Affordable housing

In New York, growing support for a public bank


Undeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank.


Multifamily lenders balk at N.Y.’s proposed tenant-friendly reforms


Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.


Critics say HUD bid to restrict down payment programs skirts law


Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process.


Bigger is better, BB&T-SunTrust chiefs assure skeptics


The two banks’ CEOs used a public hearing to argue their merger will be a boon for underserved markets. But other speakers warned that bank consolidation hurts communities.


Trump's housing agency cracks down on no-money-down home loans


The Trump administration is cracking down on national affordable housing programs because of concern over growing risk to the government's almost $1.3 trillion portfolio of federally insured mortgages.


Senior HUD official named FHFA deputy director


Adolfo Marzol, who has served as an adviser to HUD Secretary Ben Carson, will now report to the new director of the Federal Housing Finance Agency.


Wells in denial, faster-payments backtrack, delinquency uptick: Top stories of the week


Wells Fargo and the denial stage of recovery; community bankers alarmed after big banks backtrack on faster-payments pricing; credit card, auto loan delinquencies hit seven-year high; and more from this week's most-read stories.


BB&T, SunTrust pledge $30M for affordable housing in Charlotte


The two banks will each give $15 million to the Foundation for the Carolinas, which supports affordable housing development in Mecklenburg County.


Senate confirms Mark Calabria as head of FHFA


The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.


FHFA’s Otting authorizes GSE affordable housing payments


After a brief delay, the agency’s acting director signed off on Fannie Mae and Freddie Mac contributing to the National Housing Trust Fund and Capital Magnet Fund.