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Press Releases from 2021

Statement of David M. Dworkin, President and CEO, National Housing Conference, on the confirmation of Alanna McCargo as Ginnie Mae President

I commend the Senate for the confirmation of Alanna McCargo as President of Ginnie Mae. In her new role, Ms. McCargo will have the opportunity to ensure that Ginnie Mae policy aligns with the Biden administration’s goals of reducing housing costs and expanding access to homeownership for historically underserved groups. Ms. McCargo has the expertise necessary to get Ginnie Mae back on track after five years without a permanent head.

Statement of David M. Dworkin, President and CEO, National Housing Conference, on the nomination of Sandra Thompson for FHFA Director

President Biden’s nomination of Sandra Thompson to serve as Director of the Federal Housing Finance Agency (FHFA) is the right choice for one of the most important jobs in housing. Since her appointment as FHFA Acting Director in June, Ms. Thompson has repeatedly demonstrated her commitment to an equitable housing finance system. Her extensive experience at the Federal Deposit Insurance Corporation makes her particularly well qualified to oversee the safety and soundness of the housing industry through the Government Sponsored Enterprises.

NHC reiterates commitment to racial equity in comments to OCC on CRA modernization

“CRA was passed in direct, explicit response to redlining, a practice that targeted people of color regardless of income or credit risk to deny them the same wealth-building opportunities afforded to White Americans,” said NHC President and CEO David M. Dworkin. “NHC has always maintained that in order to be faithful to that original purpose, a modernized CRA regulation must incent financial institutions to lend not only in low- and moderate-income communities, but in communities of color specifically.”

NHC releases Paycheck to Paycheck Fall 2021 Quarterly Update

A new study finds that workers attracted to jobs created by bipartisan infrastructure legislation would struggle to afford housing across much of the country. The National Housing Conference (NHC) today released its Paycheck to Paycheck Fall 2021 Quarterly Update profiling 15 infrastructure-related occupations that would be in demand if the proposed Infrastructure Investment and Jobs Act is passed. NHC found that homeownership already is unaffordable in a majority of metropolitan areas for all but one of the occupations it profiled. The study also found that many infrastructure workers would struggle even to afford to rent housing across much of the country.

Statement by NHC President and CEO David M. Dworkin on the introduction of down payment assistance legislation in the Senate

The creation of a federal down payment assistance program for first-generation homebuyers would extend the American dream of homeownership to millions of families who have been excluded from it for too long. Families who lack the advantages of intergenerational homeownership have a harder time affording homes of their own, shutting them out of the opportunity to build wealth through homeownership and perpetuating a cycle of inequality. In concert with other proposals to expand housing opportunities, this bill will go a long way toward ensuring that American families are not locked out of wealth-building due to the circumstances of their birth. It should be funded at the highest possible level.

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.

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