FHFA: NMDB Residential Mortgage Dashboard Released
Agency unveils online tool that shows loan performance of residential mortgages at the national and state levels and for the 100 largest metropolitan areas The Federal Housing Finance Agency (FHFA) updated the National Mortgage Database (NMDB®) Aggregate Statistics series to include new quarterly data on the loan performance of residential mortgages through the second quarter…
FHFA: Second Quarter 2024 Foreclosure Prevention and Refinance Report Released
More than 7 million troubled homeowners helped during conservatorships The Federal Housing Finance Agency (FHFA) today released its second quarter 2024 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 46,378 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped…
CFPB: Report Highlights Challenges Facing Servicemembers and Veterans with Student Loans
Annual report also identifies an increase in complaints about all financial products, including from older veterans targeted by scams and fraud Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing servicemembers, veterans, and military families. The report finds that active duty and veteran students are encountering many financial challenges,…
OCC: Mortgage Performance Report for Second Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, a decrease…
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…