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Mortgage Politics and Legislation

President Obama news | Democrat news | Republican news

Last Updated March 26, 2015 4:49 PM Central

FHA Chief Being Replaced
A new official has been appointed to oversee the Federal Housing Administration -- though it won't be as Federal Housing Commissioner for the time being.

IN AG Opposing Bill to Cut Foreclosure Time
Pending legislation that would reduce the lengthy foreclosure process in the state of Indiana is being opposed by the state's attorney general.

Senate Bill Seeks to Ease Lending on Mfg Housing
A quartet of senators are behind a bill introduced this week that is intended to ease restrictions on financing manufactured homes.

Montana Bills Address State Supreme Court Decision
The GOP in Montana has submitted legislation intended to alleviate concerns by home loan servicers over a recent state Supreme Court decision. Some say the bills are bad for consumers.

FHFA Director Defends 97% to Lawmakers
The director of the Federal Housing Finance Agency faced criticism from House Republicans over the government-sponsored enterprises' 97 percent loan-to-value programs.

FHA Premiums Cut
Less than a month after Senate Democrats urged the Obama administration to cut mortgage insurance premiums on loans insured by the Federal Housing Administration, their wish has been granted.

Nearly $14 Billion in TARP Funds Used for Housing
While the government has earned more than $16 billion from its investments in banks during the financial crisis, housing programs have so far cost it nearly $14 billion.

Senate Democrats Urge HUD to Reduce M.I. Premiums
Democrats in the U.S. Senate are calling for a reduction in mortgage insurance premiums on government-insured loans.

Improvement in FHA MMIF Not Enough to Cut Premiums
The capital position of the Federal Housing Administration's insurance fund has improved but not enough to reduce mortgage insurance premiums.

Negative Equity Could Impact Florida Elections
Election outcomes in Central Florida are likely to be influenced by voters in distressed real estate markets who owe more than their homes are worth.

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Democrats Berate Fannie, Freddie Regulator
In an video that was apparently motivated by politics, Democratic congressmen and congresswomen are chronicled berating the former director of Fannie Mae's and Freddie Mac's regulator.
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