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 ...

The down payment is the biggest barrier to achieving homeownership, so why is a Washington regulator ending a program of ...

Industry leaders are also watching for the potential impact of a directive from the Federal Housing Finance Agency that could bring an end to Special Purpose Credit Programs. These programs have ...

In a recent interagency statement, the federal banking regulators highlighted the availability of Special Purpose Credit Programs (SPCPs) as a tool for financial institutions to expand access to ...

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.