In its Annual Report to Congress for fiscal year 2023, the FHA detailed the work of its single-family mortgage insurance programs in fiscal year 2023, including updates on credit access, capital in the MMI Fund, and delinquency rates of mortgages in its portfolio.
Read More »Trade Groups Urge Congress to Extend NFIP and Protect Housing Market
In a letter to Mike Johnson, Speaker of the United States House of Representatives, 11 housing organizations have issued a letter to Congress to extend the authority of the NFIP by ensuring other vital housing programs do not lapse on November 17.
Read More »How a Government Shutdown Could Impact the Industry
A partial shutdown of government operations would result in the closing of some federal housing, mortgage, and other programs of interest to the housing industry if Congress is unable to agree on the provisions of a Continuing Resolution to fund the federal government by September 30.
Read More »Fifth Circuit Finds CFPB Funding Strategy Unconstitutional
A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled in a case brought by a payday lending group against the CFPB's 2017 payday lending rule, resulting in the court's decision to deem their funding structures unconstitutional.
Read More »Coalition Urges Congress to Boost Mortgage-Payment Assistance
Housing groups join and pen letter to congressional leaders calling for aid to homeowners.
Read More »CFPB Receives Record Numbers of Complaints During Pandemic
On the second day of her testimony before Congress, Director Kathy Kraninger updated the House Financial Services Committee on the Bureau's actions amidst COVID-19.
Read More »Second COVID-19 Relief Bill Expected by August
Will the legislation included more provisions to assist homeowners to make mortgage payments?
Read More »Two Congressional Bills Aim to Prevent Mass Evictions
Legislation introduced in the House and Senate aims to expand aid to struggling renters during the pandemic.
Read More »Law Firm Accuses CFPB of Unlawful Funding
According to a lawsuit filed by the New Civil Liberties Alliance, Congress unlawfully divested its legislative appropriations power when it gave CFPB the ability to draw funding directly from the Federal Reserve
Read More »Fighting Foreclosures on the Hill
In an effort to combat foreclosures for borrowers with Federal Housing Administration (FHA) mortgages, Congresswoman Maxine Waters introduced the FHA Foreclosure Prevention Act of 2019. Here's what is in the bill.
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