Notwithstanding this prohibition, ECOA and Regulation B permit creditors to create “special purpose credit programs” in order to extend credit to applicants who meet certain eligibility ...

Federal Housing Finance Agency (FHFA) Director Bill Pulte on March 25 directed Fannie Mae and Freddie Mac to terminate Special Purpose Credit Programs, or SPCPs, that they support. Fannie Mae’s and ...

More barriers are going up for people trying to buy a home. Nonpermanent residents will no longer be eligible for government-backed loans, according to one of several new directives from the White ...

2025 terminating special purpose credit programs (SPCPs) supported by the government sponsored enterprises, Fannie Mae and Freddie Mac (together, the GSEs). This directive, effective immediately ...

HOULTON, MAINE — Katahdin Trust, a local community bank that serves northern Maine and the greater Bangor and Portland regions, has been approved to ...

Trump administration’s termination of special purpose credit programs will also impact Hispanic borrowers, NAHREP leader says “And the reason I say that is because Republicans have ...

Bill Pulte, who was confirmed as FHFA director earlier this month, signed a directive Tuesday to terminate special purpose credit programs supported by the two government-sponsored enterprises ...

In an order dated March 25, the Federal Housing Finance Agency directs Fannie Mae and Freddie Mac to terminate all purchases of residential mortgages made under special purpose credit programs. The ...

PITTSFIELD — Greylock Federal Credit Union has been approved to participate in the Lift Up Homeownership program, a special purpose credit program offered by Federal Home Loan Bank of Boston to ...

The commission cites the 2024 Covenant Homeownership Program Study as empirically justifying its "race-conscious" special purpose credit program, but it's unlikely to pass strict scrutiny.