Tag Archives: Congress

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.

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?

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.

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.

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?

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.

Fannie Mae and Freddie Mac will now enjoy the nine standard exemptions of the Freedom of Information Act, thanks to a recent amendment to HR 1694. According to the amendment's sponsor, it will help ensure privacy and transparency at the entities. Passed in April, HR 1694 requires the GSEs to adhere to the FOIA for the first time since entering conservatorship.

President Trump’s presented to Congress his plans to revive the economy, provide better health care, curtail crime and drugs, and create a better life for everyone.

For the first time in their 74-year history, the National Association of Home Builders has recently announced that they are officially endorsing candidates for the U.S. House and Senate in the upcoming November 8 elections.

John Stumpf, Wells Fargo Chairman and CEO, sat before the Senate Banking Committee to full apologize and take full responsibility for the controversy that has recently impacted all sectors of the financial industry.