Notwithstanding this prohibition, ECOA and Regulation B permit creditors to create “special purpose credit programs” in order to extend credit to applicants who meet certain eligibility ...

Federal Housing Finance Agency (FHFA) Director Bill Pulte on March 25 directed Fannie Mae and Freddie Mac to terminate Special Purpose Credit Programs, or SPCPs, that they support. Fannie Mae’s and ...

More barriers are going up for people trying to buy a home. Nonpermanent residents will no longer be eligible for government-backed loans, according to one of several new directives from the White ...

A series of abrupt policy changes at the Federal Housing Finance Agency threaten to make banks and nonbank mortgage companies ...

Katahdin trust is pleased to participate in the down payment assistance programs to offer community members an important tool ...

On March 25, it was reported on social media that FHFA Director William Pulte signed an order terminating the Special Purpose Credit Programs ...

In an order dated March 25, the Federal Housing Finance Agency directs Fannie Mae and Freddie Mac to terminate all purchases of residential mortgages made under special purpose credit programs. The ...

Bill Pulte, who was confirmed as FHFA director earlier this month, signed a directive Tuesday to terminate special purpose credit programs supported by the two government-sponsored enterprises ...

The commission cites the 2024 Covenant Homeownership Program Study as empirically justifying its "race-conscious" special purpose credit program, but it's unlikely to pass strict scrutiny.

Bill Pulte, who was confirmed as FHFA director earlier this month, signed a directive Tuesday to terminate special purpose credit programs supported by the two government-sponsored enterprises, ...