This is why you can't blame Millennials for low homeownership rates

Bill to eliminate $6M raise for Fannie, Freddie CEOs passes House Committee 57-1

Growing bipartisan support means passage likelier

Pending home sales drop for the first time in 2015

May level down 1.8% on low inventory, escalating prices
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Items Tagged with 'Jeb Hensarling'

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From HW Magazine

CFPB Watch: Congress fights for control

The Senate joins the House in trying to exercise oversight
“The CFPB undoubtedly remains the single most powerful and least accountable Federal agency in all of Washington,” Jeb Hensarling said. “When it comes to the credit cards, auto loans and mortgages of hardworking taxpayers, the CFPB has unbridled, discretionary power not only to make those less available and more expensive, but to absolutely take them away.”
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From HW Magazine

Senate flip

How much will Republicans actually do in the next two years?
Some economists believe the Republican sweep of both the Senate and House will reduce gridlock, increase pro-business legislation, and perhaps even lead to tax and immigration reform. One thing’s for certain — Democratic efforts to raise the minimum wage are now dead in the water.
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The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
Almost six years into conservatorship and barely any progress has been made to reform Fannie Mae and Freddie Mac or create a new housing system. But before reform can even happen, the Urban Institute said these 10 design issues need to be addressed.
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Sparks fly as House GOP grills Cordray on CFPB

Compares National Mortgage Database to NSA spying
They pulled off the kid gloves and the boxing gloves at the House Financial Services Committee, going full-on brass knuckles on the Consumer Financial Protection Bureau and its director, who was there to give his semi-annual report to Congress. Republicans targeted the CFPB, and the Democrats targeted Republicans.
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Financial Services Committee can't get past CFPB debate

Waters: "We should not cut off the ability of the CFPB..."
Despite a lot of topics on the plate of the Financial Services Committee to debate, they could not seem to get away from the discussion of the Consumer Financial Protection Bureau. This being just one of the several topics discussed.
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Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
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Hensarling: “We are headed for a debt crisis”

Regulators heighten attention on national debt
The nation is headed on a destructive path to an overwhelming pile of national debt, Financial Services Committee chairman Jeb Hensarling, R-TX, said during the first hearing in a series planned to focus on attention on the impact of the nation’s debt on the economy.
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FHA caught between a rock and a hard place

Republicans, Democrats and mortgage professionals can't agree on the FHA
The FHA is caught between warring interests. On one hand any reduction in its mortgage insurance abilities is questioned -- even though other parties want it done to bring back more private capital.
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