The Senator of Massachusetts played a vital role in the structure of the Consumer Financial Protection Bureau and proposed plans to streamline bankruptcy laws.
Read More »Former Housing Commissioner Picked to Succeed Montgomery
The current Federal Housing Commissioner has been nominated as the new Deputy Secretary of HUD.
Read More »Democratic Candidates’ Views on Affordability
Andrew Yang’s decision to drop out of the 2020 Presidential election is another blow to a candidate that brought housing to the forefront. What are those left standing saying on this issue?
Read More »Opportunity and Revitalization Council Reports Findings to President Trump
The Department of Housing and Urban Developments memo detailed 180 items the group has either begun or set to begin.
Read More »Will Kraninger Succeed Mick Mulvaney as CFPB Chief?
The White House has said that it intends to nominate OMB’s Associate Director, Kathy Kraninger to succeed Mulvaney but she’s likely to face a tough vote in the Senate. Here’s why.
Read More »Patenaude Has Nomination Hearing, Rumors of Otting’s Nomination Confirmed
Monday Pamela Patenaude appeared before the Senate Committee on Banking, Housing, and Urban Affairs for her nomination hearing for Deputy Secretary of the Department of Housing and Urban Development. Patenaude believes her history as the Assistant Deputy will set her up well for this position, if confirmed. The rumors of the intent to nominate Joseph Otting for the Comptroller of the Currency were also confirmed recently in a statement from President Trump.
Read More »Obama, Yellen Meet to Examine the State of the Economy
President Barack Obama and Federal Reserve Chair Yellen met in the Oval Office to discuss the state of the U.S. economy in the midst of slowed growth due to lower consumer spending.
Read More »Obama’s Top Housing Adviser Steps Down
Stegman will briefly rejoin Treasury to end his time with the Administration.
Read More »Fed Reform, Mortgage Access Bills Under Threat of Veto from the White House
Now the White House is threatening to veto that bill as well as another piece of legislation that would allow loans in portfolio to qualify for an exemption under the Consumer Financial Protection Bureau (CFPB)'s qualified mortgage (QM) rule. Both bills passed in the House on Wednesday.
Read More »Senior Treasury Official Named Main Housing Adviser for Obama Administration
Stegman, who has been with Treasury for four years, will be the main housing adviser for the Obama Administration in his new position with the NEC. He will be replacing Seth Wheeler, who is planning to leave the NEC in June after two years.
Read More »