Here’s a round-up of all Enterprise content—news, blogs, resources, etc.—on Policy.

Blog Post

Consumers and Communities Get Little from Standard & Poor's $1.375 Billion Settlement

On Tuesday, February 3, Standard & Poor’s Financial Services, LLC reached a $1.375 billion settlement agreement with the US Department of Justice and 19 states and the District of Columbia. This settlement resolves allegations that the credit rating agency defrauded investors by issuing inflated ratings on residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs). As a result of the misrepresentations, investors experienced significant losses on RMBS and CDOs purchased between 2004 and 2007, which contributed to the subsequent financial crisis. While S&P has admitted to its wrongdoing, this settlement is a missed opportunity to provide much needed support to struggling families and communities.
Blog Post

Takeaways from the House Financial Services Hearing on FHFA

Over the course of four hours, lawmakers from both sides of the aisle grilled FHFA Director Mel Watt on an array of policy changes at the agency over the past year, including an expansion of Fannie and Freddie purchases of low-down-payment mortgages and the decision to begin funding the Housing Trust Fund and the CapitalMagnet Fund.Below is a summary of the top issues discussed at the hearing, along with a few key facts to keep in mind about each policy.
Blog Post

August Congressional Recess Advocacy Guide

The congressional recess that lasts through August and until September 8 provides an opportunity to show members of Congress returning to their home states and districts what kind of impact affordable housing and community development programs like the Low-Income Housing Tax Credit (Housing Credit) and New Markets Tax Credit (NMTC) have had in their communities.
Blog Post

Everything You Need to Know about the Corker-Warner GSE Reform Bill

Yesterday Sen. Bob Corker (R-Tenn.), Sen. Mark Warner (D-Va.) and a bipartisan group of cosponsors introduced a bill that would dissolve Fannie Mae and Freddie Mac and establish a new system of housing finance in the U.S. This is a significant step in deciding the future of Fannie and Freddie, who were placed under government conservatorship almost six years ago.
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