U.S. Department of Housing and Urban Development Secretary Scott Turner announced the Federal Housing Administration will propose an across-the-board leveling of its Upfront Capitalized and Annual Mortgage Insurance Premiums to 25 basis points for all multifamily program categories as a step toward boosting affordable housing inventory.

The federal banking agencies published comprehensive data depicting communities presenting opportunities for covered institutions to receive Community Reinvestment Act (CRA) compliance credit through outreach activities, as well as a list of banks recently evaluated for their efforts to fulfill their CRA obligations. Read about these reports and more in this regulatory roundup.

Perhaps the most consequential scrutiny of the Republican-led congressional budget package lies in the hands of the Senate parliamentarian’s office, which determined several of the budget bill’s provisions violate Senate rules pertaining to budgetary matters while deeming others to be permissible.

Members of the House Financial Services Subcommittee on Oversight and Investigations debated whether, and to what extent, the Consumer Financial Protection Bureau improperly weaponized its enforcement authority against certain “disfavored” sectors of the financial marketplace under former Director Rohit Chopra.

U.S. Department of Housing and Urban Development Secretary Scott Turner announced that his agency will be relocating from Washington, D.C., to the headquarters of the National Science Foundation (NSF) in Alexandria, Va. Turner made the announcement during a press conference held at the current NSF headquarters on June 25.

The Mortgage Bankers Association found mortgage applicants’ payments increased in May, indicating a decline in homebuyer affordability as mortgage rates remained near 7 percent.

The Federal Housing Administration notified the industry it is seeking comments regarding Buy Now, Pay Later loans via a request for information published in the Federal Register.

The Federal Open Market Committee voted to maintain the federal funds target rate at a range of 4-1/4 percent to 4-1/2 percent, citing a confluence of positive and negative economic indicators warranting a measured approach in the eyes of its members. The decision aligns with projections by mortgage industry leaders but elicited harsh criticism from President Donald Trump.

An Illinois federal judge denied a motion filed by the Consumer Financial Protection Bureau and Chicago mortgage broker Townstone Financial to vacate the settlement the two parties reached to resolve allegations of redlining against Townstone.