Items Tagged with 'Congress'

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  • Apartment List: Housing legislation can't make it through Congress

    Out of 10,222 bills introduced so far this term, only 115 had to do with housing
    Out of the 10,222 bills introduced so far in the 115th Congress, only 115 of those had to do with housing and of those 115, not a one made it to the Oval Office. According to a report from Apartment List, despite growing national concern regarding the housing affordability crisis, what few potential solutions are being put forth, can’t make through Congress because they are not a priority.
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  • Multifamily industry takes Capitol Hill for regulatory reform

    NMHC, NAA, and industry heads met with Congress seeking regulatory, affordable housing crisis solutions
    Multifamily industry heads met with Congress to hash out regulatory burdens and affordability last week. The National Multifamily Housing Council, National Apartment Association, Gables Residential CEO Sue Ansel and others gathered on Capitol Hill to seek solutions to regulatory burdens imposed at the local, state and federal levels as well as potential solutions for the housing shortage that is fueling the affordability crisis.
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  • Mulvaney asks Congress to dramatically reduce CFPB’s independence

    Wants agency funded through Congress, new rules approved by Congress
    Mick Mulvaney continued his push to substantially alter the operations of a federal agency that he once called a “sick, sad joke” by asking Congress on Monday to significantly increase its oversight of the Consumer Financial Protection Bureau. In his first report to Congress as CFPB acting director, Mulvaney asked Congress to enact four major reforms that would considerably cut the CFPB’s independence.
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  • 113 congressional Republicans declare support for Mick Mulvaney as CFPB director

    File amicus brief in legal battle over bureau’s interim director
    Late last week, a group of 113 congressional Republicans declared their support for President Donald Trump’s authority to name Mick Mulvaney as the interim director of the Consumer Financial Protection Bureau. The Republicans argue that Leandra English's assertion that she should be leading the CFPB has no merit.
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  • Mortgage Choice Act approved by House of Representatives

    Bill to adjust TILA definition of points and fees passes House for third time
    The House of Representatives voted Thursday to pass the Mortgage Choice Act of 2017, which would adjust the Truth in Lending Act’s definitions of points and fees under the Ability to Repay/Qualified Mortgage rule. This is actually the third time that the House has passed a “Mortgage Choice Act” that contained similar provisions.
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  • Realtors urge Congress to support Mortgage Choice Act

    Would reduce regulatory burden for lenders affiliated with brokerages
    In a letter sent to Congress on Monday, the National Association of Realtors urged representatives to support the Mortgage Choice Act. The bill would adjust the Truth in Lending Act's definitions of points and fees under the Ability to Repay/Qualified Mortgage rule.
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  • From HW Magazine

    Time to get involved

    What the mortgage industry should do to influence the political process
    As professionals who earn a living in this industry, it’s our responsibility to let our voice be heard as important decisions are made that will shape the future of mortgage banking. The best policy is made when those of us who have the boots on the ground and work with consumers make our voice heard.
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