Affordable housing

Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey.

The National Credit Union Administration is hosting an event on equality and inclusion, which will include industry leaders discussing best practices for embracing these ideals.

The National Credit Union Administration board is expected to tackle a rule on nonmember shares this week while the House Financial Services Committee will examine Facebook's effect on financial services.

The Federal Housing Administration chief has already been serving as the acting deputy secretary of the Department of Housing and Urban Development.

A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.

The proposed reforms of Fannie Mae and Freddie Mac have gotten all the attention, but the administration also wants to scale back the Federal Housing Administration, expand its capital cushion and adopt risk-based pricing. Some of the ideas have former agency officials concerned.

With the ongoing issue of the affordable housing crisis, the Mortgage Bankers Association – which many credit unions are members of – got behind the Build More Housing Near Transit Act, a bipartisan bill introduced in the House of Representatives.

The Federal Housing Finance Agency is revising the multifamily loan purchase caps for the mortgage giants Fannie Mae and Freddie Mac to increase affordable housing.

The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.

The Trump administration raised the goal posts for ending the conservatorships of Fannie Mae and Freddie Mac, but how officials get there is still highly uncertain.

With its proposal to restrict disparate-impact claims, the Trump administration seems determined to solve a problem that does not exist.

The industry has taken some steps to lower barriers to affordable housing, but some observers say that more can be done.

The Trump administration is not backing down even after a federal court blocked guidance that would have limited the operations of national housing funds.

With officials putting finishing touches on presidentially directed reports on the future of the housing finance system, the Senate Banking Committee announced a hearing to examine the issue.

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.

The head of the Senate Banking Committee invited the housing secretary to Idaho to discuss low-income housing shortages.

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which Steven Mnuchin ran before he became Treasury secretary.

The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

Many oppose a metric-based approach, but there are ways it could actually work.

The central bank has a long history of fighting reforms to the Community Reinvestment Act, until now.