HUD: Ginnie Mae Extends Assistance to Harvey-Impacted Issuers
Today Ginnie Mae is highlighting its assistance program to help its Mortgage Backed Security (MBS) Issuers impacted by Hurricane Harvey. “We’ll work with our partners to ensure we get through this together,” said Michael Bright, Ginnie Mae Executive Vice President, Chief Operating Officer and Acting President. “Any Ginnie Mae Issuer in need of assistance should…
OCC: National Banks and Federal Savings Associations Encouraged to Work with Customers Affected by Hurricane Harvey
The Office of the Comptroller of the Currency encourages national banks and federal savings associations to work with customers affected by Hurricane Harvey. OCC Bulletin 2012-28 provides examples of steps national banks and federal savings associations may take to support customers affected by natural disasters. The OCC encourages national banks and federal savings associations to…
HUD: Disaster Assistance for Victims of Hurricane Harvey
Foreclosure protection offered to displaced families U.S. Housing and Urban Development Secretary Ben Carson today announced HUD will speed federal disaster assistance to the State of Texas and provide support to homeowners and low-income renters forced from their homes due to Hurricane Harvey. To date, President Trump issued a disaster declaration for the following counties…
Interagency Guidance: Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Harvey
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and state bank regulators recognize the serious impact of Hurricane Harvey on the customers and operations of many financial institutions and will provide regulatory assistance to affected institutions subject to their supervision. The…
HUD: Additional $179 Million to Help States Recover from 2015 & 2016 Disasters
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an additional $178.5 million to help hard-hit areas in several states recover from severe flooding that occurred in 2015 and 2016. The grants announced today are provided through HUD’s Community Development Block Grant – Disaster Recovery (CDBG-DR) Program. Combined with CDBG-DR grants…
SBA: One Month Left to Apply for Disaster Loans in MO, AR and TN
SACRAMENTO, Calif. – Director Tanya N. Garfield of the U.S. Small Business Administration’s Disaster Field Operations Center-West today reminded small nonfarm businesses in 11 Missouri counties and neighboring Arkansas and Tennessee counties of the July 10, 2017, deadline to apply for an SBA federal disaster loan for economic injury. These low-interest loans are to offset economic losses because…
HUD: Additional $163 Million Allocated to Help States and Local Governments Recover from 2015, 2016 Disasters
Funding to support recovery in Louisiana, West Virginia, Texas, Carolinas and Florida WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an additional $163 million to help several state and local communities to recovery from severe flooding that occurred in 2015 and 2016. The grants announced today are provided through HUD’s…
SBA: Four Heroes Win SBA’s 2017 Phoenix Award for Outstanding Disaster Recovery Efforts
WASHINGTON – A South Carolina mayor who championed his city’s post-disaster economic recovery, a volunteer who extended herself to support a small West Virginia town’s rebuilding after a flood, a Texas business owner who rebuilt his company after a devastating flood, and a Northern California public official leading the relief efforts for a fire-ravaged county…