A coalition of 61 nonprofit groups is protesting an affordable housing provision in the House GSE bill that would bar them from receiving grants from Fannie Mae and Freddie Mac if they engage in political activities or affiliate with organizations that engage in voter registration or lobbying activities.The coalition, which includes housing, religious, and other nonprofit groups, contends that the provision in H.R. 4161 "would restrict the ability of American citizens to engage in our democratic process." They also stress in a letter to House Speaker Dennis Hastert, R-Ill., that the restrictions on affiliations are "blatantly undemocratic and raise substantial constitutional questions." The coalition wants the Republican leader to remove the offending language from the government-sponsored enterprise reform bill before it goes to the House floor for a vote, possibly the week of Oct. 24. Rep. Barney Frank, D-Mass., said it is "particularly ironic" that the Republicans would force "faith-based groups across the country to choose between providing housing and registering voters and assisting Americans with the opportunity to vote."
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




