Housing Policy Council - HPC

AAA

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.

RELATED TERMS
  1. Foreclosure - FCL

    A situation in which a homeowner is unable to make principal ...
  2. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  3. Home Mortgage Disclosure Act - ...

    A federal act approved in 1975 that requires mortgage lenders ...
  4. Federal Home Loan Bank System - ...

    An organization created by the Federal Home Loan Bank Act of ...
  5. Mortgage Revenue Bond - MRB

    A funding source for home mortgages. Mortgage revenue bonds help ...
  6. Fannie Mae - Federal National Mortgage ...

    A government-sponsored enterprise (GSE) that was created in 1938 ...
Related Articles
  1. Why Housing Market Bubbles Pop
    Home & Auto

    Why Housing Market Bubbles Pop

  2. 5 Mistakes Real Estate Investors Should ...
    Home & Auto

    5 Mistakes Real Estate Investors Should ...

  3. 5 Tips For Recession House Hunters
    Home & Auto

    5 Tips For Recession House Hunters

  4. Insuring Federal Housing Authority Mortgages
    Home & Auto

    Insuring Federal Housing Authority Mortgages

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center