As climate changes expose more U.S. housing stock to potential flood damage, the Congressional Budget Office has issued an impact report encompassing homeowners with mortgages protected by the GSEs or backed by the FHA or VA.
Read More »SEC Urged to Finalize Proposed Rule on Climate-Related Disclosures
Rep. Maxine Waters has issued a letter to the Chair of the SEC to move quickly to finalize its proposal to improve the quality of climate-related disclosures in the nation’s capital markets. Click through the read the details.
Read More »Agencies Issue Final Rule to Modernize the Community Reinvestment Act
Building on feedback from stakeholders and research, three federal agencies have issued updates to the 50-plus-year-old Community Reinvestment Act to strengthen and modernize its regulations to better achieve the purposes of the law.
Read More »Oral Arguments Begin in Constitutionality Case Against the CFPB
The U.S. Supreme Court heard opening arguments challenging the constitutionality of the Bureau’s funding through the Federal Reserve.
Read More »Rep. Waters Expresses Concern Over AI Usage in Housing
In a letter to GAO Comptroller General Eugene Dodaro, Rep. Maxine Waters calls for an investigation into artificial intelligence and proptech in the housing space as a possible barrier to fair and affordable housing opportunities.
Read More »Yellen Reacts to Fitch Ratings Downgrade of U.S., GSEs
Precipitated by Fitch’s downgrade of the sovereign rating of the U.S., many in the industry voiced their opposition to the downgrade of Fannie Mae and Freddie Mac’s rating from 'AAA' to 'AA+.’
Read More »New CFPB Rule Impacts HMDA Reporting
Under a new order from the CFPB, loans reportable under the Home Mortgage Disclosure Act will not need to be reported under the new small business lending rule.
Read More »Rep. Waters Addresses HUD’s Housing Assistance Payments
Rep. Maxine Waters, Chair of the Financial Services Committee, said HUD's draft solicitation could have a “negative impact” on the nation’s supply of affordable housing options.
Read More »Rep. Waters Expresses Housing Concerns Over Fed Rate Hikes
In a letter to Federal Reserve Chair Jerome Powell, Rep. Maxine Waters addressed the Fed’s recent rate hikes, the impact on the nation’s housing crisis, and the effects of ongoing inflation.
Read More »Accountability for Equifax
Chairwoman of the House Financial Services Committee, Congresswoman Maxine Waters (D-CA), has vowed to hold credit bureau Equifax accountable for repeated slights against American Consumers in an open letter published Aug. 10. The letter follows recent news that Equifax sent ...
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