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Tag Archives: Congress

Making Mortgage Forgiveness Tax Relief Permanent

United States tax policy has been in the spotlight in recent months, with President Trump signing the Tax Cuts and Jobs Act into law in December, and experts debating what the long-term impact of the bill will be ever since. ...

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House Passes Four Financial Services Bills

All eyes were on the Senate Tuesday afternoon as it took up discussion of the Economic Growth, Regulatory Relief, and Consumer Protection Act, a bipartisan bill that would scale back and modify certain regulations put in place by the 2010 ...

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Powell Doubles Down on “Further Gradual” Interest Rate Hikes

On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some of the headwinds the U.S. economy faced in previous years ...

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Are Servicing Reforms on the Horizon?

With housing finance reform legislation once again in the works in Congress, now might be the right time for reforms in the mortgage servicing industry. The first in this three-part series of reports makes a case for the government to review and mitigate the risks associated with inefficient mortgage servicing.

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Flood Insurance Reform Passes in House

The House has voted to reauthorize and reform the National Flood Insurance Program. What does it mean for homeowners and the housing industry in general?

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Waters Introduces Bill Targeting Big Banks

On Wednesday Congresswoman Maxine Waters (D-California) issued a warning to big banks in the form of a new bill that if made into law would allow regulators to break up mega banks that have a record of repeated customer complaints.

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One Rule—Two Outlooks

The Consumer Financial Protection Bureau’s recent arbitration rule might be in trouble, according to a recent press release by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Take a look at what Senators are saying about the rule and what they’re doing to overturn it.

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The Week Ahead: Yellen in the Spotlight

Janet Yellen will be in the limelight again on Wednesday and Thursday, this time testifying before both the House and the Senate. Will The Fed say more of the same, or will her testimony bring more changes?

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FHFA Drops Optimistic 2016 Report to Congress

The Federal Housing Finance Agency released recently its exhaustive annual 2016 Report to Congress, where it highlights actions it has taken over the year to support and maintain the nation’s housing industry. The 120 page report covers, amongst others: a report of the annual examination of Fannie Mae and Freddie Mac (The Enterprises), reports of annual examinations of the Federal Home Loan Banks, the results of stress tests under the Dodd-Frank Wall Street Reform Consumer Protection Act. You can find some of the report’s highlights here.

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