Housing Finance

Federal Reserve, FDIC and OCC to Develop Joint Community Reinvestment Act Rule

Filed in Advocacy, Housing Finance by on July 21, 2021 1 Comment
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).

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To Help Borrowers, FHFA Eliminates Adverse Market Refinance Fee

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.

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FHFA Issues Policy Statement on Fair Lending

Filed in Housing Finance by on July 1, 2021 0 Comments
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.

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Biden Nominates Julia Gordon as FHA Commissioner

Filed in Housing Affordability, Housing Finance by on June 25, 2021 0 Comments
Biden Nominates Julia Gordon as FHA Commissioner

President Biden has nominated Julia Gordon to serve as commissioner of the Federal Housing Administration (FHA).

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NAHB Tells HUD to Prioritize Housing Affordability

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.

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Biden Replaces FHFA Director Following Supreme Court Ruling

Filed in Advocacy, Housing Finance by on June 23, 2021 2 Comments
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.

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FHA Acts to Remove Homeownership Barriers for Those With Student Loan Debt

Filed in Advocacy, Housing Finance by on June 18, 2021 0 Comments
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.

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FHFA Extends COVID-19 Multifamily Forbearance Through Sept. 30, 2021

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.

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NAHB’s Longtime Housing Finance Legend, David Ledford, Retires

Filed in Housing Finance by on May 19, 2021 2 Comments
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.

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OCC May Rewrite Community Reinvestment Act Regulations

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.

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