Remove Development Remove Insurance Remove Modernization Remove Presentation
article thumbnail

OCC moves to rescind 2020 version of CRA rule

Housing Wire

Instead, the agency is proposing to replace the federal anti-redlining rule with rules adopted jointly by the OCC, Federal Deposit Insurance Corporation , and the Board of Governors of the Federal Reserve System in 1995. The agency is soliciting public commentary, due by Oct.

article thumbnail

Bank regulators issue new Community Reinvestment Act rule

Housing Wire

The Office of the Comptroller of the Currency , the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977 Community Reinvestment Act (CRA), which addresses systemic inequalities in access to credit. Barrs, Fed vice chair for supervision, said in a statement.

Retail 306
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HousingWire Annual On-Demand 2022

Housing Wire

Speakers: Haley Parker, Area Business Development Manager, Fairway Independent Mortgage Corporation Arjun Dhingra, Sales and Business Development, All Western Mortgage Doug Wilber, CEO, Denim Social Chelsea Peitz, Founder, Chelsea Peitz Consulting. 06 Appraisal modernization: What’s the endgame? 00 HWA The Remix: Qualia.

Lending 353
article thumbnail

Alanna McCargo confirmed as Ginnie Mae president

Housing Wire

Ginnie Mae, which is part of the Department of Housing and Urban Development , oversees guarantees totaling around $2.1 Before McCargo joined the Department of Housing and Urban Development as a senior advisor for housing finance in January, she spent five years at the Urban Institute as vice president of its Housing Finance Policy Center.

article thumbnail

Biden’s $1.5 trillion budget calls for big investment in HUD

Housing Wire

trillion discretionary funding request includes a 15% budget increase for the Department of Housing and Urban Development (HUD) to combat homelessness, retrofit rental housing and increase the supply of affordable housing. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

Investing 516
article thumbnail

The fate of HUD

Housing Wire

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Insurance 328
article thumbnail

Another lender settles redlining accusations with DOJ

Housing Wire

The agreement with Lakeland announced today represents the Justice Department’s continued commitment to addressing modern-day redlining, and to ensuring that all Americans have equal opportunity to obtain credit, no matter their race or national origin.”. Presented by: FormFree. Attorney General Merrick Garland said in a statement.

Law 366