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Fannie Mae

NCRC supports removing GSEs from conservatorship, but not like this

By / / Press Releases / 3 minutes of reading

“While NCRC supports ending the conservatorship of Fannie Mae and Freddie Mac, the fundamental restructuring of the nation’s housing finance system envisioned across several federal agencies and programs represents a significant turnaround in the nation’s commitment to facilitating homeownership for low- and moderate-income (LMI) families,” said NCRC CEO Jesse Van Tol.

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Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less

By / / Press Releases, Policy / 2 minutes of reading

A coalition of housing, consumer protection and community development organizations yesterday called on the Trump administration to not undermine policies that help low- and moderate-income (LMI) people buy homes, and avoid changes that would make home-buying harder for millions.

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The CFPB must provide paths for LMI home buyers that will be harmed by any expiration of GSE Patch

By / / Press Releases / 2 minutes of reading

Since the financial crisis, the CFPB’s QM rules have helped ensure that the nation’s financial institutions provide low- and moderate-income (LMI) families with prudent and sustainable mortgage loans. The CFPB must provide alternatives that ensure that the LMI borrowers benefiting from the GSE Patch today continue to have viable paths to homeownership.

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NCRC condemns Crapo GSE plan to drop affordable housing goals

By / / Press Releases / 1 minute of reading

WASHINGTON, DC — Today, Senate Banking Committee Chairman Mike Crapo, R-Idaho, released a plan to significantly alter the U.S. housing finance system. The plan would eliminate the affordable housing goals, the government-sponsored enterprises’ (GSEs) Duty to Serve rule and repeal their charter obligation to facilitate the financing of affordable housing for low- and moderate-income families. 

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Realtor.com: Can Fannie and Freddie provide a jolt to buyers desperate for affordable housing?

By / / In the News / 1 minute of reading

Those who don’t have a generous pre-approval letter from a lender in their pocket might find themselves out of luck when they go house hunting. That’s why some of the biggest players in housing finance are making new efforts to open up housing options for low- and middle-income buyers.

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NCRC Releases Paper Calling For Protection of Duties to Serve, Recapitalization and Reform of Fannie and Freddie

By / / Press Releases / 2 minutes of reading

Washington – Today, the National Community Reinvestment Coalition (NCRC) released a white paper making a case for the recapitalization of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and continuing the reforms of the GSEs started with the passage of the Housing and Economic Recovery Act of 2008 (HERA). The white paper, “Protecting Duties to Serve and Responsible Next Steps for

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NCRC Statement on Updates to Common Securitization Platform

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in reaction to updates to the Common Securitization Platform released by the Federal Housing Finance Agency (FHFA), NCRC President and CEO John Taylor made the following statement: “The potential that the Common Securitization Platform (CSP) will be opened up in the future to entities other than government-sponsored enterprises — Fannie Mae

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NCRC Reacts to Final Affordable Housing Goals Issued by Federal Housing Finance Agency

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to the Federal Housing Finance Agency’s (FHFA) release of its final affordable housing goal rule for Fannie Mae and Freddie Mac for 2015-2017, National Community Reinvestment Coalition (NCRC) President and CEO John Taylor made the following statement: “The affordable housing goal rule announced by FHFA today falls short of

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NCRC Statement on FHFA Effort to Expand Credit Access

By / / Press Releases / 2 minutes of reading

Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s announcement that FHFA has revised and clarified the Representation and Warranty framework, and will be developing new guidelines for mortgages with loan-to-value ratios between 95 and 97 percent, NCRC President and CEO John Taylor made the following statement: “We applaud

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