On Tuesday, HUD and the CFPB opened the door to special-purpose mortgage finance. Now, we expect FHFA to use this safe harbor to mandate express GSE equitable-finance programs and for banks to take much of what’s left in all their commitments after George Floyd’s murder and turn it into mortgage and other community-finance products.
The full report is available to subscription clients. To find out how you can sign up for the service, click here.