Key insight: A retooled version of housing legislation passed the lower chamber by a wide bipartisan margin, including with active support from many Democrats for community bank measures. What’s at stake: As the bill goes back to the Senate, institutional investor and community bank measures are still in play. Forward look: The Senate can choose […]
House passes their version of housing legislation, 396 to 13 Read More »
Key insight: The full House is expected to vote tomorrow on updated housing bill text that softens a ban on institutional investors owning some homes, removing a requirement that build-to-rent investors sell those properties within seven years. What’s at stake: The House version also includes community bank provisions that would ease rules around brokered and
House will vote Wednesday on newest version of housing bill Read More »
Key insight: Large institutional investors would still be able to buy single-family homes under a House-drafted housing bill that dropped a ban that had been included in the Senate version of the bill. What’s at stake: Lawmakers argued that restricting big-money investors would inadvertently stifle new home building and construction. Forward look: Bankers remain wary
House reworks institutional investor ban in housing bill Read More »
As North Carolina House Democrats take another swing at sweeping housing reform, a Democratic senator is seeking to streamline environmental reviews to accelerate construction. Sen. Woodson Bradley filed the “Let Them Build Act” on Thursday afternoon, days after House colleagues filed a bill titled “Relieving Housing Bottlenecks” to address the state’s affordable housing crisis. For
North Carolina Let Them Build Act targets environmental reviews Read More »
Key insight: Republicans and Democrats alike touted the ability of credit risk transfers to spread risk around the financial system during a hearing Wednesday, with lawmakers especially supporting the tool’s utility in housing finance and for Fannie Mae and Freddie Mac. Forward look: No specific legislation was under consideration during the hearing, but lawmakers’ discussions
Credit risk transfers earn bipartisan praise Read More »
Key insight: The Senate’s manager’s amendment, which added FHA multifamily loan limit reductions and an institutional investor cap on single-family homes, cost the legislation support from the Mortgage Bankers Association. What’s at stake: Community bank regulatory provisions championed by House Financial Services Committee Chairman French Hill were stripped from the Senate version, making it unlikely
Banks sour on Senate housing bill, but may not stop passage Read More »
Key insight: The White House issued an executive order directing the Consumer Financial Protection Bureau and bank regulators to tailor mortgage rules for community banks. What’s at stake: The move is part of a broader Republican strategy to shore up its credibility around housing affordability ahead of the 2026 midterms, and comes as a bipartisan
White House order to increase small bank mortgage lending Read More »
Key insight: The Senate passed housing legislation by a wide bipartisan margin, but the House is less likely to do so. What’s at stake: The Mortgage Bankers Association has complained that a “drafting error” in a section of the bill prohibiting investment companies from buying single-family homes would reduce the construction of multifamily housing. Forward
Housing bill passes Senate, but window of opportunity narrows Read More »
Key insight: The White House has indicated its support for the compromise legislative language now moving forward in the Senate. The House passed its own housing bill last month, which included a number of community bank-related riders. What’s at stake: Legislative language related to brokered and custodial deposits, as well as other policy reforms aimed
Housing bill moves forward with institutional housing ban Read More »
Key insight: The core of both the Senate and House versions of the legislation aim to increase the supply of housing, but a slew of bipartisan riders in the House version have been opposed by some Democrats in the upper chamber. What’s at stake: The House version has a number of bank-favored riders, like brokered
Senate tees up housing bill, but what’s in it is unclear Read More »