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…
HUD: Disaster Aid Offered to New Hampshire Victims
Federal aid supports state, Tribal and local recovery for July 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 Hampshire and ordered federal aid to supplement state and local recovery efforts in the areas affected by a severe storms and…
FHFA: 2025-2027 Housing Goals for Fannie Mae and Freddie Mac Proposed
The Federal Housing Finance Agency (FHFA) issued a proposed rule today that would establish the housing goals for 2025-2027 that Fannie Mae and Freddie Mac (the Enterprises) would be required to meet on an annual basis. FHFA is requesting comments on all aspects of the proposed rule during the 60-day public comment period. The housing…
HUD: Disaster Aid Offered to Kansas Storm Victims
Federal aid supports state, Tribal and local recovery for May 2024 Storms. The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Kansas and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by a severe storm, straight-line…
HUD: Disaster Aid Offered to Nebraska Storm Victims
Federal aid supports state, Tribal and local recovery for May 20, 2024—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 Nebraska and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by severe storms,…
FHFA: Fannie Mae and Freddie Mac Update Their Private Mortgage Insurer Eligiblity Requirements
The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) are issuing updates to the Private Mortgage Insurer Eligibility Requirements (PMIERs) – the financial and operational standards that private mortgage insurance companies must meet to provide insurance on mortgage loans acquired by the Enterprises. “Financially sound private mortgage insurance…
HUD: Disaster Aid Offered to South Dakota Storm Victims
Federal aid supports state, tribal and local recovery for June/July 2024 Storm The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the state of South Dakota and ordered federal aid to supplement State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line…