On January 26, 2017, CBAI was pleased to partner with the Federal Deposit Insurance Corporation, Federal Reserve Bank of Chicago, and the Office of Comptroller of the Currency to co-host the "Increasing Access to Affordable Mortgage Credit Workshop" at the FDIC offices in Chicago.
This day-long workshop provided information on affordable mortgage and refinancing products that may be helpful in meeting the needs of low-to-moderate income and other underserved consumers. Participants learned about federal programs and other resources that can enhance or expand mortgage related lending activities in their local markets. The session highlighted effective ways for banks to make prudently underwritten and sustainable mortgage loans. The event also examined barriers that exist in providing mortgage credit and potential partnership opportunities.
The workshop was attended by more than 50 bankers and other participants. The FDIC’s Glenn Brewer (Community Affairs Specialist) coordinated the event, and Anthony Lowe (FDIC Regional Director) and David Schroeder (CBAI Vice President Federal Government Relations) provided welcome remarks and comments.
These organizations presented at the Workshop:
- Federal Deposit Insurance Corporation
- Federal Reserve Bank of Chicago
- Office of the Comptroller of the Currency
- Fannie Mae
- Freddie Mac
- Federal Home Loan Bank of Chicago
- U.S. Department of Housing and Urban Development
- Illinois Housing Development Authority
- Chicago Urban League
- Spanish Coalition for Housing
- Neighborhood Housing Services of Chicago
The topics covered at the Workshop included:
- Affordable Mortgage Trends
- Leveraging State and Regional Resources for Affordable Mortgage Credit
- FDIC Affordable Mortgage Resources
- Opportunities for Increasing Access to Affordable Mortgage Credit
- Using Fannie Mae & Freddie Mac to Support Access to Affordable Mortgage Credit
- Leveraging Housing Counseling Services to Increase Affordable Mortgage Lending
CBAI appreciated the opportunity to partner in offering this workshop so that participants could learn about affordable mortgages and refinancing products that may be helpful in meeting the needs of low and moderate income customers and underserved communities.