Category: Government
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SBA Announces Matchmaking Events through American Supplier Initiative
The U.S. Small Business Administration (SBA) has announced matchmaking events throughout 2015 which will expand the American Supplier Initiative. Created in 2012, the American Supplier Initiative supports American manufacturing by investing in the small businesses that comprise America’s suppliers.
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Breaking News: President Obama To Announce Decrease In FHA Premiums
In an effort to make home buying more accessible for first-timers, President Barack Obama has set out to decrease the Federal Housing Administration (FHA) mortgage-insurance premiums. The annual fees the FHA charges will be dropped by o.5 percentage points, according to two people with knowledge of Obama’s plans. The…
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Congresswoman Chu Speaks at Inaugural Conference
Long Beach – Congresswoman Judy Chu was the opening keynote address at the NAWRB Inaugural Conference on Oct. 29 and provided insight on how the Committee of Ways and Means and recently introduced legislation, Women’s Small Business Ownership Act of 2014, impact small businesses and give women-owned businesses…
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FDIC Appoints New Director for OMWI
The Federal Deposit Insurance Corporation (FDIC) appointed Segundo Pereira as the new Director and Officer of the Corporation for the Office of Minority and Women Inclusion. Pereira will replace Andrew Gray, who accepted a position at JPMorgan Chase.
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Julian Castro Gains Senate Committee Support for Housing Secretary
San Antonio Mayor Julian Castro was approved by the U.S. Senate Banking Committee today as head of the Department of Housing and Urban Development (HUD). Castro was previously nominated for the position by President Obama earlier this year.
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FHFA Decision: Path to Affordable Housing or Another Crash?
Mel Watt, Director of the Federal Housing Finance Agency (FHFA), is facing mounting pressure regarding his decision to lift a temporary suspension on allocating funds to the national Housing Trust Fund (HTF) and Capital Magnet Fund (CMF). With the lifted suspension, 4.2 basis points of each dollar of the unpaid principal balance for new business…