Last week the House Financial Services Committee passed H.R 2767, the Protecting American Taxpayers and Homeowners (PATH) Act, introduced by Rep Garrett (R-NJ). The vote of 30-27 was strongly along party lines with only two Republicans (Fitzpatrick (R-PA) and Miller (R-CA)) voting against the bill.
The Senate Banking Committee held a hearing last week on S. 1376, the "FHA Solvency Act of 2013," introduced by Senators Johnson (D-SD) and Crapo (R-ID). This bill provides promotes FHA’s financial solvency with common sense financial reforms, while still retaining FHA’s critical historic mission.
The Federal Emergency Management Agency has released a video that presents an overview of the Biggert-Waters Flood Insurance Reform Act of 2012 (BW12).
Last week the House Financial Services Committee held a hearing on the Protecting American Taxpayers and Homeowners (PATH) Act discussion draft, introduced by Chairman Hensarling (R-TX). The comprehensive discussion draft includes reforms to FHA, the GSEs, and the financial regulatory law known as the Dodd-Frank Act.
With NAR’s support, Senator Mary Landrieu (D-LA) successfully added a 1-year delay of “grandfathered” flood insurance rates to the Senate Homeland Security Appropriations Bill as approved by committee on July 18. The House-passed version also includes this provision. Next, the full Senate must vote on the measure.
The strength of the association comes from our joining together to overcome obstacles to our REALTOR® Party Values.
Housing posts a win in getting costly capital requirements removed from Federal Reserve's 972-page BASEL III rule.
Last week House Financial Services Chairman Hensarling (R-TX) introduced a comprehensive discussion draft on Housing Finance Reform. The draft bill, called the Protecting American Taxpayers and Homeowners (PATH) Act, includes reforms to FHA, the GSEs, and the financial regulatory law known as the Dodd-Frank Act.
The Obama administration is looking forward to a host of new environmental regulations that go far beyond the president's plans to issue new standards for greenhouse gas emissions from new and existing power plants.
The Federal Reserve has voted on a final Basel III rule that is significantly friendlier to residential housing finance than the earlier proposal.