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» VISIT US ONLINE @ DSNEWS.COM 77 from FY 2014, when $12.2 million was awarded to CDFIs serving Native Communities. Additional information on the FY 2015 rounds of both the CDFI and NACA programs, which includes highlights and the full award list, can be found by clicking here for the CDFI Fund and by clicking here for the NACA Program. Regulators Announce Steps to Reduce Regulatory Burden on Community Banks e Federal Financial Institutions Exami- nation Council (FFIEC) announced the steps regulators are taking to reduce the reporting burden for community banks by streamlining and simplifying the regulatory reporting process. e objectives of the initiative to reduce the regulatory burden on community banks are consistent with the feedback the FFIEC has received as part of the regulatory review conducted under the Economic Growth and Regulatory Paperwork Reduction Act (EG- PRA) of 1996, according to the FFIEC. e federal banking regulatory agencies are seeking comment on proposals they have made to eliminate or revise several data items on Consolidated Reports of Condition and Income (Call Reports) submitted quarterly by banks and savings associations. ese reports include data regulators use to monitor each in- stitution's safety and soundness, performance, and risk profile and to target examination resources and support off-site examinations, according to FFIEC. Credit unions would not be affected by the proposed changes, which would simplify reporting requirements for banks and savings associations. e FFIEC is seeking to find a balance be- tween reporting burden for community banks/ savings associations against regulators' need for reliable data to ensure that those institu- tions are meeting their communities' needs and operating in a safe and sound manner. In addition to the proposed changes to the reporting requirements, the FFIEC is focusing on four other areas to reduce the burden for community banks and savings associations: » A sooner review (required by law) of the continued appropriateness of the data items collected in the Call Report; » Evaluating the feasibility and merits of creating a streamlined version of the quar- terly Call Report for community institu- tions; » Identifying additional opportunities to reduce reporting burden by revising or redefining Call Report data items, through continuing dialogue with community institutions; » Explaining upcoming reporting changes and clarifying technical reporting require- ments to banks and savings associations via teleconferences and webinars Comments on Tuesday's proposed changes to data reporting requirements for banks and savings associations will be accepted within 60 days of the publication of the proposed changes in the Federal Register. e individual reporting changes are proposed to take effect with the Call Reports for December 2015 or March 2016, according to FFIEC. e FFIEC consists of five regulatory agencies: e Consumer Financial Protec- tion Bureau, the Federal Deposit Insurance Corp., the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration. Maine RANK: 5 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 2.42% 2.72% 4.5 YEAR AGO 2.52% 3.79% 5.6 YEAR-OVER-YEAR CHANGE -4.1% -28.1% -1.1 Top County AROOSTOOK COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 4.53% 5.41% YEAR AGO 3.96% 6.90% YEAR-OVER-YEAR CHANGE 14.4% -21.7% Top Core-Based Statistical Area LEWISTON-AUBURN, ME 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 3.40% 4.11% YEAR AGO 2.90% 5.82% YEAR-OVER-YEAR CHANGE 17.4% -29.2% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Maryland RANK: 17 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 2.33% 1.85% 5.1 YEAR AGO 2.81% 2.37% 5.7 YEAR-OVER-YEAR CHANGE -17.1% -21.7% -0.6 Top County BALTIMORE CITY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 4.15% 3.37% YEAR AGO 4.83% 4.18% YEAR-OVER-YEAR CHANGE -14.1% -19.4% Top Core-Based Statistical Area CAMBRIDGE, MD 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 2.42% 2.77% YEAR AGO 3.50% 4.22% YEAR-OVER-YEAR CHANGE -30.9% -34.3% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Massachusetts RANK: 16 90+ Day Foreclosure Unemployment Delinquency Rate Rate Rate JULY 2015 2.35% 1.88% 4.7 YEAR AGO 3.44% 1.37% 5.6 YEAR-OVER-YEAR CHANGE -31.7% 37.1% -0.9 Top County HAMPDEN COUNTY 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 4.47% 3.66% YEAR AGO 6.42% 2.55% YEAR-OVER-YEAR CHANGE -30.3% 43.4% Top Core-Based Statistical Area PITTSFIELD, MA 90+ Day Foreclosure Delinquency Rate Rate JULY 2015 3.80% 3.58% YEAR AGO 5.57% 2.15% YEAR-OVER-YEAR CHANGE -31.8% 66.6% note: The 90+ day delinquecy rate is the percentage of outstanding mortgage loans that are seriously delinquent. The foreclosure rate is the percentage of outstanding mortgage loans currently in foreclosure. State rank is based on the July 2015 foreclosure rate. All figures are rounded to the nearest decimal. The unemployment rate reflects preliminary July 2015 figures released by the Bureau of Labor Statistics. All other data courtesy of LPS Data & Analytics. Washington, D.C. had the second-lowest total of completed foreclosures for the 12-month period ending July 31, 2015, with 124. Only South Dakota (33) had fewer, according to CoreLogic. KNOW THIS

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