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Items Tagged with 'Senate'


JPMorgan’s Dimon to Sen. Warren: Hit me with a fine. We can afford it

New afterword from Warren’s book reveals tense exchange
Ben Lane
It’s probably safe to say that of all the elected officials that walk the halls on Capitol Hill, Sen. Elizabeth Warren isn’t Wall Street’s favorite, but a newly released excerpt from Warren’s book “A Fighting Chance,” shows just how tense her interactions with Wall Street’s bigwigs can be.
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From HW Magazine

Senate flip

How much will Republicans actually do in the next two years?
HousingWire Staff
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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Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"
Trey Garrison
The Terrorism Risk Insurance Act is critical to the housing industry, and despite passing the House on a bipartisan vote, the Senate failed to reauthorize it before recessing. Here's what the industry has to say.
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Short sale tax break passes in House

Now on to the Senate
Ben Lane
According to a recent estimate from RealtyTrac, there have been more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total in the first three quarters of 2014 alone. All those borrowers will be facing massive tax bills if the bill doesn't pass in the Senate as well.
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Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
Ben Lane
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
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Senate votes Wednesday on confirming HUD head, FHFA IG

Castro, Werthheimer sworn in for last leg of Obama administration
The Senate Banking Committee will vote Wednesday at 10 a.m. on Julian Castro's nomination to be the next Secretary of Housing and Urban Development.
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Senate approves Fed vice chairman nominee

Brena Swanson
The Senate approved Stanley Fischer’s nomination to the Federal Reserve Board of Governors. However, a separate vote that is still unscheduled still must be held to confirm his appointment as vice chairman of the U.S. central bank.
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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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Senate delays Johnson-Crapo housing reform vote

MBA Stevens: Vote likely next week
Trey Garrison
The Senate Banking, Housing and Urban Affairs committee is kicking the housing reform can down the road a week or so, delaying a markup of the Johnson-Crapo housing reform measure to enable supporters to get a few more votes after a two-week recess.
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7 problems NAFCU, CUNA and ICBA have with Johnson-Crapo

Trade coalition says GSE reform favors big lenders
Trey Garrison
Three financial trade associations have issued a joint letter protesting the direction in housing finance reform as biased in favor of large lenders, and they list seven specific concerns they have about Johnson-Crapo.
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