Affordable housing

Regulators may end CRA credit for loans to wealthy: OCC’s Otting

08/09/19

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.

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Crapo to join HUD's Carson at event on affordable housing

08/09/19

Secretary Ben Carson was invited by the head of the Senate Banking Committee to Idaho to discuss low-income housing shortages.

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Mnuchin's former bank agrees to $100M redlining settlement

07/29/19

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which was run by Steven Mnuchin prior to him becoming Treasury secretary.

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Federal court blocks HUD guidance on down payment assistance

07/17/19

The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

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The case for market-based CRA reform

07/12/19

Many oppose a metric-based approach, but there are ways it could actually work.

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The Fed’s remarkable turnaround on CRA

07/11/19

The central bank has a long history of fighting reforms to the Community Reinvestment Act, until now.

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House votes to protect VA loans, promote counseling for FHA borrowers

07/10/19

The chamber passed a bill that would clarify how certain loans backed by the Department of Veterans Affairs are securitized, and legislation encouraging first-time homebuyers to participate in counseling programs.

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CRA credit for fighting climate change: One Fed bank's suggestion

07/02/19

As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.

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Trump forms White House council to ease barriers to affordable housing

06/25/19

The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.

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Congress dangles tax credits to boost supply of affordable housing

06/18/19

The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.

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