April 6 – The FDIC has published a new guide to help community bankers learn more about the programs and products offered by the Federal Home Loan Banks to facilitate mortgage lending.
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February 14 – -Kaspersky Lab and HackerOne, a bug bounty platform, have announced results of the Hacking America: Cybersecurity Perception study, which revealed that American businesses and consumers still need a more comprehensive understanding of cyberthreats and how to protect personal and sensitive business data online.
February 3 – The National Association of Hispanic Real Estate Professionals (NAHREP®) has announced for the second year in a row, United States Census data demonstrates Hispanics were the only ethnic demographic with an increase to their homeownership rate, which surged from 45.6 percent in 2015 to 46.0 percent in 2016. The improvement came in a year when Hispanics also led in net household formations, adding a total net increase of 330,000 households.
February 3 – As it has since 2009, demand for home repair grants from the Federal Home Loan Bank of Dallas (FHLB Dallas) continued in 2017. In only seven days, nearly 300 qualified homeowners submitted applications, through more than 40 FHLB Dallas member institutions, for $1.5 million in Special Needs Assistance Program (SNAP) grants.
January 17 – National Mortgage Insurance Corp., a subsidiary of NMI Holdings Inc., is helping to educate mortgage lenders on how to best reach out to multicultural borrowers. The company is educating lenders through speaking engagements, webinars and social media. (more…)
December 2 – The Federal Home Loan Bank of Chicago (FHLBC) has announced that more than $23.5 million was granted through its competitive Affordable Housing Program (AHP) to help finance 39 affordable housing projects located primarily in Illinois and Wisconsin. Click here to view descriptions of the 2016 AHP awards.
October 21 – Bank of America, in partnership with Self-Help Ventures Fund and Freddie Mac (OTCQB: FMCC), has announced the doubling of its annual commitment to its Affordable Loan Solution™ mortgage program from $500 million to $1 billion, ensuring continued support for an innovative mortgage program that has provided more than 90 percent of its recipients first-time homeownership financing.
Dorothy Savarese brings community bank perspective to her new role leading American Bankers Association.
By Toni Lapp
Dorothy Savarese, president and CEO of The Cape Cod Five Cents Savings Bank, has never been one to complain.
August 12 – The Federal Home Loan Bank of Dallas (FHLB Dallas) has announced that, in partnership with its member financial institutions, it has awarded nearly $7.8 million in Affordable Housing Program (AHP) grants to 27 projects, primarily within its five-state District.