Tag Archives: Obama administration

The CFPB will be under the spotlight by the House Financial Services Committee at an upcoming hearing examining whether it's time to reform the Bureau.

A new opinion piece from Don Layton, the former Freddie Mac boss, explores how the GSEs came to be under government control, and what the future should hold for the two companies.

Two panels of housing experts recently examined the Obama Administration's legacy on housing and what they think the Trump Administration will bring for the industry.

Julián Castro's tenure as HUD Secretary is expected to end soon, and he has released one final memo to the American people recounting some of the administration's achievements since he assumed the post two and a half years ago.

President Obama credits Dodd-Frank and other financial reform with much of the country's economic progress since the crisis. But he says it's not enough.

Is housing policy on the radar at all for President Obama as his administration winds down? Tuesday's State of the Union address will tell.

Obama Administration officials such as Treasury Secretary Jack Lew have warned in the last month that such a “recap and release” program for Fannie Mae and Freddie Mac would put the GSEs at risk of another bailout; however, the GSEs’ Q3 earnings reports showed a $475 million net loss for Freddie Mac and a decline of more than 50 percent in Fannie Mae’s quarterly net income (from $4.6 billion in Q2 down to $2 billion in Q3), prompting their boss, FHFA Director Mel Watt, to declare that they may need a bailout anyway.

U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro will answer questions about a variety of housing topics in a fireside-chat style event on the morning after President Obama's state of the union speech on Wednesday, January 21, at the Newseum in Washington, D.C.

A federal judge ruled on Monday that the Fair Housing Act does not allow for so-called "disparate impact" claims, which are allegations that can be made based on neutral practices that may unintentionally have a discriminatory effect.

Obama administration officials praised Thursday's $16.65 billion settlement between Bank of America and the U.S. Department of Justice, $7 billion of which will go to provide consumer relief to assist those distressed by the collapse of the housing market in 2008.