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  • FHA will not cut mortgage insurance premiums

    The Federal Housing Administration released details on the health of its flagship Mutual Mortgage Insurance Fund on Thursday, revealing a positive economic net worth of $34.86 billion and an acceptable ratio of capital reserves at 2.76%. The numbers are markedly better than last year, but FHA Commissioner Brian Montgomery said that doesn’t mean the agency will be reducing mortgage insurance premiums any time soon. Click the headline to read more.

Items Tagged with 'Senate Finance Committee'

ARTICLES

  • Senate Finance Committee just passed its own, major tax overhaul

    Sets date for full Senate vote
    After a week of marking up its tax reform plan, the Senate Finance Committee passed the bill, sending it to the full Senate to vote on. The bill will keep the current mortgage interest deduction cap at $1 million, however has drawn fire from the housing industry for doubling the standard deduction.
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  • Senate Finance Committee also wants answers on Equifax data breach

    Congressional inquiries now open in House and Senate
    Equifax is now facing inquiries into its massive data breach from both houses of Congress. Last week, the House Financial Services Committee launched an investigation into the breach at the credit reporting agency. Now, the leaders of the Senate Finance Committee want answers too.
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  • Democrats declare opposition to Mnuchin, delay confirmation vote

    Top Democrats speak out about Trump Treasury nominee
    The Senate Finance Committee planned to meet Monday evening to vote on the confirmation of Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury. But that vote didn't happen. Senate Democrats instead moved to delay the vote, while other party leaders declared their opposition to Mnuchin as Treasury Secretary.
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  • Trump's Treasury pick defends past foreclosure practices at Senate hearing

    Senators extensively examine mortgage servicing history
    Treasury Secretary nominee sat through his confirmation hearing today as members of the Senate Finance Committee questioned him on his ability for the role. While the questions covered a wide variety of topics, senators focused the majority of their time on one subject – Mnuchin’s time at OneWest Bank.
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  • Democrats want "victims of Mnuchin foreclosure machine" to testify at Treasury nominee hearing

    25 senators call for OneWest customers to speak at Mnuchin's hearing
    Senate Democrats recently began collecting complaints from consumers about Steve Mnuchin and OneWest Bank in preparation for Mnuchin’s confirmation hearing to serve as the next Secretary of the Department of the Treasury. What wasn’t known at the time is what exactly the Democrats planned to do with those complaints. But Friday, the Democrats showed their hand, asking the leadership of the Senate Committee on Finance to allow “victims of Mnuchin foreclosure machine” to testify at Mnuchin’s confirmation hearing.
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