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On June 10, Toledo's Court of Appeals issued its opinion for AFSA v. City of Toledo, reversing a lower court decision and ruling in favor of Toledo. Ultimately, it will be the Ohio Supreme Court that rules on the validity of municipal ordinances in the state after it hears arguments for AFSA v. City of Cleveland.
See AFSA's statement
Speaking June 3 to the National Association of Real Estate Editors, Federal Reserve Governor Edward Gramlich said that data collected under the Home Mortgage Disclosure Act (HMDA) will be used as a screen to identify any aspects of the higher-priced end of the mortgage market that warrant closer scrutiny.
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A Traiger & Hinckley LLP study of 2004 HMDA data from ten leading national mortgage lenders shows no meaningful differences by race, ethnicity, or sex in the pricing of first lien home purchase loans with reported rate spreads.
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The association will have an exhibition booth and host a dinner at the National Conference of State Legislatures' (NCSL) Annual Conference and Exposition taking place August 15-19 in Seattle, Washington. Up to 6,000 people are expected to attend this year's conference.
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S.925 was introduced April 27 by Senators Corzine, Akaka, Stabenow, Lautenberg and Baucus.
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The House Financial Services Committee approved legislation to overhaul regulations for the housing government-sponsored enterprises.
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