Affordable housing

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


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.


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


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


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


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.


Federal court blocks HUD guidance on down payment assistance


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.


The case for market-based CRA reform


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


The Fed’s remarkable turnaround on CRA


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


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


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.


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


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.


Trump forms White House council to ease barriers to affordable housing


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


Congress dangles tax credits to boost supply of affordable housing


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.