{"id":7197,"date":"2023-05-22T18:51:34","date_gmt":"2023-05-22T22:51:34","guid":{"rendered":"https:\/\/nationalfairhousing.org\/?p=7197"},"modified":"2023-05-22T18:51:34","modified_gmt":"2023-05-22T22:51:34","slug":"nfha-issues-statement-opposing-the-middle-class-borrower-protection-act","status":"publish","type":"post","link":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/","title":{"rendered":"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act"},"content":{"rendered":"\n<p class=\"content-wrap-item post__paragraph\">FOR IMMEDIATE RELEASE<br>May 22, 2023<br>Contact: Izzy Woodruff | <a href=\"mailto:iwoodruff@nationalfairhousing.org\">iwoodruff@nationalfairhousing.org<\/a><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\"><strong>NFHA Issues Statement Opposing the Middle Class Borrower Protection Act<\/strong><\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><strong>Washington, D.C. \u2014 <\/strong>Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill would require the Federal Housing Finance Agency to reverse recent changes to its single-family pricing matrix for Fannie Mae and Freddie Mac.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cWe are concerned that Congress is attempting to set mortgage pricing fees for loans purchased by the Government Sponsored Enterprises (GSEs). This is the role of their regulator, the Federal Housing Finance Agency (FHFA). A return to the former pricing matrix would raise the cost of homeownership and make it more expensive for first-time homebuyers and borrowers of color seeking conventional loans. The bill also fails to advance housing affordability and does not offer a solution for the millions of mortgage-ready consumers who desire and can succeed in homeownership.<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cPrior to FHFA mandating upfront Loan Level Price Adjustment (LLPA) fees, the GSEs had a stronger track record of purchasing loans made to Black, Latino, AAPI, and Native communities. Since FHFA instituted LLPAs in 2008, the GSEs have grossly underserved the very borrowers on whom the health of the future housing finance system depends. LLPAs also unfairly place the potential burden of future catastrophic risk on the backs of the borrowers who were most harmed by the Great Recession.&nbsp;<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\">\u201cLLPAs must be eliminated. They force creditworthy first-time homebuyers and borrowers of color to pay more for mortgages, which prices them out of the conventional market. The GSEs\u2019 charters mandate that they serve the whole of the market \u2014 not just wealthier borrowers purchasing second homes and investors. FHFA\u2019s recent changes move the system toward greater safety and soundness, which is ultimately in everyone\u2019s best interest.\u201d<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph has-text-align-center\">###<\/p>\n\n\n\n<p class=\"content-wrap-item post__paragraph\"><em><strong>The National Fair Housing Alliance (NFHA)<\/strong><\/em><em> is the country\u2019s only national civil rights organization dedicated solely to eliminating all forms of housing and lending discrimination and ensuring equal opportunities for all people. As the trade association for over 170 fair housing and justice-centered organizations and individuals throughout the U.S. and its territories, NFHA works to dismantle longstanding barriers to equity and build diverse, inclusive, well-resourced communities.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FOR IMMEDIATE RELEASEMay 22, 2023Contact: Izzy Woodruff | iwoodruff@nationalfairhousing.org NFHA Issues Statement Opposing the Middle Class Borrower Protection Act Washington, D.C. \u2014 Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill [&hellip;]<\/p>\n","protected":false},"author":433,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,2],"tags":[],"class_list":["post-7197","post","type-post","status-publish","format-standard","hentry","category-news-media","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA<\/title>\n<meta name=\"description\" content=\"FOR IMMEDIATE RELEASEMay 22, 2023Contact: Izzy Woodruff | iwoodruff@nationalfairhousing.org NFHA Issues Statement Opposing the Middle Class Borrower Protection Act Washington, D.C. \u2014 Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill [&hellip;]\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA\" \/>\n<meta property=\"og:description\" content=\"FOR IMMEDIATE RELEASEMay 22, 2023Contact: Izzy Woodruff | iwoodruff@nationalfairhousing.org NFHA Issues Statement Opposing the Middle Class Borrower Protection Act Washington, D.C. \u2014 Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/\" \/>\n<meta property=\"og:site_name\" content=\"NFHA\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-22T22:51:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalfairhousing.org\/wp-content\/uploads\/2022\/03\/NFHA_full_purple.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Rachel VanArsdale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rachel VanArsdale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/\",\"url\":\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/\",\"name\":\"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA\",\"isPartOf\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#website\"},\"datePublished\":\"2023-05-22T22:51:34+00:00\",\"author\":{\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalfairhousing.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalfairhousing.org\/#website\",\"url\":\"https:\/\/nationalfairhousing.org\/\",\"name\":\"NFHA\",\"description\":\"National Fair Housing Alliance\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalfairhousing.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103\",\"name\":\"Rachel VanArsdale\",\"url\":\"https:\/\/nationalfairhousing.org\/author\/rachelvanarsdale\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA","description":"FOR IMMEDIATE RELEASEMay 22, 2023Contact: Izzy Woodruff | iwoodruff@nationalfairhousing.org NFHA Issues Statement Opposing the Middle Class Borrower Protection Act Washington, D.C. \u2014 Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill [&hellip;]","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/","og_locale":"en_US","og_type":"article","og_title":"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA","og_description":"FOR IMMEDIATE RELEASEMay 22, 2023Contact: Izzy Woodruff | iwoodruff@nationalfairhousing.org NFHA Issues Statement Opposing the Middle Class Borrower Protection Act Washington, D.C. \u2014 Nikitra Bailey, Executive Vice President of the National Fair Housing Alliance (NFHA), issued the following statement opposing the Middle Class Borrower Protection Act of 2023 introduced by Rep. Warren Davidson (R-OH). The bill [&hellip;]","og_url":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/","og_site_name":"NFHA","article_published_time":"2023-05-22T22:51:34+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/nationalfairhousing.org\/wp-content\/uploads\/2022\/03\/NFHA_full_purple.png","type":"image\/png"}],"author":"Rachel VanArsdale","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rachel VanArsdale","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/","url":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/","name":"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act - NFHA","isPartOf":{"@id":"https:\/\/nationalfairhousing.org\/#website"},"datePublished":"2023-05-22T22:51:34+00:00","author":{"@id":"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103"},"breadcrumb":{"@id":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalfairhousing.org\/nfha-issues-statement-opposing-the-middle-class-borrower-protection-act\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalfairhousing.org\/"},{"@type":"ListItem","position":2,"name":"NFHA Issues Statement Opposing the Middle Class Borrower Protection Act"}]},{"@type":"WebSite","@id":"https:\/\/nationalfairhousing.org\/#website","url":"https:\/\/nationalfairhousing.org\/","name":"NFHA","description":"National Fair Housing Alliance","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalfairhousing.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nationalfairhousing.org\/#\/schema\/person\/64e3544bbe22ab5e14209fcb54763103","name":"Rachel VanArsdale","url":"https:\/\/nationalfairhousing.org\/author\/rachelvanarsdale\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/users\/433"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/comments?post=7197"}],"version-history":[{"count":1,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7197\/revisions"}],"predecessor-version":[{"id":7198,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/posts\/7197\/revisions\/7198"}],"wp:attachment":[{"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/media?parent=7197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/categories?post=7197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalfairhousing.org\/wp-json\/wp\/v2\/tags?post=7197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}