The House Committee on Financial Services discussed numerous items on the legislation, including the length of forbearance for homeowners and what they are receiving.
Read More »Greatest Dollar Volume of CRA Lending is in Community Development
Researchers analyze the types of loans that account for the greatest share of lending within the Community Reinvestment Act.
Read More »OCC Aims to Increase Access to Credit
The Acting Comptroller of the Currency said “too many people have been left out” of the nation’s economy. How does the Comptroller’s project address this?
Read More »CFPB Names Deputy Director
The Bureau also announced numerous executive changes in response to the Supreme Court’s decision in Seila Law.
Read More »Longevity of GSEs’ Credit Risk Transfer Program in Doubt
Analysis says the CRT’s creation through the FHFA and not congress served the needs of Fannie Mae and Freddie Mac, rather than political objectives.
Read More »Revised CRA Rule Could Result in Fewer Assessed Loans
A new study found that the revised rule does “offer some improvement,” it was ultimately called “unsatisfactory.”
Read More »$1.5T Moving Forward Act Features Housing, Land-Use Policy Packages
The bill aims to expand the Low-Income Housing Tax Credit and create the Neighborhood Investment Credit.
Read More »Trading Mortgage For Politics
With more than 20 years’ experience in the mortgage industry, Frank Pallotta looks to use his expertise to help the people of New Jersey. This story originally appeared in the July edition of MReport.
Read More »Fed and Treasury Officials Discuss Pandemic Response
Federal Reserve Chairman Jerome Powell said the government will “provide relief to support the recovery for as long as needed.”
Read More »FHA Amends Appraisal Guidelines
The Administration announced in a Mortgagee Letter that requirements would be relaxed through August.
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