Page 7 - David Dworkin News Today

If a reduction was critical at a time when interest rates were at record lows, it has become more imperative as affordability wanes, the Community Mortgage Lenders Association argues.

The plans establish a flexible framework for the GSEs to address barriers to sustainable housing and close the racial homeownership gap. The 2022 to 2024 plans will be updated annually, FHFA said, and will pay special attention to barriers to homeownership in Black and Latino communities.

The Biden Administration plans to provide funds for programs like affordable housing and apprenticeships for skilled construction workers to help the affordability crisis and low-inventory market.

The White House has released a new plan aimed to increase the housing supply in the United States. ...

Smart Cities

Banks could receive many more failing grades from regulators under a proposed overhaul of the Community Reinvestment Act (CRA).

Key divisions remain on the explicit inclusion of race and the strength of CRA exams, but both sides are pleased with the promise of increased clarity and transparency.

President Joe Biden says he plans to nominate Michael Barr to be the Federal Reserves vice chairman of supervision

Barr's selection comes after Biden’s first choice for the Fed post, Sarah Bloom Raskin, withdrew her nomination a month ago.

The selection of the dean of the University of Michigan's public policy school comes after the president's first choice, Sarah Bloom Raskin, withdrew her nomination in the face of opposition from Republicans and one Democrat.