Search results for: “INVESTMENTS”
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Special Guest Interview with Wendy Federman, Award-Winning Broadway & Film Producer & President of Foolish Mortals Productions
What is a Producer? “A producer is a rare, paradoxical genius: hard-headed, soft-hearted, cautious, reckless, a hopeful innocent in fair weather, a stern pilot in stormy weather, a mathematician who prefers to ignore the laws of mathematics and trust intuition, an idealist, a realist, a practical dreamer, a sophisticated gambler, a stage-struck child. That’s a…
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NAWRB’s Response to IRS Notice of Proposed Rulemaking for Opportunity Zones
27 December 2018 To Whom It May Concern, Women in the Housing & Real Estate Ecosystem (NAWRB) is writing in response to the Notice of Proposed Rulemaking for the Opportunity Zones provision of the Internal Revenue Code (Section 1400Z-2) NAWRB’s decade-long history in social impact through our data analytics, media engagement, connections with senior executives…
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White House Creates “Opportunity and Revitalization Council” for Opportunity Zones
On Wednesday, Dec. 12, 2018, the White House announced that it would be exerting more governmental resources to facilitate the development of the Opportunity Zone tax incentive with the establishment of the White House Opportunity and Revitalization Council. Department of Housing and Urban Development Secretary Ben Carson will serve as council chair among representatives from…
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NAWRB Conference Interview with Alicia Townsend, U.S. Bank
NAWRB: What are you responsible for, in your own words? I’m Vice President for the great state of Ohio. This is my first opportunity to engage and I’m loving it—that’s the conversation we’re just having. It’s nice for us, as bankers, to be engaged at this level and be able to go where the customer…
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Cheryl Travis Johnson Interview NAWRB Conference 2018
NAWRB: Tell us a little about yourself and describe what you do. I’m Cheryl Travis-Johnson, and I’m the Chief Operating Officer for VRM Mortgage Services. I’m also a part of the Council for Inclusion in Financial Services. At my first job as a COO of VRM, I handle end-to-end servicing solutions for clients from originations…
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FHFA Requests Public Input for Duty to Serve Program Provisions – Deadline Nov. 2, 2018
The Federal Housing Finance Agency (FHFA) recently released a Request for Input to the public regarding proposed modifications to the Enterprises’, Freddie Mac and Fannie Mae, Duty to Serve (DTS) program. These proposed modifications will the purchase or rehabilitation of distressed properties activity, chattell loan pilot, investment in LIHTC properties and financing by small financial…
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Fannie Mae & Freddie Mac Conclude Expansion in Single-Family Rental Market
The Federal Housing Finance Agency (FHFA) announced yesterday that government-sponsored enterprises Fannie Mae and Freddie Mac will end their expansion into the single-family rental market by halting the single-family rental pilot programs initiated in the last two years. The FHFA has concluded that the market is able to run smoothly without the assistance of GSEs,…
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Wells Fargo and Justice Department Reach $2.09 Billion Settlement
It was announced this week that Wells Fargo and the U.S. Department of Justice have reached a settlement requiring the bank to pay a $2.09 billion fine for issuing mortgage loans containing incorrect income information prior to the financial crisis a decade ago.
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The Investing in Opportunity Act: Private-Public Partnerships Helping Low-Income Communities
In December 2017 Congress passed the heavily-debated GOP tax bill, with highlighted features such as a $1.5 trillion tax cut, lowered tax rates for individuals and corporations, a cap on mortgage interest deduction at $750,000, and a doubling of the standard deduction and child tax credit. The effects of these changes might make an impact…
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2018 NAWRB Conference Live Updates: Investing In Opportunity Act
While implementing the Investing in Opportunity Act can be complicated, all of the speakers on our panel were enthusiastic about the transforming change this tax incentive could bring to communities most in need.