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Tag Archives: Congress

Neugebauer Introduces CFPB Reform Bill

U.S. Representative Randy Neugebauer (R-Texas) introduced a bill this week intended to replace the director of the Consumer Financial Protection Bureau (CFPB) with a five-member commission. He announced his plan to support legislation in his testimony at House Financial Services Committee (HFSC) hearing held on Tuesday, March 3.

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DS News Webcast: Monday 9/22/2014

Foreclosure, REO, News, Webcast

The U.S. House of Representatives passed bipartisan legislation recently that allows small businesses to spend capital toward creating jobs instead of compliance. H.R. 4, known as the Jobs for America Act, contains two Financial Services Committee bills designed to provide regulatory ...

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HUD OIG Focuses on Civil Fraud, Touts $48M in Restitution in 6 Months

In its latest semiannual report to Congress, the Department of Housing and Urban Development Office of Inspector General (HUD OIG) touted its efforts in bringing in more than $48 million in restitution and judgments over the six months ending at the end of March. HUD OIG also recovered close to $24 million for HUD programs during the six-month period.

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FHFA Report to Congress Reveals Milestones, Problems

The Federal Housing Finance Agency (FHFA) submitted its 2013 Report to Congress, which detailed findings from the agency's examination of Fannie Mae and Freddie Mac. The report found that although experiencing significant exposure to credit losses from mortgage originations several years prior to the government's conservatorship, the two GSEs had record amounts of net income in 2013.

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