FHFA: Data Visualization Dashboard Released for Enterprises’ Multifamily Mortgage Acquisitions
The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. The tool, known as a data visualization dashboard, provides a more accessible way to view and understand data on multifamily mortgages. It…
EDA: $2.4 Million Invested to Capitalize Revolving Loan Fund to Support Small Businesses in North Idaho
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the Panhandle Area Council in Hayden, Idaho, to capitalize a Revolving Loan Fund (RLF) to bolster small business development and expansion. This grant will support the growth of small businesses by providing them with the capital they need…
EDA: $1.5 Million Invested to Capitalize Revolving Loan Fund to Support Small Businesses in Massachusetts
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the South Eastern Economic Development Corporation in Taunton, Massachusetts, to capitalize and administer a Revolving Loan Fund (RLF) serving small businesses across eight Massachusetts counties. This grant will support business start-ups and expansions, provide…
Agencies Extend Comment Period on Request for Information on Bank-Fintech Arrangements
The federal bank regulatory agencies announced today that they will extend until October 30, 2024, the comment period on a request for information on bank-fintech arrangements involving banking products and services. The agencies are seeking input on the nature and implications of bank-fintech arrangements and effective risk management practices. Extending the comment period will allow…
SBA: Application Window Opens for Lenders to Fill Gaps in Credit Markets
Nonbank Licenses Will Enable SBA Loan Guarantees to Spur Lending in Underserved Communities and for Green Investments 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, opened applications for non-traditional lenders to secure an SBA Small Business Lending Company (SBLC)…
EDA: $800,000 Invested to Capitalize a Revolving Loan Fund to Support Small Businesses in Northwest Oregon
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Columbia-Pacific Economic Development District, St. Helens, Oregon, to capitalize a Revolving Loan Fund (RLF) to bolster small business development and expansion. This grant will provide access to capital as gap financing to enable small businesses to grow and…
EDA: $600,000 Invested to Capitalize a Revolving Loan Fund to Support Small Businesses in Los Angeles County, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to PACE Finance Corporation, Los Angeles, California, to capitalize a Revolving Loan Fund (RLF) to bolster small business development and expansion. This grant will provide access to capital as gap financing to enable small businesses to grow and generate new…
FHFA: Mortgage Loan and Natural Disaster Dashboard Released
Agency unveils online tool using existing information to estimate county-level damages and mortgage loan concentrations in disaster-prone areas, and to identify U.S. communities most vulnerable to natural hazards. The Federal Housing Finance Agency (FHFA) released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters as well…
CFPB: Report Highlights Consumer Protection Issues in Medical and Rental Debt Collection
Debt collectors are pursuing consumers using illegal tactics for debts they do not owe The Consumer Financial Protection Bureau (CFPB) today issued its annual report on debt collection, which highlights aggressive and illegal practices in the collection of medical debt and rental debt. The report discusses how problems with real estate companies’ “revenue management software” can result…
HUD: Aid Offered to New Mexico Disaster Victims
Federal aid supports Santa Clara Pueblo for June 2024 storms The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of New Mexico and ordered federal aid to supplement the Tribal Nation’s efforts in the areas affected by severe storms and flooding from June 20…