Calabria Not FHFA, Biden Extends Mortgage Benefit And Other Top News Of The Week



Jesse Van Tol, CEO of the National Community Reinvestment Coalition, called on the next FHFA director to “immediately rethink a number of recent policies that undermine the GSE’s role in the market, mortgage rates and mortgage products, including the December rule around their capital requirements and program and product limitations included in the January amendments to the Preferred Share Purchase Agreements between FHFA and the Treasury. “

Immediately after Thompson’s appointment, the executive director of the Community Housing Lenders Association, Scott Olson, sent her and Treasury Secretary Janet Yellin a letter urging them to suspend the January amendments. CHLA, which is composed primarily of small and medium-sized non-bank mortgage lenders, previously interviewed several steps taken by the agency, claiming that they were a consequence of the January changes in the PSPA.

“The administration has made the pursuit of racial equality in home ownership central to its housing policy,” Olson wrote. “The PSPA volume limits are completely contrary to this policy.”

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