The U.S. Department of Treasury is considering policy options to help lower the cost of HFA loans originated through the FHA-HFA Risk-Sharing program, Mary Miller, Treasury Under Secretary for Domestic Finance, said in a speech delivered to the National Housing Conference’s Annual Policy Symposium last week. Miller also touted several initiatives the Obama Administration has taken to revitalize the housing market and promote access to affordable housing options and called on policymakers to continue working on comprehensive housing finance reform.
On June 17, San Antonio Mayor Julian Castro, President Obama's nominee for HUD Secretary, appeared before the Senate Banking Committee and answered questions about his plans for HUD. During the hearing, Senators asked Castro about housing finance reform and the soundness of the Federal Housing Administration's (FHA) finances.
Last week, HUD Secretary Shaun Donovan testified at two confirmation hearings held by the two Senate committees with jurisdiction over his nomination as the next Office of Management and Budget (OMB) Director. Donovan was nominated by President Obama on May 22.
On June 10, the House passed by a vote of 229 to 192 its FY 2015 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) appropriations bill, H.R. 4745. A number of housing-related amendments were offered during consideration of the bill.
The Senate Appropriations Committee earlier today released the bill text and accompanying report for the FY 2015 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) appropriations bill, S. 2438, it approved on June 5.
The Federal Housing Finance Agency (FHFA) released yesterday a Request for Input soliciting comments on the guarantee fees (g-fees) that Fannie Mae and Freddie Mac charge lenders in exchange for insuring single-family mortgage loans. This request follows up on FHFA Director Mel Watt’s announcement in January that he would suspend indefinitely g-fee increases that were scheduled to occur in March. The increases were approved by Watt predecessor Ed DeMarco. Watt said he needed more time to study the issue.
Earlier today, the Senate Appropriations Committee approved by a vote of 29 to one the FY 2015 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) appropriations bill. The bill includes $45.8 billion in funding for HUD programs.
On June 3, the Senate Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Subcommittee reported its FY 2015 funding bill by voice vote. The full Senate Appropriations Committee will consider the bill on June 5.
On May 29, the House Appropriations Committee reported by a vote of 31 to 18 the FY 2015 Agriculture-Rural Development funding bill, which provides funding for the Department of Agriculture’s (USDA) rural housing programs.
On May 21, the U.S Department of Agriculture (USDA) announced the availability of up to $150 million in Section 538 Guaranteed Rural Rental Housing Program (GRRHP) loan guarantee authority to help increase the supply of affordable rural rental housing.
On May 23, the Senate Appropriations Committee released the bill text and accompanying report for the FY 2015 Agriculture-Rural Development funding bill, which provides funding for the Department of Agriculture’s (USDA) rural housing programs. The Committee approved the bill on May 22.
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