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Results: 118 Articles found.
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 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

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 08, 2014 12:55 PM

Appraisal Institute Unveils New Certification Organization

The nation’s largest professional association of real estate appraisers today announced the formation of a new certification organization: the International Center for Valuation Certification.

 
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.

 
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

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.

 
Apr 30, 2014 12:30 PM

Report: Fracking Can Decrease Property Values by 15 Percent

In its "Oil and Gas Exploration for Mortgage Bankers" presentation, the law firm Ballard Spahr reported that fracking, which is the practice of accessing natural gas reserves from shale, can cause property values to decrease by as much as 15 percent, HousingWire reported April 22.

 
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: 118 Articles found.

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