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News from 2020

FHFA To Disburse GSE Allocations to Housing Trust Fund

“In early 2019, the National Housing Conference (NHC) along with its coalition members submitted a letter to then-FHFA Acting Director Joseph Otting on Monday, urging the Federal Housing Finance Agency (FHFA) to continue allocations to the Capital Magnet Fund (CMF) and the National Housing Trust Fund (HTF) in 2019 and beyond.”

Regulators Extend Comment Period for CRA Changes

“It’s in the best interest of regulators to not rush modernizing CRA. It’s more important to get it right. NHC has dozens of our members working on a detailed response, along with a team from Nixon Peabody and Georgetown Law School. If the OCC and FDIC really want to improve CRA without gutting it, they need to take this comment period and the resulting feedback very seriously. Extending the comment period is an important first step.” -David M. Dworkin

Will regulators ever find common ground on CRA reform?

“It’s a once-in-a-generation opportunity. If modernization is done without broad support across the political spectrum, it’s just another swing of the pendulum that will cost banks hundreds of millions to retool the compliance system, and hundreds of millions more when the pendulum swings back and they have to retool again — all for what could be a much more problematic CRA regime in the first place.” – David M. Dworkin

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