Housing Finance
Banking Agencies Propose Modifications to Commercial Real Estate Rule
Three banking agencies – the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency – on Sept. 18 invited public comment on a proposed rule to modify the agencies’ capital rules for high volatility commercial real estate.
FHFA Proposes New Rulemaking on Uniform Mortgage-Backed Securities
The Federal Housing Finance Agency (FHFA) announced it is issuing a proposed rule to require Fannie Mae and Freddie Mac (the Enterprises) to align programs, policies, and practices that affect the prepayment rates of “To-Be-Announced” (TBA)-eligible mortgage-backed securities (MBS).
A 10-Year Anniversary Highlights Need for Housing Finance Reform
With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.
GSE Reform Needed Now, Coalition Says
NAHB has joined a coalition of 30 trade associations in the real estate, lending and home building industries to urge Congress and the Trump administration to lock in recent reforms to Fannie Mae and Freddie Mac and take the status of these GSEs out of limbo.
NAHB to Weigh In on Updating Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency has announced it is seeking comments on modernizing Community Reinvestment Act (CRA) regulations and NAHB intends to weigh in.
Fannie Mae, Freddie Mac to Conclude Their Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) announced today that it is directing Fannie Mae and Freddie Mac (the Enterprises) to conclude their single-family rental market pilot programs except through their previously existing investor programs.
Kavanaugh and Home Building: What the Record Shows
As legal pundits and news outlets pour over Judge Brett Kavanaugh’s extensive judicial record to learn more about President Trump’s new Supreme Court nominee, members need only turn to the multiple NAHB court cases over which Kavanaugh has presided at the U.S. Court of Appeals for the D.C. Circuit to get a fuller picture.
More Ways to Discover Affordable Housing Development Opportunities
NAHB has added six new cities to its exclusive series of maps detailing metro areas where the Low Income Housing Tax Credit (LIHTC) is used to develop new affordable homes. Members can use these maps to better understand the distribution of LIHTC housing in select metropolitan areas and identify where additional housing may be needed.
Senate Panel Approves $1.8 Billion Budget Increase for HUD
The Senate Appropriations Committee has unanimously approved $44.5 billion for HUD in fiscal 2019, which is $900 million more than the House legislation and $1.8 billion above the fiscal 2018 enacted level. The following are fiscal 2019 funding levels approved by the Senate panel for key HUD programs: The HOME program received $1.4 billion for […]
VA Changes Approval Process for Site Condos in Michigan
In an important victory for NAHB and Michigan home builders, the Department of Veteran Affairs has announced a major change that will waive VA’s site condo approval process for single-family detached homes in the state of Michigan.
