While multifamily lending is smaller than single-family lending, it has an outsize effect in meeting the needs of low- and moderate-income communities.
The National Foreclosure Mitigation Counseling program helped 2.14 million homeowners after the crisis of 2008.
The 1977 Community Reinvestment Act seeks to encourage banks to meet their communities’ credit needs.
The housing finance industry is activating plans developed to respond to the 2008 housing crisis and natural disasters.
Some rules create a cumbersome loss mitigation process for borrowers and increase costs for servicers.
Self-employed households still earn more than salaried households, but they've been slower to recover from the 2008 crisis.
As the regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks, the FHFA has an enormous hand in who in this country can get a mortgage and on what terms.