Browsing: Affordable housing

Newsbytes FHFA seeks to codify fair lending practices

The Federal Housing Finance Agency announced a proposed rule to codify many of the agency’s existing practices and programs regarding fair housing and fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

Mortgage Chopra questions home appraisal regulation regime

Consumer Financial Protection Bureau Director Rohit Chopra this week questioned the appropriateness of having an independent nonprofit set home appraisal standards across the country, suggesting regulators may want to take a closer look at the arrangement in the future.

Mortgage MMI Fund grew significantly in 2022

The overall capital ratio of the Mutual Mortgage Insurance Fund increased by three percentage points during the 2022 fiscal year to end at 11.11%, which is well above the statutory minimum of 2%, according to the Federal Housing Administration’s annual report to Congress released today.

Newsbytes ABA cautions against opening FHLB System to nonbank entities

Allowing newer, nonbank entities access to the Federal Home Loan Bank system would introduce significant risk, given that they do not have comparable capital requirements, regulation or oversight to existing FHLB members, the American Bankers Association said in recent comments to the Federal Housing Finance Agency.

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