Items Tagged with 'Democrats'

ARTICLES

  • Democrats move to prevent foreclosures, evictions on unpaid federal workers

    22 Democrats introduce legislation to protect federal workers
    There are approximately 800,000 federal workers who are either furloughed or working without pay thanks to the government shutdown. The FHA has already asked the mortgage industry to help those workers with their mortgages, but a group of nearly two dozen congressional Democrats want more protection than that.
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  • Democrats demand answers from HUD on whether DACA recipients are being denied FHA loans

    Sens. Menendez, Booker, Cortez Masto call reported policy "abhorrent"
    Three of the Senate's most prominent Democrats want to know if DACA recipients are being denied FHA loans. Sens. Bob Menendez, Cory Booker, and Catherine Cortez Masto sent a letter to HUD Secretary Ben Carson demanding that Carson clarify whether HUD now has a policy (officially or unofficially) to deny FHA loans to Dreamers.
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  • MBA lobbyist: Here's what a Democrat-led House means to us

    One expert offers insight on what the finance industry is saying
    On Tuesday night, Democrats reclaimed control of the House of Representatives, securing more than 200 seats across the country. As more Democrats head to the House, one expert predicts they will focus their efforts on protecting consumer interests and banking regulations.
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  • Housing industry welcomes new Congress

    Stress the need to keep focus on housing
    While some midterm elections were still too close to call as of Wednesday morning, it was clear that Democrats will take control of the House of Representatives and Republicans will keep the Senate, and now the housing industry is welcoming the new Congress.
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  • Democrats take control of the House

    Maxine Waters to lead Financial Services Committee?
    It’s official – Democrats took control of the House of Representatives. This will mean several changes to House committees including replacing current House Financial Services Committee Chairman Jeb Hensarling, R-Texas, who did not seek re-election this year. Now, Rep. Maxine Waters, D-Calif., could be stepping up to take his place.
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  • Waters introduces legislation to prevent FHA foreclosures

    Bill would strengthen FHA mortgage servicer requirements
    In an attempt to prevent foreclosures on the Federal Housing Administration’s borrowers, Democrats introduced a new bill in Congress. Democrats explained the new legislation would strengthen the requirements for and increase oversight of FHA mortgage servicers.
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  • CFPB Acting Director Mulvaney refuses to answer Democrats’ questions

    Tells Congress to change oversight requirements
    Mulvaney has made no secret of his own disapproval of how the Consumer Financial Protection Bureau is set up, once calling it a “sick, sad joke.” But now, he is trying his hand at forcing the Democrats to bring further accountability to the bureau by not answering congressional Democrats' questions about his operations because, in short, he doesn’t have to.
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  • Democrats call for increased funding for federal housing programs

    Call for forgiveness of national flood insurance programs
    Ranking Member of the House Financial Services Committee Maxine Waters, D-Calif., joined by the support of other Democratic members of Congress, sent several letters to congressional appropriators highlighting the importance of federal housing programs. The letters encouraged an increase in funding for certain housing programs and even debt forgiveness for the National Flood Insurance Program.
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