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 and more banks have been creating special purpose credit programs to help “economically disadvantaged” individuals gain ...

2025 terminating special purpose credit programs (SPCPs) supported by the government sponsored enterprises, Fannie Mae and Freddie Mac (together, the GSEs). This directive, effective immediately ...

More barriers are going up for people trying to buy a home. Nonpermanent residents will no longer be eligible for ...

EASTHAMPTON — Hometown Mortgage, a division of bankESB, recently announced that four homeownership assistance programs will soon be available to lower-income homebuyers across Massachusetts and ...

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.