Affordable housing
- Banking
NCUA swaps out spots on NeighborWorks America board
Rodney Hood, a board member at the National Credit Union Administration and a former chairman of the agency, has been…
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Fannie, Freddie double their funding for affordable housing projects
WASHINGTON — After loans backed by Fannie Mae and Freddie Mac skyrocketed last year due to heightened refinancing activity, the…
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Bank of America adds $10 billion to affordable housing plan
Bank of America pledged to add $10 billion to an affordable homeownership program through 2025, tripling its initial commitment. The…
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Biden administration likely to cut FHA premiums despite credit risks
WASHINGTON — A little more than a week into President Biden’s term, mortgage industry experts and investors are already pricing…
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New Senate Banking chief sets dramatic change of course
WASHINGTON — Sen. Sherrod Brown, D-Ohio, made clear Tuesday that banking policy will not be the sole area of focus…
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Citi looks beyond checks to make good on promise to Black banks
The largest U.S. lenders have spent years overlooking Black-owned banks. Now, as the smaller firms face extinction, Citigroup is hoping…
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Biden’s pick to lead HUD is Ohio Congresswoman Marcia Fudge
President-elect Joe Biden has selected Ohio Representative Marcia Fudge to lead the Department of Housing and Urban Development, according to…
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Reducing mortgage defaults starts with beefing up housing supply
The coronavirus pandemic has revealed a distressing fact in the housing world: Federal home-loan policies that promote “responsible, affordable mortgage…
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