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As a former neurosurgeon, I am all too familiar with the effects of lead exposure on the developing brain. Childhood lead poisoning is a clear example of how substandard housing [...]

INTRODUCTION The high level of legislative and regulatory activity in the last few months of 1992 carried over into 1993 as housing finance developments were frequent and confusing. The Department [...]

The Federal Home Loan Mortgage Corp and the Federal National Mortgage Assn are faced with the Housing and Community Development Act of 1992 which requires them to make sure that 30% of loans purchased each year are made to low-income and average-income borrowers and 30% of loan purchases come from central cities. Both agencies view the 'twin-30' goals as a chance to develop new markets. Community lenders see these new goals will meet the needs of underserved housing markets., Even though Fannie Mae and Freddie Mac Are Facing New 'Twin-30' Requirements, Portfolio Lenders Remain Skeptical of the Agencies' Ability to Meet the Particular Needs of Central City and Low- [...]

Regulation X relates to the United States Real Estate Settlement Procedures Act, interpreting the Act and, together with the Housing and Community Development Act, bringing about important revisions. Those involved in mortgage transactions now have to be more open about charges and involvement with parties taking part in transactions. These changes mean a major overhaul in procedures, practices and products for mortgage brokers and others involved in property finance.

Mortgage lenders must adhere to community banking rules, even when the granting of loans becomes more automated, according to regulators. Speakers at the Mortgage Bankers Assn's fair-lending conference warned that banks must avoid bias on the basis of income as well as racial or other minority bias. The pooling of information to obtain the credit scores of loan applicants should not rule out those whose applications have previously been denied., Regulators warned at an industry conference this week that lenders remain on the hook when it comes to racial bias in lending, even though mortgage lending is becoming more automated. [...]

On April 19 the Federal Reserve Board and the Comptroller's Office finalized revised Community Reinvestment Act rules, with FDIC expected to quickly follow. Highlights of the joint rule: * Direct [...]