FHFA removed reference to DEI on the GSE scorecard. Are SPCPs next on the chopping block?

Regulators and lenders will have to figure out how to comply with non-discrimination laws without resorting to the use of DEI.

The National Community Reinvestment Coalition urged the GSEs to provide more analysis and demographic data.

Fannie and Freddie boast about their downpayment assistance and consumer education programs, key initiatives to help first-time homebuyers in a high-interest-rate, low-supply market.

A new rule from FHFA has enshrined fair lending requirements of the GSEs, including the treatment of their equitable housing finance plans.

Freddie’s head of single-family acquisitions said programs, such as DPA One, BorrowSmart and HeritageOne, have helped the GSE lower closing costs and expand access to mortgage credit.

The Urban Institute, with funding from the National Fair Housing Alliance, has developed resources lenders can use to launch special purpose credit programs.

The National Association of Hispanic Real Estate Professionals called for more public policy to support Hispanic lending, including through special purpose credit programs.

Fannie Mae’s announcement of an update to its HomeReady program drew applause from the crowd at the MBA’s independent mortgage bankers conference this week.

Fannie hopes Spanish-language credit education and targeted downpayment assistance will help it put the still-growing cohort of Latino consumers into their first home.