FDIC Announces a New Resource for Community Banks: Affordable Mortgage Lending Guide, Part II: State Housing Finance Agencies — 2016-11-03

The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about grant and mortgage loan programs offered by State Housing Finance Agencies. The Affordable Mortgage Lending Guide, Part II: State Housing Finance Agencies describes programs offered by State Housing Finance Agencies across the country. The guide focuses on first-lien mortgage products, down payment and closing assistance, mortgage tax credit certificates, and homeownership education and counseling programs that can facilitate mortgage lending by insured depository institutions. It also provides an individual summary of each State Housing Finance Agency, listing programs offered and providing web links for easy reference by bankers operating in that state or territory. The FDIC’s Affordable Mortgage Lending Guide includes three parts: Part I: Federal Agencies and Government Sponsored Enterprises; Part II: State Housing Finance Agencies; and Part III: Federal Home Loan Banks.