Articles Tagged with ''Jeb Hensarling''

Hensarling’s Hail Mary: Top Republican unveils sweeping bipartisan housing finance reform bill

Would wind down Fannie Mae and Freddie Mac, elevate Ginnie Mae
It’s now officially been 10 years since the government took Fannie Mae and Freddie Mac into conservatorship. And in that decade, an uneasy status quo has developed with Fannie and Freddie dominating the housing finance system, despite their limited capital bases and unresolved position as wards of the federal government. But if House Financial Services Committee Chairman Jeb Hensarling has anything to say about it in his final days in office, all of that uncertainty will soon be resolved.
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Hensarling: HUD has failed far too many for far too long

Congress debates effectiveness of HUD policies
Wednesday morning HUD Secretary Ben Carson appeared before the House Committee on Financial Services. During the hearing, House Financial Services Committee Chairman Rep. Jeb Hensarling stated that it’s hard not to conclude that HUD has failed far too many for far too long.
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Hensarling blames Watt for GSEs needing Treasury money, demands answers

Criticizes Watt for ordering Fannie, Freddie to contribute to Housing Trust Fund
One of the top Republicans in Congress lays the blame for Fannie Mae and Freddie Mac needing money from the government for the first time since 2012 not on the Republican tax plan’s reduction of the corporate tax rate, but rather, squarely at the feet of Federal Housing Finance Agency Director Mel Watt.
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Top Hensarling aide to become CFPB chief of staff

Becomes second Hensarling aide to take top job at CFPB
The Republican reshaping of the Consumer Financial Protection Bureau is set to take another step forward, as for the second time in a month, the Trump administration is installing a close aide of one of the CFPB’s chief critics to a top position at the agency.
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Trump picks Hensarling aide to help Mulvaney lead CFPB

Taps Brian Johnson to serve as senior advisor to acting director
While Democrats vow that they’re not ready to hand the leadership of the Consumer Financial Protection Bureau over to Mick Mulvaney without a fight, the Trump administration is moving forward with helping Mulvaney staff up in his new position.
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Hensarling: Health of FHA is “clear and present danger” to economy

House Financial Services Committee chairman calls for FHA reform
Never one to shy away from a strong opinion or colorful verbiage, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, said Wednesday that the financial health of the Federal Housing Administration poses a “clear and present danger to taxpayers, homebuyers and the U.S. economy.”
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GSE reform in 2018? Mortgage finance positions of power in Washington up for grabs

The changing of the guard
[Commentary] There’s a perfect storm going on in Washington D.C right now. Just as talks over housing finance reform start to move from a laughing matter to a serious topic of discussion, some of the biggest positions of power on Capitol Hill just opened up. Or, they’re about to be up for grabs. Here’s a quick pulse on all the changes.
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Investigation clears CFPB’s Cordray of election law violations

Cordray did not violate Hatch Act
President Donald Trump and other top Republicans may be debating the future of Consumer Financial Protection Bureau Director Richard Cordray, but one thing they won’t be able to hold over Cordray’s head is a violation of federal election laws. As it turns out, the Office of Special Counsel told Cordray last month that an investigation found “no evidence” that he violated the Hatch Act.
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Trump reportedly discussed firing Cordray while signing bill to kill CFPB arbitration rule

Broached subject in Oval Office meeting with House Reps., others
President Donald Trump reportedly discussed firing CFPB Director Richard Cordray with members of Congress this week while signing the resolution to repeal the regulator's controversial arbitration rule. The general consensus in the room? Cordray needs to go. But they can't do anything yet. Why? Ohio.
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