Federal Home Loan Bank Of New York 2021 Community Lending And Affordable Housing Plans
News provided by
Share this article
Share this article
NEW YORK, Dec. 21, 2020 /PRNewswire/ The Federal Home Loan Bank of New York ( FHLBNY ) is pleased to announce the publication of its 2021 Targeted Community Lending Plan and the Affordable Housing Program Implementation Plan. These two documents describe important improvements to the core Community Investment programs offered through the FHLBNY s members for the year 2021, and both are now available on the FHLBNY s website at www.fhlbny.com/community. Our Community Investment programs allow the FHLBNY to act on our housing mission and provide support to our members and housing partners as they meet the needs of the communities we all serve, said José R. González, president and CEO of the FHLBNY. The enhancements we have made to these programs for 2021 reflect feedback from these members and housing partners, and better positio
To embed, copy and paste the code into your website or blog:
On November 3, 2020, California voters approved Prop 19, which will make several changes to the state’s property tax laws. Among these changes are new restrictions on the applicability of the parent–child/grandparent–grandchild exclusion from property tax reassessment upon certain transfers. These changes to the exclusion will be effective for transfers occurring on or after February 16, 2021.
Until these changes take effect, current law provides that certain transfers of real property, such as a principal residence or vacation home, between parents and children (or from grandparents to grandchildren if the intervening parent is then deceased) may qualify for an exclusion from property tax reassessment. This exclusion is essentially unrestricted for the transfer of a principal residence. For the transfer of a nonprincipal residence, this exclusion is restricted to $1 million per individual (or $2 million per couple)
Seriously delinquent mortgages remain elevated, OCC says nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
This Investor Argues Fannie Mae Common Shares Are Worth $40
The Supreme Court takes up the case of Fannie Mae and Freddie Mac this week, and their common shares rallied after opening statements. One investor tells ValueWalk he believes Fannie Mae and Freddie Mac common shares would be worth $40 if all the stars align for shareholders.
However, Tim Pagliara of CapWealth Advisors, who also owns shares of the GSEs, says not so fast. He says there’s definitely upside to the shares, but things might not happen as quickly as some investors are expecting. There are a lot of factors that will influence the value of the common shares.
President-elect Joe Bidenâs team has tapped a mix of progressives and centrist policy experts, including Indian Americans Rohit Chopra and Bharat Ramamurti, to work on a transition plan for financial industry oversight.
Reuters reported how Bidenâs staff could form some of the key financial regulators, citing nearly two dozen lobbyists, officials and policy experts in Democratic circles.
The Consumer Financial Protection Bureau director is a critical role for progressives such as Senator Elizabeth Warren who believe the agency can help tackle wealth inequality and racial injustice, Reuters said.
A June Supreme Court ruling handed Biden the power to fire Republican President Donald Trumpâs CFPB director, Kathy Kraninger, and many policy experts expect him to quickly replace her after he takes office on Jan. 20, it said.