The creation of the platform is a foundational element for secondary mortgage market reform that provides flexibility but will still require policy makers to decide the goals and direction
of housing finance reform.
«An efficient and affordable restructured mortgage finance system is in the best interest of taxpayers, and to accomplish that, Congress must enact
comprehensive housing finance reform legislation.»
NAR President - Elect Moe Veissi outlined the association's recommendations
for housing finance reform before the House Financial Services Subcommittee on International Monetary Policy and Trade.
While discussing 2018
housing finance reform recently, specifically private mortgage insurance's role in helping homebuyers and protecting lenders and the...
No major
housing finance reform bills have been introduced during the 115th Congress; however, some believe the U.S. House Republicans will reintroduce a version of the PATH Act in late 2018 / early2018.
Here is a roundup of recent news in the housing finance industry, including USMI's release of its 2017 policy priorities and
housing finance reform principles, industry outreach to the Federal Housing Finance Agency (FHFA) on GSE activities, and the recent news of increases in Federal Housing Administration (FHA) mortgage delinquencies.
On Thursday, October 13, 2011, NAR 2011 President - Elect, Moe Veissi, outlined the Association's recommendations for
housing finance reform before the House Financial Services Subcommittee on International Monetary Policy and Trade.
«While it is ultimately up to lawmakers to provide an answer, in my opinion the main purpose in
addressing housing finance reform should be to promote the efficient provision of credit to finance mortgagees for single - family and multifamily housing.
The new year is less than a week old, but lawmakers are already rapidly running out of time if they want to forge ahead on key initiatives such
as housing finance reform in 2014.
As our county's leaders continue to
explore housing finance reform, it only makes sense for them to consider how they can leverage the private MI industry's inclusive and scalable business model.
The Corker - Warner Bill —
aka Housing Finance Reform and Taxpayer Protection Act — was introduced in late June of this year by Mark Warner, a Democrat, and Bob Corker, a Republican.
Regulatory Housing Finance Reform Since 2012, FHFA has directed the GSEs to begin working on efforts to reduce outstanding risk to the taxpayers and begin work on a new securitization infrastructure.
NAR supports the objectives of H.R. 1859, the «
Housing Finance Reform Act of 2011,» introduced last month by Reps. John Campbell (R - Calif.)
Housing Finance Reform NAR continues to meet with staff on the Senate Banking Committee with the goal of forming an industry coalition to discuss and reach a consensus on reform principles.
The agency states the Trump Administration is «seeking to stimulate the production and preservation of affordable housing... by
pursuing housing finance reform [to] unwind the federal government's role in the private mortgage market and ease the stress on rental markets.»
In my current capacity as Chairman of the Mortgage Bankers Association («MBA»), and having chaired MBA's GSE Reform Task Force over the past sixteen months, I have
concluded housing finance reform must incorporate three major priorities.
«REALTORS ® thank Reps. Miller and McCarthy for their dedication and work on this bill, and we look forward to working with Congress to ensure that comprehensive and
effective housing finance reform legislation is enacted.
WASHINGTON — U.S. Mortgage Insurers (USMI) Chairman and Mortgage Guaranty Insurance Corporation (MGIC) CEO Patrick Sinks today testified on behalf of USMI in front of the House Financial Services Committee's Subcommittee on Housing and Insurance in a hearing entitled «Sustainable Housing Finance: Private Sector Perspectives
on Housing Finance Reform, Part IV.»
While discussing 2018
housing finance reform recently, specifically private mortgage insurance's role in helping homebuyers and protecting lenders and the GSEs in the mortgage finance system, I was reminded of one of the most significant reasons MI is uniquely valuable: it is compatible with nearly every form of mortgage credit execution.
NAR sent two letters to the House of Representatives this week urging against cosponsoring Rep. Joe Hensarling's (R - TX)
housing finance reform bill, H.R. 2767, the Protecting American Taxpayers and Homeowners (PATH) Act.
In the ongoing debate
over housing finance reform, people have floated a variety of proposals aimed at solving the foreclosure problem and developing an improved securitization and finance system.
On Aug. 6, 2013, President Obama delivered a speech and released a fact sheet on the Administration's proposal
for housing finance reform.
To support these efforts, NAR submitted a written statement to the Senate Banking Committee hearing entitled «Principles
of Housing Finance Reform.»
David H. Stevens, president and CEO of the Mortgage Bankers Association (MBA), testified today before the U.S. Senate Committee on Banking, Housing and Urban Affairs at a hearing titled, «
Housing Finance Reform: Essential Elements of a Government Guarantee for Mortgage - Backed Secur
The 45 - minute meeting with Rep. Duncan touched on a number of issues: softwood lumber, labor shortages and the need for a guest worker program, the long - term renewal of the National Flood Insurance Program,
housing finance reform, and local growth and development.
WASHINGTON, D.C. (October 9, 2013)-- E.J. Burke, Chairman - Elect of the Mortgage Bankers Association (MBA), testified today before the U.S. Senate Committee on Banking, Housing and Urban Affairs at a hearing titled «
Housing Finance Reform: Essential Elements of the Multifamily
WASHINGTON, D.C. (November 5, 2013)-- Bill Cosgrove, CEO of Union Home Mortgage Corp. and Chairman - Elect of the Mortgage Bankers Association (MBA), testified today before the U.S. Senate Committee on Banking, Housing and Urban Affairs at a hearing titled, «
Housing Finance Reform:
He has stated that
housing finance reform, including an overhaul of the government sponsored entities, is a high priority.
Senate Banking Committee Chairman Tim Johnson (D - S.D.) and Ranking Member Mike Crapo (R - Idaho) recently announced they would hold a committee hearing on April 29 to mark up
their housing finance reform proposal, the Housing Finance Reform and Taxpayer Protection Act of 2014.
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.
Mary Miller, the Treasury Department's under secretary for domestic finance, on June 13 called on the Senate to pass NAHB - supported legislation (S. 1217,
the Housing Finance Reform and Taxpayer Protection Act of 2014) to revamp the nation's housing finance system to ensure that creditworthy borrowers will be able to access home mortgages.
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:
After Fannie Mae announced today that its fourth quarter earnings plummeted by two - thirds and CEO Tim Mayopoulos said that a lack of a capital cushion could trigger a future draw from the U.S. Treasury, NAHB Chairman Tom Woods issued the following statement calling on Congress to swiftly act on comprehensive
housing finance reform:
The U.S. - Canada softwood lumber trade dispute,
housing finance reform and tax - related housing issues were on the agenda when NAHB Senior Officers recently met with Treasury Secretary Steve Mnuchin in Washington, D.C.