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A hike in guarantee fees charged to lenders for the companies’ backing of loans was due to expire this year, but lawmakers now want to extend it to raise $21 billion for the bipartisan package.
July 29 -
If passed, the Affordable Housing Credit Improvement Act introduced last week could spur development of 2 million rental units for low- and moderate-income households over the next decade, writes the president of Enterprise Housing Credit Investments
April 20Enterprise Housing Credit Investments LLC -
Both in terms of interest expense and the sheer cost of dealing with consumers, the mortgage industry is out hundreds of millions of dollars due to this unfunded mandate from Congress, analyst Chris Whalen says.
February 16Whalen Global Advisors LLC -
The Department of Housing and Urban Development bulletin waives “non-citizens” language in the FHA’s handbook, which one Trump administration official had claimed made DACA recipients ineligible for FHA loans.
January 20 -
The incoming administration chose a battle-tested policymaker who can draw on her nearly two decades at the Fed to help rebuild an economy still struggling from the coronavirus pandemic.
November 30 -
The Mortgage Bankers Association points to better lender diversity and a stronger housing finance network as reasons for its support.
June 25 -
The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.
May 13 -
The OCC is plowing ahead on plans to modernize the Community Reinvestment Act, but a growing consensus of industry and community voices says now is not the time for a major overhaul.
May 7 -
Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited.
April 22 -
Bernie Sanders’ rise to front-runner status for the Democratic nomination worries many bankers, but their opinions diverge on his electoral chances and whether a Sanders presidency would pose a direct threat.
February 23