The House Subcommittee on Housing and Insurance held a hearing titled “Homeownership and the Role of the Secondary Mortgage Market” to discuss the state of the government-sponsored enterprises Fanny Mae and Freddie Mac and their impact on homeownership.
The House Committee on Financial Services held a hearing in which the witnesses called to testify discussed the effects of inflation, housing supply deficits, downpayment standards and worker compensation on rising housing costs.
At the House Committee on Financial Services hearing on the annual report from the Financial Stability Oversight Council, chair Scott Bessent, also secretary of the U.S. Treasury, testified about the main priorities of the council including cyber security efforts and regulatory modernization.
The House Financial Services Housing and Insurance Subcommittee heard testimony about how manufactured and modular housing can impact the country’s affordable housing inventory.
The House Financial Services Committee’s hearing about how to balance accountability at the Consumer Financial Protection Bureau with its statutory mandates highlighted the stark division among legislators and regulators on this issue.
After the Senate confirmed Bill Pulte as the new director of the Federal Housing Finance Agency, Pulte published a series of responses to questions submitted by Senate Banking Committee Ranking Member Elizabeth Warren (D-Mass.) about housing affordability, the conservatorship of the government-sponsored enterprises, and his views regarding multiple legislative pieces.
A panel of expert witnesses testified to the House Financial Services Committee’s Subcommittee on Housing and Insurance on the complexities relating to the housing affordability crisis and the multifaceted strategies required to address it.
Jonathan McKernan, the Trump administration’s nominee to become the next permanent director of the Consumer Financial Protection Bureau, faced some unique lines of questioning during his confirmation hearing, including how he plans to lead an agency the administration seems to be trying to dismantle.
Scott Turner was confirmed as the new secretary of the U.S. Department of Housing and Urban Development by a 55-44 party-line Senate vote. Industry groups reacted to the news of President Donald Trump’s new cabinet member.
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