Civil rights groups should back a bipartisan Senate effort to remake the nation’s housing finance system “despite its imperfections,” U.S. Housing and Urban Development Shaun Donovan said today.
As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.
Mary Jo White took over the Securities and Exchange Commission with a back-to-basics plan to toughen enforcement and clear a backlog of regulations aimed at the last financial crisis.
Fannie Mae is selling more of its foreclosed properties to investors as prices rise, limiting homebuyers’ access to cheap housing.
A bipartisan group of U.S. senators has agreed on legislation to extend the government’s financial backstop of terrorism insurance for seven years.
Senator Sherrod Brown said a comprehensive revamp of the U.S. housing finance system won’t become law this year and called for simpler changes to Fannie Mae and Freddie Mac.
Efforts to overhaul the U.S. housing-finance system could hinge on how far Congress is willing to go to ensure that young, low-income and minority homebuyers can get mortgages.
The apartment-lending units of Fannie Mae and Freddie Mac were among their few money makers after the U.S. housing collapse. Now they should help transform the U.S. mortgage industry.
U.S. senators voted to revive more than 50 lapsed tax breaks, working across party lines to back a measure that benefits wind energy, multinational corporations and motor sports tracks.
A U.S. Senate plan to dismantle Fannie Mae and Freddie Mac may deliver an unintended blow to a fragile housing recovery.
"Mary Jo White is much more strongly committed to building the consensus and bringing the SEC to resolution on decisions."
- Mike Crapo on Apr 11, 2014