In Case You Missed It

American Banker: Republicans Hammer Castro Over FHA Premium Reduction "Don't you care about those people? Are you so inclined to write more loans that you are just trying to entice them for $20 or $30 to get into a house that they can't afford?" "This is what brought us to this crisis in the first place and you are going down the exact same road." - Subcommittee Chairman Scott… Read more »

During yesterday’s hearing with the secretary of Housing and Urban Development, members of the Financial Services Committee continually raised concerns that misguided Washington policies are hurting taxpayers and homebuyers by putting them into homes they can’t afford to keep.  The Federal Housing Administration (FHA) is today using many of the same practices employed by subprime… Read more »

Financial Services subcommittee chairmen Rep. Bill Huizenga (R-MI) and Rep. Scott Garrett (R-NJ) raised concerns with Housing and Urban Development Secretary Julian Castro that FHA practices are putting taxpayers and homebuyers at… Read more »

House Financial Services Committee Chairman Jeb Hensarling (R-TX) appeared on C-SPAN’s Newsmakers this past Sunday to discuss his thoughts on the President’s State of the Union speech, fundamental tax reform, the economy, and the need for Congress to pass sustainable housing finance reform. You can watch the entire interview by clicking below. Excerpts that may be of interest: Tax… Read more »

January 20, 2015   The Federal Housing Administration’s risky move to lower premiums By The Washington Post Editorial Board January 16 Contrary to many confident predictions by its leadership, the Federal Housing Administration needed a $1.7 billion federal bailout in September 2013, the first time in its history that the agency, which… Read more »

LINK TO THE STORY A top Republican lawmaker on Monday urged the U.S. Consumer Financial Protection Bureau to abandon the renovation of its Washington building and find cheaper office space, a sign critics intend to keep up scrutiny of the agency this year.   House Financial Services Committee Chairman Jeb Hensarling said in a letter to bureau Director Richard Cordray that… Read more »

  CLICK HERE TO READ By Rep. Jeb Hensarling The threat posed by radical Islam once again commands the nation's attention at the same time Congress debates whether to re-extend a never-used terrorism-risk insurance program that was supposed to expire nine years ago. The 2002 Terrorism Risk… Read more »

   GAO: CFPB Should Take Steps to Protect Consumer Data Collected From Banks “The data collection is the latest flash point between the three-year-old bureau and its critics, including Republican lawmakers, who say the agency is overstepping its authority. Republicans and business… Read more »

  CLICK HERE TO READ  August 21, 2014 Editorial Should the government help pay for Americans to rebuild after big terrorist attacks? If so, how much? Congress is in the process of answering these questions. Since 2002, the federal government has provided a financial backstop for private terrorism insurance policies, promising public money to offset losses after large,… Read more »

Officials with the Export-Import Bank have embarked on a 10-state promotional tour this month. And according to The Hill, “Officials with the Export-Import Bank have exceeded their travel budget over the last three years by $3 million.” (“Ex-Im Busts Travel Budget by $3M” the headline reads).  “Much of the recent travel appears designed to build public support for the bank,” The… Read more »