Mitchell Williams attorney Ashely Gill elected ACTEC Fellow
December 4-10, 2023
Mitchell Williams attorney Ashely Gill elected ACTEC Fellow
(LITTLE ROCK, Ark.) — The Board of Regents of The American College of Trust and Estate Counsel (ACTEC) announced that Attorney Ashley Gill has been elected as a Fellow at the College’s 2023 Fall Meeting in Louisville last week.
With an active practice in trust and estate law, Ashley regularly counsels clients on wealth transfer strategies, including income, estate, gift and generation-skipping transfer tax, asset protection, business succession, and charitable planning to structure plans that both minimize estate shrinkage and maximize the achievement of non-tax goals. She also provides general business and tax advice to both publicly held and privately held companies in connection with mergers and acquisitions, corporation reorganizations, stock restructurings, company dispositions, and employee compensation plans designed to promote efficiency and employee productivity. Ashley is a graduate of the ACTEC Heart of America Fellows Institute.
MBA statement on FHA’s annual report to congress
WASHINGTON, D.C. Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued the following statement regarding today’s Federal Housing Administration (FHA) release of its annual report to Congress:
“The FHA program is healthy, with a high capital reserve ratio and delinquency levels that are now lower than before the pandemic. We applaud the tremendous efforts of HUD, FHA lenders, and mortgage servicers in managing risk, originating quality loans, and helping distressed homeowners exit forbearance and stay in their homes.
“The Fund’s capital reserve ratio is far above the statutory minimum reserve ratio and is well positioned to withstand any economic slowdown.
“FHA’s move to lower mortgage insurance premiums (MIP) earlier this year improved the purchasing power for many homebuyers, but affordability challenges persist because of low housing inventory and high mortgage rates and home prices. Further action on the MIP, such as eliminating the life of loan premium requirement, should be considered to provide payment relief to FHA borrowers.
“We remain engaged with the Biden administration and Congress and will continue to advocate for sustainable policies and programs that boost supply for affordable homeownership and rental housing opportunities, such as comprehensive updates to the 203(k) home rehabilitation program and a MIP reduction for the similarly strong FHA multifamily lending programs.”
SBA opens disaster loan outreach centers in Arkansas
The U.S. Small Business Administration opened three outreach centers on Monday to assist Arkansans affected by severe weather June 25-26.
SBA customer service representatives are available at Disaster Loan Outreach Center (DLOC) locations in Conway, Lonoke and Marked Tree, and a virtual DLOC, to help Arkansans apply for federal disaster loans.
Arkansas Division of Emergency Management staff are also available at Marked Tree to help with the State Individual Assistance program. Arkansans must apply to the SBA disaster loan program to be eligible for individual assistance from the state. Arkansans in Lonoke and Poinsett Counties are eligible for SBA loans to assist with rebuilding real or personal property, as well as assistance based on economic injury due to the disaster, even if they did not experience physical damage, according to the SBA.
(Arkansas Advocate)
