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Results: 93 Articles found.
May 21, 2014 12:30 PM

Senate Banking Committee Approves Fannie, Freddie Overhaul

The Senate Banking Committee approved a bipartisan bill to overhaul Fannie Mae and Freddie Mac, though it was a narrow and likely hollow victory, according to a May 15 article in The Wall Street Journal. Thirteen committee members, including seven Republicans and six Democrats, approved the bill on May 15, a narrow majority of the 22 lawmakers on the committee.

 
May 21, 2014 12:30 PM

Report: Big Banks Improve Loan Servicing

A court-appointed monitor overseeing the $25 billion settlement between the nation’s five largest banks, 49 states and the U.S. Department of Justice issued a compliance report May 14 that said the banks are improving treatment of troubled borrowers, Bloomberg reported.

 
May 14, 2014 12:30 PM

Watt Unveils Major Shift in FHFA Housing Policies

In his first major policy statement, Federal Housing Finance Agency Director Mel Watt announced a shift in housing finance policies May 13 that signals a new strategic plan for Fannie Mae and Freddie Mac, CQ Roll Call reported.

 
May 14, 2014 12:30 PM

Key Democrats Reject Johnson-Crapo GSE Reform Bill

Four formerly undecided Senate Democrats announced that they would not support the Johnson-Crapo bill to reform the government-sponsored enterprises, Mortgage News Daily reported May 9. The bill’s co-author, Sen. Tim Johnson, D-S.D., had hoped to have 16 favorable votes in the Senate Finance Committee before bringing S 1217 before to the floor; the bill obtained only 12 “yes” votes on May 8 with six Republicans and six Democrats in favor of the legislation.

 
May 14, 2014 12:30 PM

Yellen: Housing Market Not Helping Economy

Federal Reserve Chair Janet Yellen told a joint congressional committee May 7 that the nation’s housing market has gone from boosting economic recovery to stalling it, HousingWire reported. Yellen said that the lack of growth in the first quarter was largely due to the housing market, which was impacted by bad weather.

 
May 07, 2014 12:30 PM

Congress Asked to Reinstate Land Conservation Tax Breaks

Supporters of an “enhanced” but expired federal tax deduction for landowners who donate property for conservation or preservation want Congress to reinstate it and make it permanent, CQ Roll Call reported May 2.

 
May 07, 2014 12:30 PM

GSEs May Require another Bailout if Recession Returns

If the nation faced another major economic downturn, Fannie Mae and Freddie Mac could require an additional taxpayer bailout of around $190 billion, according to stress test results released April 29 by the Federal Housing Finance Agency, Bloomberg reported.

 
May 07, 2014 12:30 PM

GAO: Lack of Foreclosure Reviews Led to $1.5 Billion Loss

If regulators had conducted a comprehensive review of bank foreclosure files, they could have netted an additional $1.5 billion in cash payments, the Government Accountability Office reported April 29, The Wall Street Journal reported.

 
Apr 30, 2014 12:30 PM

Vote on GSE Reform Bill Postponed

On April 29, the Senate Banking, Housing and Urban Affairs Committee postponed a vote on legislation to wind down Fannie Mae and Freddie Mac, a move that may reflect the difficulty the committee has had rounding up enough support for a vote in the full Senate, Reuters reported

 
Apr 30, 2014 12:30 PM

CFPB Announces Mortgage Closing Pilot Program

Richard Cordray, director of the Consumer Financial Protection Bureau, told the Mortgage Closing Forum in Washington, D.C., April 23, that his agency will launch an eClosing pilot project later this year that's designed to improve the closing experience for homebuyers, Mortgage News Daily reported. ​

 
 
Results: 93 Articles found.

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