Items Tagged with 'Senate'

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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  • Senate votes to advance Kathy Kraninger as next CFPB director

    Kraninger's confirmation nearly complete
    Voting along party lines, the Senate voted Thursday to close the debate and move forward with the nomination of Kathy Kraninger to serve as director of the Consumer Financial Protection Bureau. The procedural vote sets up an official confirmation vote, which should occur in the next few days.
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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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  • 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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  • Bipartisan push begins in Senate to expand mortgage access for self-employed borrowers

    Self-Employed Mortgage Access Act introduced
    Ever since the Qualified Mortgage rule went into effect a few years ago, borrowers who don’t have a traditional source of income have had a hard time getting a mortgage. Well, a bipartisan push is underway in the Senate that could change that. Late Tuesday, Sens. Mark Warner, D-Virginia, and Mike Rounds, R-South Dakota, announced they are introducing legislation designed to make it easier for self-employed borrowers to get a mortgage.
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