Newsroom
Office of the Comptroller of the Currency to Consider Modifications to Community Reinvestment Act Regulations
On February 2, the Office of the Comptroller of the Currency (OCC) announced that within the next 30 days it will publish for public comment an advance notice of proposed rule-making to modify and improve regulations related to the Community Reinvestment Act (CRA). Specifically, Comptroller of the Currency Joseph Otting said he would like to provide greater simplification and clarity, including clear benchmarks by which to measure the success of financial institutions in meeting their obligations under CRA. The Treasury Department last year also announced its intention to draft recommendations for improvements to CRA. The Treasury recommendations are likely to come out sometime early this year.
S&P Global Releases Report, Holds Webinar on Housing Sector, HFAs
Yesterday afternoon, S&P Global Ratings held a webinar to discuss the U.S. Municipal Housing Sector 2018 Outlook it distributed a few days earlier.
Draft Housing Finance Reform Proposal Leaks
Earlier this week, a draft housing finance reform proposal being developed by Senators Bob Corker (R-TN) and Mark Warner (D-VA) began circulating in Washington. Corker’s and Warner’s offices confirmed the leaked draft’s authenticity but stressed that it does not reflect recent changes they have made to the legislation.
HUD Seeking Nominations for Secretary’s Award for Healthy Homes
Through the Office of Lead Hazard Control and Healthy Homes (OLHCHH), and in partnership with the National Environmental Health Association (NEHA), HUD is now accepting nominations for the HUD Secretary’s Award for Healthy Homes.
