NCRC Statement On FHFA Credit Score Model Changes
Millions of families who have been invisible to the mortgage industry will gain access to the generational wealth-building opportunity of homeownership.
FHFA
NCRC STATEMENT: Partial Foreclosure Moratorium Welcome News But Insufficient To Scope Of Crisis
Governments Should Expand And Better Implement Homeowner Assistance Fund
NCRC Supports Nomination of Sandra Thompson as FHFA Director
As acting-director of the FHFA, Thompson has already taken important steps to renew commitment to the affordable housing mission of the GSEs, including a new goal-focused exclusively on communities of color.Â
NCRC applauds FHFA’s proposed expansion of affordable housing goals, and a new goal specific for minority communities
Today, the Federal Housing Finance Agency (FHFA) proposed 2022-2024 single-family and multifamily housing goals for the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac. In addition to proposing higher annual benchmarks in some categories, the agency proposes new single-family subgoals focused on communities of color and that respond to concerns about displacement in low-income communities.
NCRC applauds HUD, FHFA plan to strengthen enforcement of the Fair Housing Act, and inclusion of rental payment data for mortgage risk assessments at Fannie Mae
This is a bold and promising move to align and combine forces at agencies that should work together to end housing and lending discrimination and, importantly, to ensure their policies expand access to affordable homeownership for more borrowers and communities of color.
Bold leadership is needed at FHFA to address access to credit, affordable housing crisis
This is a pivotal moment for Fannie Mae and Freddie Mac, for the mission in their charters, and the role they can and must play in facilitating access to affordable housing and affordable mortgage credit for low- and moderate-income (LMI) households, for families and communities of color and rural communities.
FHFA Announces New Refinance Options for Low-Income Families on GSE-backed mortgages
The Federal Housing Finance Agency (FHFA) yesterday approved new refinance options for low-income borrowers, allowing Fannie Mae and Freddie Mac (government sponsored enterprises, or GSEs) to offer new loan products that will bring lower interest rates and lower monthly payments within reach for more lower-income households.
NCRC statement on FHFA final rule for Enterprise (GSEs) Regulatory Capital Framework
On Wednesday, the Federal Housing Finance Agency (FHFA) released a final Capital rule for the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The rule requires the GSEs to maintain tier 1 capital in excess of 4%.
19 community organizations urge FHFA to release data and analysis for proposed capital rule on the GSEs
This week, 19 national community organizations called on the Federal Housing Finance Agency (FHFA) to provide more clarity and transparency around the impacts of the agency’s proposed capital requirements for Fannie Mae and Freddie Mac (the Enterprises) before the end of a public comment period on August 31st.
FHFA Re-Proposed Capital Rule for the Enterprises Sign-on Letter
August 10, 2020 The Honorable Mark Calabria Director Federal Housing Finance Agency 400 7th Street, SW Washington, D.C. 20219 Hugh Frater CEO Fannie Mae Midtown Center 1100 15th Street, NW Washington, DC 20005 David Brickman CEO Freddie Mac 1551 Park Run Drive Mclean, VA 22102 Dear Director Calabria, Executives Frater and Brickman: We are writing …
FHFA Re-Proposed Capital Rule for the Enterprises Sign-on Letter Read More »
FHFA proposes new regulatory capital framework for GSEs
Today, the Federal Housing Finance Agency (FHFA) published a proposed rulemaking that creates a new regulatory capital framework for Fannie Mae and Freddie Mac, known together as the government-sponsored enterprises (GSEs).
CFPB, FHFA Establish New Borrower Protection Program to Respond to COVID-19 Pandemic
This month, the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) announced the new Borrower Protection Program that streamlines consumer protection oversight of mortgage servicers through new data and information sharing between the program sponsors as they respond to the coronavirus pandemic.
NCRC Applauds Congress and Trump Administration Efforts to Keep People in Their Homes, But More Needs to Be Done
“Today, we saw Congress and President Trump take important steps to protect Americans against both health and economic repercussions of COVID-19….this is a great first step, but there will need to be others,” said Jesse Van Tol, CEO of NCRC.
Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less
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.
NCRC looks forward to working with the new FHFA Director on affordable housing
Yesterday, the U.S. Senate confirmed Mark Calabria as the new director of the Federal Housing Finance Agency (FHFA). Jesse Van Tol, CEO of the National Community Reinvestment Coalition (www.ncrc.org), made the following statement: “I want to congratulate Mark Calabria on his confirmation. We have worked with him over the years. “There have been numerous announcements …
NCRC looks forward to working with the new FHFA Director on affordable housing Read More »