Besides Hurricane Maria, only one other category 5 hurricane made landfall in Puerto Rico in over 150 years – the San Felipe Segundo that hit the island in 1928. In more recent history, Hurricane Georges, a category 3 storm, hit the island in 1998 causing significant destruction. In this Part 1 of our series on...more

Frail Housing Market Before Hurricane Maria Prior to Hurricane Maria, Puerto Rico faced significant fiscal challenges, including high rates of debt, poverty, and unemployment coupled with a frail housing market. According to Puerto Rico’s Officer of the Commissioner of Financial Institutions, more than 5,700 homes were foreclosed in 2016, which is more than double the foreclosures from a...more

SP GROUP AWARDED GSA MULTIPLE AWARD SCHEDULE 00CORP PROFESSIONAL SERVICE SCHEDULE CONTRACT SP Group is proud to announce that we have been awarded a GSA Multiple Award Schedule (MAS) Professional Services Schedule (PSS) Contract by the U.S. General Services Administration (GSA). The contract allows for Federal customers to efficiently purchase a wide range of SP...more

SP Group has designed a best practices checklist for developing and evaluating funding dashboards for the Community Development Block Grant Disaster Recovery (CDBG-DR) Program. On June 7, 2018, The House Committee on Financial Services approved the Reforming Disaster Recovery Act of 2018 (H.R. 4557), to permanently authorize the CDBG-DR Program.  The bill included provisions designed to increase the efficiency,...more

SP Group is very proud to announce that, for the second year, we were a sponsor of the Association of Public Data Users (APDU) 2018 Annual Conference! We also organized and moderated the panel “Making Connections: Linking Data to Solve Public Problems“. Our panel was about how private and administrative data can supplement or enhance nationally collected public data. How are...more

There are 16 wildfires burning in California. One of the largest fires is the Carr Fire near Redding. The Carr Fire has been burning for more than three weeks and as of mid-August, it has not been fully contained. It has destroyed more than 1,000 homes and over 200,000 acres, making it one of the largest wildfires in California’s history.   To...more

Non-profits, while perhaps most suited to work with borrowers of seriously delinquent mortgages, face many challenges to independently purchase and resolve distressed mortgages. However, with strategic and financial partnerships, non-profits can overcome hurdles to participation in note sales.   A popular and effective means of resolving large numbers of defaulted single family home loans has...more