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Items Tagged with 'Johnson-Crapo'

ARTICLES

Housing won’t recover unless GSE, housing tax credit changes

BPC Summit: The status quo is only going to make things worse
Trey Garrison
The housing tax credit should be raised 50%, a balance must be struck between an affordable housing policy and restricting mortgage availability to qualified borrowers, and the GSE status quo cannot hold. All this, and more, is happening right now at the Bipartisan Policy Center housing forum in Sun Valley, Idaho.
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KBW: Plan to wind down GSEs will fail

Analysts say GSEs' survival chances keep improving
Ben Lane
KBW’s analysts predict that the Treasury will eventually shift its focus from winding down the GSEs to seeking to unwind its investment in the companies. But the analysts said that this shift could take several years.
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Senior Treasury official: Recapitalizing GSEs would take 20 years

Reiterates support for plan to wind down GSEs
Ben Lane
"Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least twenty years,” Treasury Under Secretary Mary Miller said. “During these 20 years, the taxpayer would remain at risk of having to bailout the GSEs during another downturn."
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Fix the GSEs, don’t end them, Rosner says at Investors Unite

“Too Big to Fail” banks are the new GSEs
Trey Garrison
Meaningful housing reform is possible in 2014 and doesn’t require Congressional action, renowned housing analyst and author Joshua Rosner told Investors Unite in Washington Tuesday morning.
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CFPB, housing take center stage in Congress

House, Senate both reviewing CFPB; Investors Unite converge
Trey Garrison
It’s going to be a busy morning in Washington D.C. on the housing front on Tuesday. And here's a preview of what's to come.
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MBA CEO: Future of housing held back by sick market

David Stevens says the status quo is not an option
Trey Garrison
The head of the Mortgage Bankers Association returned to a controversial term he used four years ago to describe the state of housing finance. Frustration over action — and inaction — in Washington last week was visible just beneath the surface of the remarks.
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What's next for Johnson-Crapo?

Industry reacts positively; opponents say it's DOA
Trey Garrison
With the GSE reform approval vote from the committee, the next move will be up to the Senate majority leader, who decides when or if to bring the bill to a vote in the full Senate. Reaction within the housing industry was largely positive.
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Johnson-Crapo reform bill voted to Senate floor

Opponents say GSE reform measure won't go farther
Trey Garrison
The Senate Committee on Banking, Housing, and Urban Affairs put its hand to the future of GSE reform Thursday, voting to report Johnson-Crapo out of committee and to the full Senate.
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Sen. Johnson: We'll reconvene on GSE reform Thursday

"Give my creation life?"
Trey Garrison
Senate Banking Committee Chairman Tim Johnson, D-S.D., announced Monday afternoon that his committee will reconvene in executive session to consider the Johnson-Crapo GSE reform bill, a move that could revive a bill many observers had thought dead.
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Monday Morning Cup of Coffee: FICO execs say borrower credit keeps improving

Spring selling still going slow
Ben Lane
It’s been said that we’re in a seller’s market right now, but it appears that some sellers may be taking that belief a little too far. Overpricing a home could drive away many potential buyers, especially those with limited credit access. Not all of us can get jumbo loans.
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