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Tag Archives: House of Representatives

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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House Postpones Vote on Proposal to Cap Salaries of Fannie Mae, Freddie Mac CEOs

Watt said in a statement in July that the purpose of the pay raises was to "promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability" at Fannie Mae and Freddie Mac. Watt's predecessor, Ed DeMarco, capped the GSE CEO pay at $600,000 a year more than three years ago after four years of conservatorship.

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House Passes Bipartisan Bill to Provide Formal TRID Grace Period

The Homebuyers Assistance Act (H.R. 3192), provides the mortgage industry with a grace period through February 1, 2016 by protecting them from enforcement actions if they make a good faith effort to comply with the TRID regulation. The Act passed through the House Financial Services Committee last week. The White House attempted to veto the Homebuyers Assistance Act on Tuesday, according to a Statement of Administrative Policy.

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