Tag: housing finance reform

A Positive Development on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on December 7, 2017 0 Comments
A Positive Development on Housing Finance Reform

House Financial Services Committee Chairman Jeb Hensarling spoke out yesterday on the need to enact comprehensive housing finance reform and acknowledged that a final package would likely contain some kind of federal backstop.

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House Passes Bill to Ease Banking Regulations

Filed in Capitol Hill, Codes and Regulations by on June 9, 2017 0 Comments
House Passes Bill to Ease Banking Regulations

The House yesterday passed legislation that would address challenging credit conditions that home builders and home buyers continue to experience as a result of strict regulatory restraints imposed following the 2008 financial crisis.

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Treasury Secretary Testifies Before Senate Banking Committee

Filed in Capitol Hill, Housing Finance by on May 19, 2017 0 Comments
Treasury Secretary Testifies Before Senate Banking Committee

Treasury Secretary Steven Mnuchin testified on May 18 before the Senate Banking Committee and discussed a broad range of topics of interest to the home building community. View the key issues from the two-hour Q&A session before the Senate panel.

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NAHB Chief Lobbyist Participates in Housing Finance Reform Roundtable

Filed in Capitol Hill by on March 24, 2017 1 Comment

NAHB Chief Lobbyist Jim Tobin was among a few industry leaders who participated in a housing finance roundtable today organized by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio).

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Mnuchin Opposes Recap and Release of Fannie and Freddie

Filed in Capitol Hill, Housing Finance by on January 24, 2017 0 Comments
Mnuchin Opposes Recap and Release of Fannie and Freddie

Steve Mnuchin, President Trump’s pick to be Treasury secretary, said that he opposed a “recap and release” plan for Fannie Mae and Freddie Mac during his Senate confirmation hearing on Jan. 19.

Recap and release would mean recapitalizing Fannie Mae and Freddie Mac and then releasing the two mortgage giants from government control.

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Fix Our Housing Finance System

Filed in Housing Finance, Leadership by on May 10, 2016 2 Comments
Fix Our Housing Finance System

Columnist George F. Will recently penned an op-ed in The Washington Post declaring that Freddie Mac and Fannie Mae shareholders were receiving a raw deal from the federal government.

In a letter to the editor published on May 10, NAHB Chairman Ed Brady responded that taxpayers – not shareholders or hedge fund managers who invested in Fannie and Freddie – should be the focal point and that the real issue is the urgent need to fix our nation’s housing finance system.

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Freddie Mac Quarterly Loss Highlights Urgent Need for Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on May 3, 2016 1 Comment
Freddie Mac Quarterly Loss Highlights Urgent Need for Housing Finance Reform

Freddie Mac today reported a first-quarter loss of $354 million, but it will escape having to draw on its government line of credit because the company’s net worth stood at $1 billion as of March 31.

Noting the close call to American taxpayers, NAHB Chairman Ed Brady issued the following statement that this should serve as an urgent wake-up call to policymakers to quickly pass comprehensive housing finance reform:

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GSE Reform Needed Now, New Paper Says

Filed in Codes and Regulations, Housing Finance by on March 23, 2016 0 Comments
GSE Reform Needed Now, New Paper Says

A group of noted housing economists today released A More Promising Road to GSE Reform, which suggests fixes to the housing finance system that echo a number of NAHB’s own proposals released in a white paper last year.

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A Renewed Push for Housing Finance Reform

Filed in Housing Finance by on September 10, 2015 0 Comments
A Renewed Push for Housing Finance Reform

In an effort to advance housing finance reform that will provide certainty and stability to the nation’s financial markets and promote job and economic growth, NAHB has updated its 2012 white paper on this topic.

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Congress Must Act on Housing Finance Reform

Filed in Housing Finance, Leadership by on August 4, 2015 0 Comments
Congress Must Act on Housing Finance Reform

When the New York Times suggested in a July 20 op-ed (“Our Doddering Mortgage Zombies,”) that moving Fannie Mae and Freddie Mac out of conservatorship was the best way to mend the U.S. housing finance system, NAHB Chairman Tom Woods fired back that more needs to be done and that “it’s time for Congress to step up to the plate.”

View Tom’s response, published in the Aug. 3 edition of the New York Times.

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