News Topic: Housing affordability
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Bipartisan bill aims to offer savings accounts for down payments
The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans. ... Read full article
GSE capital plan would make buying a home more expensive, critics say
The FHFA’s proposal is intended to strengthen Fannie Mae and Freddie Mac, but many experts warn that it could boost guarantee fees for lenders that they say may be passed on to borrowers. ... Read full article
HUD should scrap its new fair housing plan
The agency issued a fair housing proposal last month that would perpetuate segregation and make it harder to detect discrimination. ... Read full article
A Community Reinvestment Act that works for everyone
Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA. ... Read full article
Let’s rethink how CDFIs are examined
These community development-focused banks need tailored regulations to expand their purpose in helping underserved areas. ... Read full article
HUD asks for input on policies that may limit affordable housing
The Department of Housing and Urban Development is seeking public feedback on federal, state and local laws and regulations that may inhibit affordable housing or constrain the supply of housing. ... Read full article
FHFA's Calabria is open to wiping out Fannie, Freddie shareholders
At a House hearing covering a whole host of housing finance reform topics, Fannie Mae and Freddie Mac's regulator said "if the circumstances" call for eliminating investors, "we will." ... Read full article
The ball is in FHFA’s court for reforming the GSEs
The FHFA can go beyond a recent Trump administration report to level the playing field between the private sector and Fannie Mae and Freddie Mac. ... Read full article
FHFA boosts multifamily lending caps for Fannie and Freddie
The Federal Housing Finance Agency is revising the multifamily loan purchase caps for the mortgage giants Fannie Mae and Freddie Mac to increase affordable housing. ... Read full article
The case for market-based CRA reform
Many oppose a metric-based approach, but there are ways it could actually work. ... Read full article
The Fed’s remarkable turnaround on CRA
The central bank has a long history of fighting reforms to the Community Reinvestment Act, until now. ... Read full article
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. ... Read full article
HUD down-payment policy harms first-time buyers
The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs. ... Read full article
FHFA's Calabria urges reg relief for homebuilders
The head of Fannie Mae and Freddie Mac’s regulator blamed “burdensome” local regulations for a lack of housing supply, and also provided an update on the administration’s plan for GSE reform. ... Read full article
Will housing issues be a focus of 2020 race?
At a time when costs continue to soar and regulators weigh reforms for Fannie Mae and Freddie Mac, more than half of the Democratic presidential candidates have talked about housing on the campaign trail. ... Read full article
House hearing on fair-lending rules keeps spotlight on Facebook
A discussion on how to modernize policies to combat housing discrimination quickly turned into a sharp critique of the social media giant's advertising practices. ... Read full article
5 questions for Freddie Mac’s new CEO
David Brickman will take the helm of the mortgage giant at a time of transformation in the mortgage market and housing finance policy. ... Read full article
Housing advocates surprisingly upbeat on FHFA nominee
Mark Calabria has notably criticized the government’s role in housing, but some groups have taken him at his word when he told senators that he supported affordable housing initiatives. ... Read full article
FHA expands affordable housing pilot program
The agency's pilot program, designed to streamline mortgage insurance applications associated with the Low-Income Housing Tax Credit program, will now include applications for new construction and substantial rehabilitation. ... Read full article
