Housing Policy Council - HPC

Definition of 'Housing Policy Council - HPC'


A subsidiary of the Financial Services Roundtable, formed in 2003, in recognition of the fact that many roundtable members are directly involved in providing mortgage credit to American consumers. The Housing Policy Council (HPC) is a strong lobbying force in D.C., weighing in on numerous housing and mortgage-related topics including federal home loan bank modernization efforts, government sponsored enterprise (GSE) regulatory reform, uniform national financial standards, home mortgage disclosure act (HMDA) data standards and reporting, low-income housing tax credit, the mortgage interest deduction, mortgage revenue bonds and many more.

Investopedia explains 'Housing Policy Council - HPC'


The Housing Policy Council also provides mortgage credit for consumers nationwide. It approximates that member firms of the HPC originate 65% of all mortgages in the U.S. Senior mortgage executives from member firms sit on the Housing Policy Council leadership board.

The Housing Policy Council was instrumental in creating the HOPE NOW Alliance to help stem the help tide of mortgage foreclosures created by the subprime mortgage market meltdown in '07-'08.


Filed Under: , ,

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an 80% loan-to-value ratio, the second position lien has a 10% loan-to-value ratio and the borrower makes a 10% down payment. 80-10-10 mortgage transactions are piggy-back mortgage transactions, and are frequently used by borrowers to avoid paying private mortgage insurance.
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific benchmark, such as a SPDR. Unlike actively managed ETFs, passive ETFs are not managed by a fund manager on a daily basis.
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another market so that it balances out. So when examining a specific market, if all other markets are in equilibrium, Walras' Law asserts that the examined market is also in equilibrium.
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. Market segmentation enables companies to target different categories of consumers who perceive the full value of certain products and services differently from one another.
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following:
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option is purchased and the lower premium option is sold - both at the same time. The higher the debit spread, the greater the initial cash outflow the investor will incur on the transaction.
Trading Center