Mortgage

Supreme Court Sends Miami Fair Housing Case Back for Rehearing

While holding that cities may sue lenders under the Fair Housing Act, alleging reduced property tax revenues due to predatory lending, the Supreme Court today found that the lower court should have used a more stringent test to determine whether the city of Miami was entitled compensation for its losses.

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Rep. Barr Introduces Bill to Expand Mortgage Access

Rep. Andy Barr (R-Ky.) today introduced the ABA-advocated Portfolio Lending and Mortgage Access Act (H.R. 2226). The bill would expand access to mortgage credit by treating loans originated by a bank and held in portfolio as Qualified Mortgages—a key provision in ABA’s Blueprint for Growth.

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ABA, Trades Support Bills Targeting PACE Loans

More than two dozen financial and housing trade associations, including ABA, wrote to House and Senate lawmakers today expressing support for legislation to require more consumer disclosures for Property Assessed Clean Energy loans.

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Hensarling’s Choice Act Includes Key ABA Priorities

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.

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