Items Tagged with 'Senate'

ARTICLES

  • Prominent Senate Democrats want reversal of HUD policy on FHA mortgages for Dreamers

    Democrats move to guarantee government will back DACA mortgages
    A number of prominent Senate Democrats, including several who are running for president, want HUD to reverse the FHA's new policy of refusing to back mortgages for Deferred Action for Childhood Arrivals recipients. And the Senators also want to make sure that other government-backed loans are available to DACA recipients (also called Dreamers).
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  • Senate confirms Mark Calabria to lead FHFA

    Confirmed by a vote of 52-44
    The Senate confirmed the nomination of Mark Calabria to serve as the next director of the Federal Housing Finance Agency. The Senate voted 52-44 in favor of Calabria leading the agency, which oversees Freddie Mac and Fannie Mae.
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  • 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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