Joining other critics of the economic stimulus package presented by the Bush administration, the National Low Income Housing Coalition is calling upon Congress to include funding for affordable housing production and rehabilitation in any such package.Commenting on the president's economic proposal, NLHIC president Sheila Crowley said it is "yet another giveaway to the well-to-do" and a "loss of revenue" that may turn into spending cuts that will hurt housing programs, among others. Instead, she urged Congress to increase funds earmarked to build housing, which she said is "a proven economic stimulus" that creates jobs "while meeting a demonstrated need."
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The Request for Information follows Pres. Trump's March 13 executive order, "Promoting Access to Mortgage Credit," the Bureau said.
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Community lenders, mortgage bankers and homeowners associations want more time to gear up for certain changes but officials see reasons to stay on track.
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Retail lender Rate separately launched yet another non-mortgage brand, with outdoor saunas and other furnishings following a high-end performance wear line.
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June purchase demand strengthened, refinances remained steady and pull-through improved, reversing May losses.
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The move is designed to align the two Utah-based businesses under a single unique name and comes two years after the bank acquired the home lender in 2024.
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Federal Reserve Bank of Dallas President Lorie Logan said at an event Thursday that conducting monetary policy actions through a third party would improve efficiency and make markets stronger.
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