Author Archive | Josh Kogler

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HUD Updates

Tuesday, November 12, 2013 HUD SECRETARY DONOVAN AND DOT SECRETARY FOXX UNVEIL TOOL TO PROVIDE U.S. RENTERS AND HOMEOWNERS WITH NEW HOUSING AND TRANSPORTATION CALCULATOR Friday, December 6, 2013 HUD ANNOUNCES NEW FHA LOAN LIMITS TO TAKE EFFECT JANUARY 1ST Wednesday, December 11, 2013 HUD RELEASES ‘QUALIFIED MORTGAGE’ DEFINITION

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CFPB Launches Toolkit to Help Teachers and Other Public Servants Tackle Student Debt

WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) launched a toolkit to empower school districts and other public service organizations to help their employees pay off student loan debt. The CFPB is asking these employers to make a pledge to inform their employees of their options. Up to a quarter of the U.S. workforce […]

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FDIC-Insured Institutions Earned $42.2 Billion in the Second Quarter of 2013

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $42.2 billion in the second quarter of 2013, a $7.8 billion (22.6 percent) increase from the $34.4 billion in profits that the industry reported a year earlier. This is the 16th consecutive quarter that earnings have registered […]

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HUD Announces Additional Measures To Manage Risk in FHA’s Reverse Mortgage Program

New mortgagee letters spells out changes and provides guidance WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is today publishing new guidance to manage risk associated with the Federal Housing Administration’s (FHA) reverse mortgage or Home Equity Conversion Mortgage (HECM) Program.  This is part of the Department’s continuing effort to reform, strengthen and […]

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FDIC Approves Final Rule on the Definition of Deposit at Foreign Branches of US Banks

FDIC Approves Final Rule on the Definition of Deposit at Foreign Branches of U.S. Banks to Clarify That These Deposits are Not Insured by the FDIC The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a final rule clarifying that deposits in foreign branches of U.S. banks are not FDIC-insured, even […]

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