With Congress deadlocked on multiple high-profile issues, including raising the “debt ceiling,” it’s unlikely that any legislation that could help close the homeownership gap for Black Americans will ...
In a significant policy shift under the Trump administration, the new Federal Housing Finance Agency (FHFA) Director Bill Pulte issued an order on March 25, 2025 terminating special purpose credit ...
Last week’s announcement from the Department of Housing and Urban Development cleared the way for lenders to adopt targeted lending programs, but so far, they are treading carefully. The pronouncement ...
When Tierra Sims decided last year that it was time to move out of her parents’ home in Fishers, she was open to either renting an apartment or buying a home. Today, she’s a brand-new homeowner—she ...
The Mortgage Bankers Association (MBA) and National Fair Housing Alliance (NFHA) announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs. SPCPs ...
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 banks have been offering special purpose credit programs (SPCP) to help homebuyers cover down payments and closing costs. TD Bank launched an SPCP in March called the TD Home Access Mortgage that ...
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