Affordable housing

JPMorgan pledges billions in spending to fix racial wealth gap

10/08/20

The company says it plans to originate 40,000 mortgages for Black and Hispanic households and finance 100,000 affordable rental units over five years.

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Divisions in mortgage industry emerge ahead of 2020 election

08/27/20

Political donations from the sector and interviews with industry experts highlight a wide range of views on affordable housing resources, the appropriate level of regulatory relief and how policymakers should enforce fair housing rules.

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GSE, fair-lending policies could look radically different if Biden wins

08/24/20

If Trump is reelected, his administration would likely move forward with privatizing Fannie Mae and Freddie Mac and relaxing key rules, while a Joe Biden presidency would likely try to expand homeownership access and borrower protections.

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Bipartisan bill aims to offer savings accounts for down payments

08/06/20

The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.

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Housing groups seek change to FHA loan restriction on student debt

08/05/20

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

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What matters most to mortgage lenders in the 2020 election

07/17/20

From affordable housing policy to GSE conservatorship, the next president will wield a heavy influence on mortgage and housing policies.

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Consumer advocate Robert Gnaizda dies at 83

07/14/20

He co-founded California Rural Legal Assistance, Public Advocates and the Greenlining Institute

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4 takeaways from Biden’s embrace of progressive banking policies

07/09/20

The Democrats’ presumptive presidential nominee called for a public credit reporting agency and for the Postal Service to offer financial services, among other proposals issued through a unity task force with Bernie Sanders. But analysts suggest the recommendations are more about electoral politics than pushing for real reforms.

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Why lenders are wary of FHA's terms for buying loans with forbearance

06/10/20

The Federal Housing Administration's move to insure loans with forbearance could help support homeownership opportunities constrained by the coronavirus if one change was made to it, trade groups said.

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Trade orgs say FHLBank targets may increase small member participation

06/10/20

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency.

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