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The Week Ahead: CARES, Home Sales, Construction, and Jobs

The Committee on Banking, Housing, and Urban Affairs will meet Tuesday, December 1 in open-session, hybrid format, to conduct a hearing entitled "The Quarterly CARES Act Report to Congress." Content from the last such quarterly report is documented in this ...

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Janet Yellen Is Biden’s Treasury Secretary Pick

President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be the first woman to head the U.S. Treasury—and ...

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FHFA Announces Milestone Toward Ending Conservatorships

The Federal Housing Finance Agency (FHFA) released a final rule to the Federal Register for publication today that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac, also known as the Enterprises. The final rule makes changes ...

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FHA 2020 Report Shows How It Helped Struggling Homeowners

homeowner, money, house

The Federal Housing Administration (FHA) released its 2020 annual report today, which covers the financial status of the Mutual Mortgage Insurance (MMI) Fund and its Single Family insurance programs.  The 2020 FHA report emphasizes how the government agency helped homeowners ...

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Affordable Housing Impact: Proposed Property Tax Struck Down

residential segregation in housing

A referendum to change how California enacts property taxes, which some argued would address California's housing affordability issues, was defeated by the state’s voters. Proposition 15 was designed to create a split-roll property tax system in California, with commercial properties ...

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