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Friday, April 7, 2017

FDIC’s New Affordable Housing Guide Details FHLB Programs

The FDIC has released the third installment of its guide to affordable single-family home loan programs, which collects information about programs to expand access to affordable mortgage credit, including programs targeted in rural and low- and moderate-income communities and to Native Americans and veterans. The guide is designed to help bankers compare different programs and their Community Reinvestment implications and to identify practical steps to participate.

The latest installment of the guide provides an overview of programs currently offered by Federal Home Loan Banks to support single-family home purchases, such as down payment and closing cost assistance, and alternatives for selling mortgages on the secondary market. Previous installments of the guide cover federal and GSE programs, as well as those offered by state housing agencies.

Read more.

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