Maxine Waters, Chairwoman of the House Committee on Financial Services, said previously the rule would give funding to institutions that were active in Opportunity Zones without ensuring they benefited the communities.
Read More »Mortgage Delinquencies Hit Four-year High
More properties became newly delinquent in April than in any single month during the Great Recession
Read More »‘Storm Clouds’ Gathering Over the Housing Market
A new study reveals the counties that are at most risk for foreclosure due to the impact of COVID-19.
Read More »Non-compliant Properties Claim $1.4 Billion in Flood Damages
Despite a requirement for homes in certain flood-prone areas, FEMA receives tens of millions in claims annually.
Read More »FHA, FHFA Announce Extended Assistance for Homeowners
The Federal Housing Finance Agency (FHFA) announced that the GSEs—Fannie Mae and Freddie Mac—will extend several loan origination flexibilities until August 31. These flexibilities were set to expire on July 31, 2020. Extended flexibilities include: Alternative appraisals on purchase and ...
Read More »Pandemic Policies and African American, Hispanic Borrowers
Research found minority households are more likely to lose income and face housing insecurity due to the pandemic.
Read More »Future of GSEs’ Credit Risk Transfer Program Uncertain
Having remained apolitical since its inception, the Credit Risk Transfer program may now succumb to political pressure, according to a former Freddie Mac executive.
Read More »Mortgage Delinquencies Rise 20% in May
New data suggests loan delinquencies could improve just as half of forbearance plans expire, requiring review from servicers.
Read More »Study: Fewer Loans to Be Assessed Under Revised CRA Rule
Legislation has already been introduced to reverse the new CRA rule created by the OCC as researchers express their own concerns with the rule.
Read More »‘Disproportionately Affected’: The Economic Impacts of COVID-19
A new report reveals which types of households face a greater incidence of pandemic-induced income loss.
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