Financial Reform Conference Committee Scheduled to Begin June 10, Important Issues at Stake for HFAs

June 10, 2010

On June 9, House Speaker Nancy Pelosi (D-CA) appointed several Democratic House members to the conference committee on the financial reform bill,

OMB Asks Federal Agencies for 5 Percent Budget Cuts in FY 2012

June 09, 2010

On June 8, Peter Orszag, Director of the Office of Management and Budget (OMB), issued a

Senate Leaders Introduce New Extenders Bill with House-Passed NCSHA Priorities Intact

June 08, 2010

On June 8, Senate Majority Leader Harry Reid (D-NV) and Finance Committee Chairman Max Baucus (D-MT) unveiled

FHFA Proposes Housing Goals for Federal Home Loan Banks

June 03, 2010

On May 27, the Federal Housing Finance Agency (FHFA) announced that it had submitted to the Federal Register for publication a

IRS Publishes US and Area Median Income Figures

June 03, 2010

On June 1, the Internal Revenue Service (IRS) released its revenue procedure containing the United States and area median gross income figures for Housing Bond and Mortgage Credit Certificate issuers to use in their programs, including to determine the housing cost/income ratio, which may allow for a higher median family income limit in some high-cost areas.

FHFA Publishes Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets

June 02, 2010

On June 1, the Federal Housing Finance Agency (FHFA) issued a press release announcing it had sent to the Federal Register a proposed rule implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac (the GSEs) to serve very low-, low- and moderate-income families in manufactured housing, affordable housing preservation, and rural markets.

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