Congress

Cordray Barred From House Testimony
   A scheduled House Financial Services Committee Hearing to accept the semi-annual report of the fledgling Consumer Financial Protection Bureau is abruptly cancelled after the committee refuses to host CFPB Director Richard Cordray.
posted 4/23/13 6:28 PM  read complete story

Housing Legislation Calendar Ramps Up
   Several bills involving housing and banking industry issues have been dropped in the House and Senate hoppers, among them an FHA emergency bill to tackle the Federal Housing Administration’s money woes.
posted 3/22/13 10:10 AM  read complete story

House Caucus Renews Ouster Effort
   A group of 45 House Democrats, including members of the Progressive Caucus, renew an attempt to prod President Barack Obama to replace Edward DeMarco, head of the Federal Housing Finance Agency.
posted 2/8/13 10:42 AM  read complete story

Cordray Named To Fixed CFPB Post
   A move by President Barack Obama to nominate Richard Cordray to a permanent post as director of the Consumer Financial Protection Bureau is expected to trigger a partisan clash in the Senate. But the clash may be muted.
posted 1/24/13 6:53 PM  read complete story

Senate GOP Stalls FHA Solvency Bill
   A measure crafted in the House to help ease the Federal Housing Administration’s financial problems is stalled by Republicans in the Senate despite a bi-partisan effort to move the legislation before the end of the year. HR 4264, the proposed FHA Emergency Solvency Act, cleared the House overwhelmingly.
posted 12/21/12 09:29 AM  read complete story

Money Scramble For Disaster Recovery
   With the Federal Emergency Management Agency telling Congress it has only $4 billion left to aid victims of Hurricane Sandy and any other emergency the nation faces, and Eastern state governors saying they need at least $82 billion to recover from Hurricane Sandy, the White House is crafting a $50 billion supplemental appropriations proposal to
posted 12/5/12 4:34 PM  read complete story

Committee Musical Chairs For Senate GOP
   Lenders, lobbies, and housing industry officials play the waiting game to see how shifts in Senate committees shake out for the housing market. The biggest shift is Sen. Richard Shelby (R-AL) who departs from his long-time role as ranking Republican on the Banking Committee (chairman from 2003 through 2006).
posted 11/14/12 4:42 PM  read complete story

Few Shifts On Major Housing Panels
   With Republicans continuing to hold a significant majority in the House, expect few changes in housing-related committee and subcommittee lineups in the next Congress. But the paucity of change belies the major impact those changes likely will make.
posted 11/13/12 4:59 PM  read complete story

Senate Likely To Act On FHA Solvency
   Senate leaders indicate the proposed Federal Housing Administration Fiscal Solvency Act may be considered when Congress returns in November for a lame-duck session. The measure, HR 4264 was approved by a 402-7 vote in the House before lawmakers recessed for the elections.
posted 9/28/12 10:22 AM  read complete story

Builders Fault Drywall Restriction Bill
   A move to ram contaminated drywall legislation through Congress is targeted by the National Association of Home Builders. The trade group accuses lawmakers of trying to stealth the measure, HR 4212, without providing an opportunity for public debate.
posted 9/21/12 10:36 AM  read complete story