Affordable housing

Wells Fargo faces probe on low-income tax credit purchases


Multiple agencies are looking into its purchase of certain credits tied to low-income housing developments, the bank said in a securities filing Friday.


Low-income renters are being displaced. Is it a bank problem?


With values on multifamily properties soaring, some building owners are using aggressive tactics to push out existing tenants to make room for higher-earning ones. That’s raising questions about whether their lenders are abetting this behavior.


Ginnie Mae nominee deflects questions over GSE reform proposal


Michael Bright co-wrote a paper in 2016 that envisioned making the agency a backstop for the housing finance system, but appeared to distance himself from the proposal at his confirmation hearing.


A Waters-led banking panel may not be the scourge banks fear


The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation.


Waters unveils bill to restore HUD fair housing policies


The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission."


FHFA needs to curb Fannie and Freddie's insatiable appetites


Instead of shrinking the GSEs, the housing regulator is letting them expand into a host of new products and programs.


Small lenders urge FHFA to let Fannie and Freddie rebuild capital


The groups applauded a proposal to establish minimum GSE capital requirements, but called for more immediate steps to release the companies from conservatorship.


Manufactured housing giant endorses HUD's call for regulatory relief


The dominant player in manufactured housing lauded the Trump administration's review of construction standards, but other commenters worry the plan will undermine housing quality.


Low Income Housing Tax Credit gets boost from spending bill


Lawmakers approved a measure to increase the program's funding by nearly $3 billion over four years.


Agency proposes giving FHLBs more latitude on affordable housing funds


The Federal Home Loan banks could "design and implement" their own system for deciding how to allocate resources for affordable housing initiatives under the proposal by the Federal Housing Finance Agency.