NCSHA Blogs
FHFA Director Watt Testifies Before Senate Banking Committee
The Federal Housing Finance Agency (FHFA) will soon propose capital requirements for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, FHFA Director Mel Watt told the Senate Banking Committee during a May 23 hearing.
House Passes Financial Regulatory Reform Bill
The U.S. House of Representatives on May 22 passed legislation, the “Economic Growth, Regulatory Relief, and Consumer Protection Act” (S. 2155), that amends federal banking law and financial regulations.
Senate Confirms Brian Montgomery to Be FHA Commissioner
The Senate today voted to confirm Brian Montgomery’s nomination to serve as Commissioner of the Federal Housing Administration (FHA) and HUD Assistant Secretary for Housing.
Fannie Mae Study Demonstrates Strong Performance of HFA Homeownership Loans
Single-family loans originated through state HFA programs perform substantially better than similar loans to low- and moderate-income (LMI) borrowers, according to a working paper published last week by Fannie Mae.
Joint Economic Committee hearing on the “Promise of Opportunity Zones”
On May 17, the congressional Joint Economic Committee (JEC) held a hearing to consider the potential positive impacts that Opportunity Zones tax incentives, enacted in the Tax Cuts and Jobs Act of 2017, could have for low-income communities.
House Financial Services Subcommittee Examines the State of Homelessness in America
On May 17, the House Financial Services Subcommittee on Housing and Insurance held a hearing titled, “An Overview of Homelessness in America,” to examine homelessness and federal, state, and local efforts to reduce it.
Representatives Duffy and Cleaver Introduce Voucher Mobility Demonstration Bill
On May 16, House Financial Services Housing and Insurance Subcommittee Chairman Sean Duffy (R-WI) and Ranking Member Emanuel Cleaver (D-MO) introduced the Housing Choice Voucher Mobility Demonstration Act of 2018, HR 5793.
After Increases in FY 2018, House Subcommittee Flat-Funds Most HUD Programs and Cuts HOME in FY 2019
On May 16, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) approved its Fiscal Year (FY) 2019 funding bill, which provides $43.6 billion in total net discretionary spending for HUD programs, $941 million more than the FY 2018 enacted level and $11.9 billion more than the Administration’s FY 2019 budget request.
Administration Nominates Michael Bright to be Ginnie Mae President
On May 15, the Trump Administration announced its nomination of Michael Bright to serve as the President of the Government National Mortgage Association (Ginnie Mae).
