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  • HUD IG: Department’s Eight Year Delay Impacts FHA Fund by $15 Billion
    Sep 17, 2013 - Last week, the Oversight and Investigations Subcommittee questioned the Department of Housing and Urban Development's (HUD) Inspector General, David Montoya, about reducing waste, fraud, and abuse in the department’s housing programs. All totaled, the latest IG report identified more than $770 milli... More
  • Weekly Rundown
    Sep 16, 2013 - The House is in session Tuesday through Friday this week and the committee has two scheduled hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week. Here's what's happening: On Wednesday at 10 a.m. the Capital Mar... More
  • Sunday Video Message | Rep. Sean Duffy
    Sep 15, 2013 - Financial Institutions & Consumer Credit Subcommittee Vice Chairman Sean Duffy (Twitter | Facebook) delivers this week's Sunday Video Message on our recent hearing with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray and his own legislation to curb the CFPB's collection of Amer... More
  • CFPB Promises Answers, Fails to Deliver
    Sep 12, 2013 - Consumer Financial Protection Bureau Deputy Director Steve Antonakes appeared before the Subcommittee on Financial Institutions and Consumer Credit in July to discuss the CFPB’s data collection efforts. Below are just a few of the simple questions Mr. Antonakes was unprepared to answer: How much da... More
  • Weekly Rundown
    Sep 9, 2013 - Congress is back from the August District Work Period and in the Financial Services Committee, we're getting straight to work with three hearings in three days. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week. Here's... More
  • Hensarling in the House: Rep. Jeb Hensarling pushes housing reform center stage
    Sep 9, 2013 - House Financial Services Committee chairman talks U.S. housing reform By Kerri Ann Panchuk at Housing Wire Stepping in front of a hometown audience in Dallas, House Financial Services Committee Chairman Jeb Hensarling captured the local crowd with a simple joke: "Everything is bigger in Texas… exce... More
  • Chairman Hensarling: A taxpayer-friendly alternative to Fannie Mae and Freddie Mac
    Aug 28, 2013 - Chairman Hensarling Op-Ed | August 27, 2013 Soon we will mark the fifth anniversary of the financial crisis that wrecked our economy, left millions of Americans unemployed and from which we have yet to recover. From a public policy perspective, the great tragedy of the financial crisis was not that... More
  • Mortgage Makeover: It’s time to fix Fannie Mae, Freddie Mac
    Aug 19, 2013 - Editorial | August 16, 2013 It’s not often that Republican Rep. Jeb Hensarling of Dallas and President Barack Obama read from the same script. We’re pleased they are doing just that when it comes to clipping the wings of Fannie Mae and Freddie Mac. Fannie and Freddie were created to make sure that ... More
  • Weekend Must Reads
    Aug 17, 2013 - Sen. Phil Gramm and Mike Solon | The Clinton-Era Roots of the Financial Crisis Affordable-housing goals established in the 1990s led to a massive increase in risky, subprime mortgages. Caroline Baum | Krugman Tries to Bury Friedman, Buries Himself It’s good that Milton Friedman is dead, because for ... More
  • Chairman Hensarling Remarks on “The PATH Home” – How to Create a Sustainable Housing Finance System for America
    Aug 13, 2013 - Chairman Hensarling delivered the keynote address today at the Bipartisan Policy Center Housing Commission’s Regional Forum at the George W. Bush Presidential Center. Remarks as prepared for delivery: I want to thank the Bipartisan Policy Center for the work it has done on housing finance reform. I... More