Articles Tagged with ''Jeb Hensarling''

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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Trump officially kills CFPB arbitration rule

Despite last-minute plea from CFPB Cordray to save the rule
The battle over the Consumer Financial Protection Bureau’s highly contested arbitration rule is finally over. President Donald Trump signed a resolution on Wednesday to officially revoke the rule. The arbitration rule is dead.
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House Financial Services Committee Chairman Jeb Hensarling not running for re-election

Prominent Texas Republican announces retirement from Congress
House Financial Services Committee Chairman Jeb Hensarling, R-Texas, will not run for re-election in 2018, the prominent Republican told his supporters on Tuesday. Hensarling may be on his way out of Congress, but he said Tuesday that he won’t stop working to further his agenda for the remainder of his term – including housing finance reform.
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MBA experts on GSE reform: Where does risk fall when it comes to reform?

Hint: It’s not the capital buffer
Fannie Mae and Freddie Mac are getting uneasily close to spending nearly a decade in conservatorship, with Sept. 6, 2008, officially marking 10 years. As conservations have slowly shifted from almost a joke to more of a serious possibility under the new administration, several experts at the Mortgage Bankers Association’s 2017 annual convention and expo weighed in on the probability reform and what lies ahead for reform.
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