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Affirmative Mortgage

1998: Sec. Andrew Cuomo Defends Affirmative Action Mortgage Policy

Andrew Cuomo admits "affirmative action" determined housing policy during his tenure at HUD. New York's new governor defiantly ...

JERNIGAN CAPITAL, INC. (NYSE:JCAP) Files An 8-K Entry into a Material Definitive Agreement

On December 28, 2018, Jernigan Capital Operating Company, LLC (the “Operating Company”), the operating company of Jernigan Capital, Inc. (the “Company”), entered into an amended and restated senior secured revolving credit facility of up to $235 million (the “Amended and Restated Credit Facility”) with KeyBank National Association, as administrative agent, KeyBanc Capital Markets Inc., Raymond James Bank, N.A. and BMO Capital Markets Corp., as joint lead arrangers and syndication agents, and the other lenders party thereto. to an accordion feature, the Operating Company may from time to time increase the commitments up to an aggregate amount of $400 million, subject to, among other things, an absence of default under the Amended and Restated Credit Facility, as well as receiving commitments from lenders for the additional amounts. The Amended and Restated Credit Facility amends and restates the Company’s existing credit facility in all respects. The Operating Company intends to use future borrowings under the Amended and Restated Credit Facility to fund its investments, to make secured or unsecured loans to borrowers in connection with its investments and for general corporate purposes.

The Trump administration is reversing Obama-era policies on affirmative action in schools

The Trump administration is rolling back Obama’s policies on affirmative action in colleges.

In a joint-letter , the Education and Justice Departments announced on Tuesday (July 3) that they will rescind seven guidance documents focused on affirmative action, dating back to the Obama administration. The guidance encouraged universities to consider race as a factor in promoting diversity in their student admissions. They showed universities how to legally factor in a student’s race among other factors, including granting admission preferences to students who came from certain schools based on demographic data.

“In the Trump administration, we are restoring the rule of law,” attorney general Jeff Sessions said in a statement . He criticized previous administrations for using guidance documents “to impose new rules on the American people without any public notice or comment period.”

As Heather Timmons writes , these seven affirmative action policies were among 24 documents rescinded by the Department of Justice yesterday:

anybody recall the details how bill clinton got the affirmative action mortgage laws changed in 1995?

robert greenwald and james h.


In the late 1990's, the then CEO Franklin Raines relaxed lending standards at Fannie Mae to allow subprime borrowers to obtain loans. This was done under the direction of the Clinton Administration. Relaxing of Lending Standards
http://en.wikipedia.