The Federal Reserve will host a policy forum next Tuesday, May 10, in Washington, D.C., to explore the changing demographic and economic trends affecting housing and community development in rural areas. Speakers from the Fed, U.S. Department of Agriculture and housing organizations will discuss the effects of various policies and practices on rural economic vitality and the availability of homes and financing to rural consumers. The conference will begin at 8:30 a.m. EDT and will be live-streamed on the Fed’s website.
SBA reinstates stronger underwriting requirements for 7(a) loans
The Small Business Administration has reinstated stronger underwriting requirements for 7(a) loans through the issuance of a Standard Operating Procedure document.