On August 1, 2017, the Senate Finance Committee held a hearing on "America’s Affordable housing crisis: challenges and Solutions." In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income housing tax credit.
Pending home sales rise for 15th straight month National Association of Realtors Pending Home Sales Climb 3.8% in March. Pending home sales rose in March, reversing course from a month prior, according to the National Association of Realtors. Three of the four major regions saw growth last month, as the Northeast reported a minor slip in contract activity.United Wholesale Mortgage to offer Freddie Mac 97% LTV loans Consumers who buy a condo, or refinance an existing condo mortgage, may now be eligible for the Freddie Mac automated appraisal. The max LTV has been increased to 97%. Property assessed clean.Obama Scorecard: Foreclosure programs aid 1.4 million homeowners senate bank chair weighs sweeping GSE, mortgage lending overhaul The case for (and against) Rubio’s finances – House GOP eyes trade vote this week – Admin eyes Iraq expansion – News Corp ditching midtown – Story Continued Below Rubio spokesman Alex Conant emailed M.M.: “I just think it’s sort of offensive for someone to suggest that he’s bad with money because he’s been paying off student loans while. · Geithner is critical of bankers in their slow response to at risk homeowners, saying “they’re not doing enough to help them navigate the difficult and often frightening process of avoiding foreclosure.” More than 1.4-million mortgage borrowers have received offers for trial modifications through the government program, but only 230,000.Monday Morning Cup of Coffee: Mortgage rates to set more record lows Monday Morning Cup of Coffee: Nation honors veterans while wildfires ravage california and Trump tweets incite anger Posted on November 12, 2018 Today, the nation honors the 20 million american veterans who have fought for their country on the 100-year anniversary of the armistice of World War I.
Senate To Release Housing Finance Reform Outline: Here’s What It Means For Fannie Mae And Freddie Mac Shareholders. Groshans put the odds that a housing finance bill will pass at less than 35 percent and said Fannie and Freddie investors should expect that percentage to drop further each day a bill isn’t passed.
Two senators pushing for housing finance reform made millions from a fund that bet against the real estate market during the run-up to the financial collapse.
Fannie and Freddie 2.0: The Senate Does Not Get the Government Out of the Market. In an effort to reform the nation’s housing finance system, Senate Banking Committee Chairman Tim Johnson (D.
Page 2 of 3 Regulation of Guarantors a. FHFA’s structure will be changed so that it is run by a bi-partisan board of directors instead of a single Director. b. FHFA will charter, regulate, and supervise guarantors. c. FHFA will be required to establish prudential standards that include (i) leverage
Fannie Mae debuts “risk-sharing” mortgage-backed security In its continuing effort to offload some of the credit risk it carries, Fannie Mae is preparing to launch a new credit-risk sharing deal with the help of JPMorgan Chase (JPM). In its previous four.
Senate Majority. bills and plans to vote on them in committees during that month. Given the backlog, a stopgap spending bill is likely to be enacted before the Oct. 1 deadline as the full.
Trade groups balk at FHFA attempt to redefine Home Loan Bank membership Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x Indicate by check mark if the registrant is not required to file.
September 13, 2011 – In its 10th hearing on home finance reform, the Senate Banking Committee today discussed how to reduce the government’s role in the home mortgage industry. The reform effort came from a plan presented to Congress by the Obama Administration in February that would reduce the government’s role in home loans.
Housing finance reform was front and center as the Senate Banking Committee on Banking, Housing and Urban Affairs, kicked off what may be a series of hearings on the topic. NMHC and NAA issued a letter to the Committee supporting their initiative and citing the importance of including multifamily in its work on housing finance reform.