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GSEs

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.

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 Read More »

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.

Bold leadership is needed at FHFA to address access to credit, affordable housing crisis Read More »

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.

FHFA Announces New Refinance Options for Low-Income Families on GSE-backed mortgages Read More »

The Scale of the Nation’s Affordable Housing Challenge Requires Enterprises Ready to Meet It

Even with a conservatorship that has constrained many of the key functions of these institutions, Fannie Mae and Freddie Mac remain vital participants in the nation’s affordable housing ecosystem. Going forward, it is critical that they not be hamstrung by excessive capital requirements that will make mortgage credit more unaffordable for low- and moderate-income and minority borrowers and communities, and undermine the ability of the government-sponsored enterprises (GSEs) to help meet the scale of the affordable housing challenges facing the nation.

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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.

Community groups call on Trump administration to make homeownership more accessible and affordable for LMI and minority families, not less Read More »

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

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NCRC Applauds FHFA Director Watt’s Call for GSEs to Retain Their Profits

Washington, DC – Today, in response to Federal Housing Finance Agency (FHFA) Director Mel Watt’s testimony before Congress warning of a possible bailout of the government-sponsored enterprises (GSEs) from the U.S. Department of Treasury and supporting retention of the GSEs’ profits rather than turning them over to the U.S. Treasury, the National Community Reinvestment Coalition’s

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Community Groups Call for Recapitalization of GSEs and End to Dividend Payments to U.S. Treasury

Washington, DC – Today, NCRC together with other consumer groups, homebuilders and small lenders sent a letter to Mel Watt, Director of the Federal Housing Finance Agency, expressing concern that the capital buffers of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will soon be depleted as a result of the Preferred Stock Purchase

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National Groups Call on Senate Majority Leader Reid to Hold off Floor Vote on Johnson-Crapo

Washington, D.C. – Today, the National Community Reinvestment Coalition (NCRC) and other leading national organizations sent a letter to Senate Majority Leader Harry Reid calling on him not to give the current Johnson-Crapo housing finance reform legislation a floor vote in the Senate. The letter outlines the groups’ concerns with the bill and warns of the

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NCRC Statement on Johnson-Crapo Housing Finance Reform Committee Vote

Washington, D.C. – Today, in response to the U.S. Senate Banking Committee’s vote on the Johnson-Crapo housing finance reform legislation, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor made the following statement: “The deeply divided committee vote is a clear signal that this bill is dead in the water, and with good reason.

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NCRC Statement on FHFA Director Mel Watt’s Remarks at the Brookings Institution

Washington, D.C. – Today, in response to Federal Housing Finance Agency Director Mel Watt’s speech revealing his plans for the future of Fannie Mae and Freddie Mac, including clarifying the rules that require banks to buy back faulty home loans and the entities’ underwriting requirements, the National Community Reinvestment Coalition’s (NCRC) President and CEO John Taylor

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Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream

  Please join us for an important conversation about the future of the government-sponsored enterprises and housing finance reform on Friday, January 31 at 8:30 a.m. “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream” will tackle two critical questions in the reform debate: Can we afford

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NCRC Statement on President Obama’s Arizona Housing Address

Washington, DC – Today, in reaction to President Obama’s speech on housing in Arizona, NCRC President and CEO John Taylor made the following statement: “We applaud the President for stressing the importance of access to homeownership, affordable rental housing, and responsible lending. But we are very concerned that the President didn’t address what is missing from

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