Housing Finance
Federal Reserve, FDIC and OCC to Develop Joint Community Reinvestment Act Rule
The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) have jointly announced that they will work together to modernize the regulations that implement the Community Reinvestment Act (CRA).
To Help Borrowers, FHFA Eliminates Adverse Market Refinance Fee
In a move to ease costs for borrowers who refinance, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective Aug. 1, 2021.
FHFA Issues Policy Statement on Fair Lending
The Federal Housing Finance Agency (FHFA) today issued a policy statement on fair lending that communicates FHFA’s fair lending expectations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks and outlines FHFA’s fair lending oversight and enforcement to ensure compliance with the law.
Biden Nominates Julia Gordon as FHA Commissioner
President Biden has nominated Julia Gordon to serve as commissioner of the Federal Housing Administration (FHA).
NAHB Tells HUD to Prioritize Housing Affordability
On June 21, NAHB CEO Jerry Howard met with Lopa Kolluri, HUD’s Principle Deputy Assistant Secretary for the Office of Housing-Federal Housing Administration, and her leadership team to discuss housing affordability concerns.
Biden Replaces FHFA Director Following Supreme Court Ruling
President Biden moved quickly to replace Federal Housing Finance Agency (FHFA) Director Mark Calabria after the U.S. Supreme Court ruled today that the FHFA director can be removed at will. This evening he named Sandra L. Thompson as Acting Director of FHFA.
FHA Acts to Remove Homeownership Barriers for Those With Student Loan Debt
At NAHB’s urging, the Federal Housing Administration (FHA) today announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single-family FHA-insured mortgage financing for creditworthy individuals with student loan debt.
FHFA Extends COVID-19 Multifamily Forbearance Through Sept. 30, 2021
The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through Sept. 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire June 30.
NAHB’s Longtime Housing Finance Legend, David Ledford, Retires
After nearly four decades of service, David Ledford, NAHB executive vice president for Housing Finance and Regulatory Affairs, retired on May 7.
OCC May Rewrite Community Reinvestment Act Regulations
The Office of the Comptroller of the Currency (OCC) yesterday announced it would reconsider a rule finalized by the Trump administration to modernize the Community Reinvestment Act (CRA) regulations.
