FDIC: Resource Guide Highlights Collaborative Opportunities with Minority Depository Institutions
The Federal Deposit Insurance Corporation (FDIC) today issued a resource guide that underscores ways insured depository institutions, including community banks, can partner with minority depository institutions (MDIs) to the benefit of all institutions involved, as well as the communities they serve. The resource guide also notes that banks may realize business and regulatory benefits from…
FHFA: 2018 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2018 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). These goals include: Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid,…
FEMA: 100 Days Marks Hurricane Irma Recovery Progress
In the 100 days since the Sept. 10, 2017 presidential disaster declaration following Hurricane Irma’s destructive path through Florida, the state, with help from federal partners, has progressed from response to significant recovery. Milestones point to this progress: $2.49 billion in survivors’ pockets More than $1 billion in disaster assistance low-interest loans approved by the…
CDFI Fund: Application Demand for FY 2017 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2017 round of its Capital Magnet Fund program. A total of 120 organizations headquartered in 38 states and the District of Columbia submitted eligible applications requesting nearly $540 million in funding. 54…
CDFI Fund: Conference Call on 2018 Bond Guarantee Program Round on December 18th and 19th
On November 1, 2017, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending…
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…