Statement by NHC President and CEO David M. Dworkin: FHFA suspension of limits on so-called higher-risk loans essential for expanding homeownership
Today’s announcement by the Federal Housing Finance Agency and the U.S. Department of the Treasury that they have suspended limits on so-called “higher-risk loans” made by Fannie Mae and Freddie Mac is an essential step towards increasing opportunities for those who have been denied access to the American dream of homeownership. The so-called “limits on loans with higher-risk characteristics” were unnecessary when they were instituted and only served to prevent credit-worthy homebuyers, disproportionately people of color, from becoming homeowners.
Statement by NHC President and CEO David M. Dworkin on the appointments of Alanna McCargo as President of Ginnie Mae and Arthur Jemison as HUD Assistant Secretary for Public and Indian Housing
These appointments are good news for the housing industry and housing advocates across the board. Alanna McCargo is a major thought leader in the full range of home mortgage lending policy making. She has decades of experience working with a broad range of stakeholders including investors in government securities, mortgage loan servicers, and FHA financed homeowners. She has a deep understanding of the business imperatives and is committed to ensuring that these needs also meet the needs of the Federal Housing Administration’s diverse borrower base.
Statement of NHC President and CEO David M. Dworkin on Disparate Impact and Affirmatively Furthering Fair Housing regulations
HUD’s reinstatement of these critically important civil rights rules is an important first step to ensuring that federal, state and local governments are committed to fair housing and closing the significant and unacceptable racial wealth gap.
Statement by David M. Dworkin President and CEO National Housing Conference (NHC) on President Biden’s Intention to Nominate Adrianne Todman for Deputy Secretary of U.S. Department of Housing and Urban Development (HUD)
Adrianne Todman would bring a perfect combination of experience to one of the nation’s most important positions in housing. She understands the needs of HUD’s primary constituencies, who are the housing and redevelopment officials throughout the country navigating HUD’s programs and successfully maximizing the impact of its funding.
National housing, civil rights organizations urge congressional leaders to provide relief to struggling homeowners
Yesterday, a diverse coalition of more than 350 groups, including 64 national housing and civil rights organizations sent a letter to congressional leaders advocating for further relief for homeowners in the next COVID-19 stimulus package.