Monthly Archives: February 2016

CORKER SAYS CONCERNS ABOUT FANNIE, FREDDIE CAPITAL NOT A REASON TO RETURN TO FAILED...

In response to a speech today by Federal Housing Finance Agency Director Mel Watt, U.S. Senator Bob Corker (R-Tenn.), a member of the Senate Banking Committee, said concerns about capital at government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are not reason to return to the failed housing finance model that existed before the GSEs went under government conservatorship

Alexander Says Supreme Court Right to Block Obama Clean Power Plan

U.S. Sen. Lamar Alexander (R-Tenn.) today released the following statement after the U.S. Supreme Court blocked the Obama Administration’s Clean Power Plan until legal challenges to the law are resolved.

Congressman Cohen Welcomes HUD’s Decision to Relocate Residents of Tulane and Warren Apartments to...

Congressman Steve Cohen (TN-09) today welcomed the Department of Housing and Urban Development’s (HUD) decision to abate the Housing Assistance Payment (HAP) contract of Warren Apartments, Tulane I Apartments, and Tulane II Apartments due to owner’s default. Warren and Tulane apartments are owned by the Global Ministries Foundation (GMF). Pursuant to the HAP Contracts and HUD regulations, GMF is required to maintain the units in a decent, safe, and sanitary manner but has failed to do so.

Roe Introduces Bill to Bring Fairness to Public Housing

Rep. Phil Roe, M.D. (R-TN) introduced the Fairness in Public Housing Act. This bill would require tenants in public housing who have earned more than 125% of Median Area Income for more than one year to move out so that other needy families can move in

Fisher Brings Servicing Success to Tennessee Housing

Tennessee Housing Development Agency has hired Stephen A. Fisher to open its new servicing division. Fisher created the Loan Servicing Department at West Virginia Development Fund in 1989, bringing servicing in-house from 40 lenders.

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MERCY LOAN FUND PARTNERS WITH NATIONAL CHURCH RESIDENCES TO PRESERVE MUCH-NEEDED...

Mercy Loan Fund (MLF), a leading Community Development Financial Institution (CDFI) based in Denver, Colo., has announced it has partnered with National Church Residences (NCR) to help preserve 55 affordable homes for seniors at Hickory Hollow Senior Apartments in Memphis, Tenn.

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Announcement of Maximum Effective Rate of Interest on Home Loans

The Federal National Mortgage Association has discontinued its free market auction system for commitments to purchase conventional home mortgages. Therefore, the Commissioner of Financial Institutions hereby announces that the maximum effective rate of interest

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