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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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CFPB: Manufactured housing borrowers have higher interest rates

Roughly 42 percent of loans for manufactured homes are secured by “chattel” loans secured by the home but not the land, according to a report from CFPB.
May 28, 2021 | ICBA NewsWatch Today   Compliance 

Remove GSE product restrictions: ICBA, minority bank council

ICBA and its Minority Bank Advisory Council this week urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac.
May 28, 2021 | ICBA NewsWatch Today   MDI Housing Finance/GSEs 

ICBA, Minority Bank Council: Housing Finance Amendments Hurt Low-Income, Minority Borrowers

ICBA and its Minority Bank Advisory Council urged the Treasury Department and Federal Housing Finance Agency to reopen negotiations over amendments to the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac that would limit purchases of certain types of loans.
May 27, 2021 | Press Release   MDI Housing Finance/GSEs 

ICBA urges House to oppose ‘true lender’ repeal

ICBA and other groups today are urging House members to oppose a Senate-passed resolution to repeal the OCC’s “true lender” rule.
May 25, 2021 | ICBA NewsWatch Today   Lending 

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