HUD: Secretary Turner Applauds President Trump for Cutting Red Tape, Restoring Housing Affordability, and Increasing Access to Home Loans
HUD Attacks Barriers to Building Homes and Mortgage Credit Secretary Scott Turner applauds President Trump’s Executive Orders (EO), “Removing Regulatory Barriers to Affordable Home Construction” and “Promoting Access to Mortgage Credit.” The first EO terminates burdensome regulations that stall housing construction, deplete supply, and increase housing costs for hardworking American families. The second reduces regulatory…
ABA: ABA Applauds Executive Order on Mortgage Lending
“We applaud today’s White House executive order to expand bank participation in mortgage lending and give more Americans the chance to own a home. The proposed regulatory changes would help remove some of the significant obstacles preventing many banks, especially community banks, from being able to fully participate in the mortgage market. ABA supports policy…
ICBA: ICBA Commends Trump Administration for Executive Order to Help Community Banks Promote Housing Affordability
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on President Donald Trump’s executive order directing regulatory reforms that will help community banks promote housing affordability. “ICBA and the nation’s community bankers commend the Trump administration for today’s executive order promoting access to mortgage credit. Directing federal regulators to…
HUD: Streamlined and Simplified Guidance Issued for Nonpayment of Rent in HUD-Subsidized Housing
Secretary Scott Turner announced streamlined and simplified guidance for nonpayment of rent in HUD-subsidized housing. This action eliminates a COVID-era standard, undoing burdensome and costly rules promulgated by the Biden administration that required public housing agencies (PHAs) and property owners receiving HUD funding to provide 30-day written notification for nonpayment of rent prior to eviction….
ICBA: ICBA Applauds House Passage of Housing for the 21st Century Act
The Independent Community Bankers of America (ICBA) applauded the House of Representatives for today’s bipartisan passage of the Housing for the 21st Century Act (H.R. 6644), which includes ICBA-advocated community bank regulatory reforms and promotes housing affordability. “ICBA and the nation’s community banks strongly support the Housing for the 21st Century Act for its numerous…
ABA: Foundation Releases New Ideas to Impact Report Showcasing Innovative Strategies to Strengthen Communities Nationwide
The ABA Foundation today unveiled Ideas to Impact: A Framework for Influencing Banking’s Next Century, a first-of-its-kind report capturing forward-looking ideas from bankers, community leaders and nonprofit partners on how financial institutions can drive meaningful economic and community impact in the decades ahead. Developed as part of the Foundation’s 100th anniversary celebration in 2025, the report…
HUD: Agency Orders Immediate Citizenship Verification for all Tenants in HUD-Funded Housing Nationwide
Following a Department of Housing and Urban Development (HUD) and Department of Homeland Security (DHS) audit into all tenants across HUD-funded housing nationwide, HUD discovered nearly 200,000 tenants requiring eligibility verification, nearly 25,000 deceased tenants, and nearly 6,000 ineligible non-American tenants. HUD announced that all Public Housing Authorities (PHAs) and owners participating in HUD-funded housing…
HUD: Financial Report Finds Billions in Potential Payment Errors During 2024
Housing and Urban Development (HUD) Secretary Scott Turner released HUD’s Fiscal Year 2025 (FY25) Agency Financial Report (AFR) to Congress, which detailed significant misuse of taxpayer funds under the Biden administration including potential payment errors totaling more than $5 billion. For the first time ever, HUD’s Office of the Chief Financial Officer (OCFO) used advanced…
FHFA: Final Rule Issued to Establish New Affordable Housing Goals for Fannie Mae and Freddie Mac
Fannie and Freddie Empowered to Support Middle-Class Homeownership Today U.S. Federal Housing issued a final rule that establishes new, better affordable housing goals for Fannie Mae and Freddie Mac. Thanks to this fix, Fannie and Freddie will continue to fully support mortgages for families from every walk of life. “For too long, Biden distorted the…
HUD: Agency Supports Homeownership and Housing Affordability for More Than One Million Americans
Includes 560,000 first-time American homebuyers Secretary Scott Turner announces the U.S. Department of Housing and Urban Development (HUD) provided a pathway for homeownership and supported housing affordability for more than one million Americans this year through the Federal Housing Administration (FHA) and the Government National Mortgage Association (Ginnie Mae). “President Trump’s bold leadership is empowering…