Montana
FEMA announced today that federal disaster assistance is available to the Crow Tribe to supplement recovery efforts in the areas affected by the severe storm and straight-line winds that occurred on Aug. 6, 2024. The President’s action makes federal funding available to affected individuals of the Crow Tribe. Assistance can include grants for temporary housing and…
HUD: In 2024, FHA Supported Homeownership for More Than 790,000 Americans
Annual Report to Congress shows the Biden-Harris Administration has removed barriers to homeownership and helped borrowers with hardships while maintaining a well-capitalized Mutual Mortgage Insurance Fund Today, the U.S. Department of Housing and Urban Development (HUD) announced that through the Federal Housing Administration (FHA), in 2024, HUD served more than 790,000 people. This announcement is…
FHFA: FY 2024 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2024. For the sixteenth consecutive year, FHFA received an unmodified audit opinion on its…
CFPB: Report Details Student Borrower Harms from Servicing Failures and Program Disruptions
Analysis of 18,000 borrower complaints reveals payment processing errors, inaccurate bills and repayment information, and unhelpful customer service The Consumer Financial Protection Bureau (CFPB) today released the annual report of the CFPB Student Loan Ombudsman, highlighting the severe difficulties reported by student borrowers due to persistent loan servicing failures and program disruptions. The report details how millions…
FEMA: President Biden Approves Major Disaster Declaration for Wyoming
FEMA announced that federal disaster assistance is available to the state of Wyoming to supplement recovery efforts in the areas affected by wildfires from Aug. 21-31, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance is available to the state of Alaska to supplement recovery efforts in the areas affected by landslides on Aug. 25, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the…
SBA: Season of Small Business to Kick Off with Small Business Saturday on November 30th
This Year’s Theme — Gift Big, Shop Local™ — Encourages Shoppers to Support Local Small Businesses Throughout the Holiday Season Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, is urging Americans to embrace the spirit of the holiday…
HUD: Over $37 Million Delivered to Build and Preserve Affordable Housing in Reno, NV
Newly announced transaction supports the construction and rehabilitation of 150 affordable homes for low-income individuals and families. Today, the U.S. Department of Housing and Urban Development announced the completion of a $37 million Rental Assistance Demonstration (RAD) transaction with the Reno Housing Authority to expand affordable housing options for low-income individuals and families. This transaction…
ABA: Ag Lender Survey Shows Farm Profitability Expected to Decline in 2024
ABA, Farmer Mac survey results revealed at ABA Agricultural Bankers Conference in Milwaukee Agricultural lenders expect only 58% of borrowers will remain profitable this year compared to 78% last year, according to the 2024 Ag Lender Survey report produced jointly by the American Bankers Association and the Federal Agricultural Mortgage Corporation, more commonly known as Farmer Mac (NYSE:…
HUD: Nearly $4.8 Million Announced to Support Homeless North and South Carolinians After Hurricane Helene
Funding to provide shelter for homeless families. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $4.8 million to support people experiencing homelessness in communities across North Carolina and South Carolina recovering from Hurricane Helene. Through HUD’s Rapid Unsheltered Survivor Housing (RUSH) program, funding will be allocated to Winston-Salem, NC ($548,000); Charlotte,…