Chase Home Lending this week announced plans to increase its affordable lending efforts by 25 percent over the course of the next five years. This translates to a $50 billion affordable lending commitment between now and 2023 using homebuyer grants and other incentives.
Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now…
MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.