Report: FHLBanks’ support for affordable housing grew 67 percent in 2023
The 11 Federal Home Loan Banks approved approximately $446.9 million in total affordable housing program funds in 2023, representing a ...
Tag: Housing Finance
CDFI Fund guarantees $498M in bond funding for projects in low-income communities
The CDFI Fund announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the ...
HUD to propose longer timeline for reporting cybersecurity incidents
The U.S. Department of Housing and Urban Development released a draft mortgagee letter that proposes extending from 12 to 36 ...
FHFA reproposes changes to Suspended Counterparty Program
FHFA announced it has revised a proposal to amend the Suspended Counterparty Program regulation and will repropose the rule, kicking ...
Report: GSE foreclosure prevention actions decrease in Q2 2024
According to the FHFA report, Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the quarter.
CDFI Fund seeks public input on Capital Magnet Fund application
The CDFI Fund is seeking public comment on the application for the Capital Magnet Fund, which makes financial assistance grants ...
ABA, associations seek fixes in implementation of face-to-face requirement for borrowers in default
FHA’s proposed implementation of a new rule removing the face-to-face meeting requirement for certain mortgagees could actually increase the complexity ...
ABA: Mortgage servicing proposal exceeds CFPB’s regulatory authority
The CFPB's proposed rule to amend Regulation X’s mortgage servicing provisions would exceed the bureau's rulemaking authority, ABA said.
FHFA releases online dashboard to assess disaster risk for housing markets
FHFA released an online risk analysis tool that provides geographic estimates for physical risks from various types of natural disasters ...
FHLBs: Treasury Department’s affordable housing proposal not sustainable
A request by Treasury Department officials to have the Federal Home Loan Banks voluntarily raise the percentage of net income ...
