Housing Finance Reform

Waters Outlines Agenda in First Policy Speech as Committee Chairwoman

| Posted in Press Releases

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, delivered the following remarks during her first policy speech in the 116th Congress: As Prepared for Delivery Thank you for the very warm welcome, and to the Center for American Progress for holding this event. CAP’s research and policy work are highly respected and a valued resource for Members of... Read more »

Waters Outlines Democratic Priorities during Oversight Markup

| Posted in Press Releases

In remarks at the Financial Services Committee markup of its Oversight Plan, which is required by House rules to outline Committee work during the 114th session of Congress, Ranking Member Maxine Waters underscored some of her top priorities for the coming two years. Acknowledging a modest departure from the more contentious oversight plan of the 113th Congress, the Ranking Member highlighted area... Read more »

Waters Lauds Action to Lower FHA Premiums

| Posted in Press Releases

Following President Obama’s announcement that the Federal Housing Administration (FHA) will reduce annual mortgage insurance premiums, Congresswoman Maxine Waters (D-CA), Ranking Member of the Financial Services Committee, praised the action as critical for the nation’s homebuyers. In October, 2014, Waters and Rep. Michael Capuano (D-MA), Ranking Member of the Subcommittee on Housing and Insurance... Read more »

How Waters' Bill Could Shift GSE Debate

| Posted in In Case You Missed It

WASHINGTON — Rep. Maxine Waters' plan to let banks control a sole entity to issue government-backed mortgage securities is dead-on-arrival, but her proposal still significantly alters the housing reform debate. A different housing finance bill in the Senate — which envisions private-market competition for securitizing loans — has greater bipartisan support and is scheduled for a Banking Committee ... Read more »

Waters Unveils Housing Finance Reform Legislation

| Posted in Press Releases

Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released a comprehensive legislative proposal to reform the housing finance market. Known as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, the legislation ends Fannie Mae and Freddie Mac, and creates a new, cooperative-owned securities issuer. For months, Waters has been working with he... Read more »

Waters Offers Her Own Housing Overhaul

| Posted in In Case You Missed It

A top House Democrat has offered her own take on overhauling the mortgage market, introducing legislation as Congress begins to move toward comprehensive legislation. Rep. Maxine Waters (D-Calif.) unveiled her spin on the bipartisan priority Thursday, dubbing it the Housing Opportunities Move the Economy Forward Act. “Reforming a 10 trillion dollar housing finance market is an immense undertaking ... Read more »

Waters Releases GSE Reform Bill to Unwind Fannie, Freddie

| Posted in In Case You Missed It

WASHINGTON — Rep. Maxine Waters, D-Calif., unveiled a new plan Thursday to overhaul the housing finance market, entering what's becoming a crowded field of proposals to restructure the mortgage system. The discussion draft, titled the Housing Opportunities Move the Economy Forward Act, would unwind Fannie Mae and Freddie Mac, like many of the competing plans in both the House and Senate. Unlike th... Read more »

Proposed Housing Bill Would Create a Co-op of Mortgage Lenders

| Posted in In Case You Missed It

Yet another proposal for winding down Fannie Mae and Freddie Mac and overhauling the nation’s housing finance system will be put before Congress on Thursday, this one by Representative Maxine Waters of California, the ranking Democratic member of the Financial Services Committee. The major distinction of Ms. Waters’s proposal is that it would make the mortgage lending system more like a public uti... Read more »

Waters Applauds Senate Progress on Housing Finance Reform

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Congresswoman Maxine Waters (D-CA), Ranking Member of the House Financial Services Committee, today applauded Senators Tim Johnson (D-SD) and Mike Crapo (R-ID) for reaching agreement on an effort to reform the housing finance system. She released the following statement: “I am encouraged by the news that Senators Johnson and Crapo have reached agreement on principles for the reform of Fannie Mae a... Read more »

Maxine Waters Places Housing Reform on Chopping Block

| Posted in In Case You Missed It

Calls for principal reduction, more equal access to market After several critical years in the wake of the housing meltdown, the market recovery is continue to take shape. However, the recovery could be much stronger if housing reform sees immediate action, specifically the pursuit of more widespread principal reduction, which would provide the best return for taxpayers, argues Rep. Maxine Waters,... Read more »

New GSE Proposals Could Splinter House GOP

| Posted in In Case You Missed It

WASHINGTON — With the leading House Republican plan to overhaul the mortgage finance market stuck in limbo, several Democrats have begun work on alternative proposals that could further divide support for the GOP bill. Rep. Jeb Hensarling, chairman of the House Financial Services Committee, introduced his legislation to unwind Fannie Mae and Freddie Mac and remove a government backstop from the ma... Read more »

New Effort to Reform US Mortgage Banks

| Posted in In Case You Missed It

A third bill will be introduced to the US Congress to tackle the last major remnant of the financial crisis: reform of the mortgage giants Fannie Mae and Freddie Mac. Maxine Waters, the top Democrat on the House Financial Services Committee, is the latest lawmaker to put forward a plan to overhaul Fannie and Freddie. The final version will probably reflect a combination of at least two of the prop... Read more »

Ranking Member Waters’ Statement on President Obama’s Housing Finance Reform Plan

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today released the following statement in response to President Barack Obama’s speech outlining his plan for housing finance reform in Phoenix. “I’m pleased that the President is making housing finance reform a top priority, and has outlined an approach that is consistent with our recently-released House Financi... Read more »

Waters Responds to Committee Passage of Bill to End Affordable 30-Year-Fixed Rate Mortgage

| Posted in Press Releases

Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named “Protecting American Taxpayers and Homeowners Act” or “PATH Act” (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market. Ho... Read more »

Financial Services Democrats Release Principles on Housing Finance Reform

| Posted in Press Releases

House Democrats, led by Financial Services Committee Ranking Member Maxine Waters, today released a “set of critical core principles” they believe should be part of legislative efforts to address the future of housing finance reform. Since the beginning of the 113th Congress, Democrats on the Financial Services Committee have held a series of briefings, roundtables, and caucuses on housing finance... Read more »

Ranking Member Waters' Opening Statement on the Republican "PATH to Nowhere Act”

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, delivered the following opening statement at today's full Committee hearing. The hearing, entitled, “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System,” examined draft legislation proposed by Republicans to “reform” our nation’s housing finance s... Read more »

Ranking Member Waters’ Statement on Republican Housing Finance Reform Proposal

| Posted in Press Releases

Today, in response to Financial Services Chairman Jeb Hensarling’s release of a proposal to reform the nation’s housing finance system, Financial Services Committee Ranking Member Maxine Waters released the following statement: “I am strongly disappointed in the Chairman’s legislation, which is little more than an attempt to reinvent America’s housing finance system using the same kind of right-wi... Read more »

Waters Hosts Members, Industry Leaders for GSE Reform Roundtable

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, convened her second bipartisan panel this morning on Capitol Hill to discuss various proposals for reform of the Government-Sponsored Enterprises and the secondary mortgage market. Today’s discussion, builds on the April session by providing an opportunity for industry stakeholders to share their point of view o... Read more »

*Media Advisory* - Waters to Host Second Panel Discussion on Future of GSEs and Secondary Mortgage Market

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, will moderate her second bipartisan panel discussion on plans to reform the nation’s secondary mortgage market. The panel discussion will be held on Friday, June 28th on Capitol Hill. In April, Ranking Member Waters hosted the first in a series of panel discussions on the topic of how to best provide safe, decen... Read more »

Ranking Member Waters’ Statement on Housing Finance Models, Expresses Concerns about Republican Priorities

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, made the following opening statement today at the full committee hearing, titled “Beyond the GSEs: Examples of Successful Housing Finance Models without Explicit Government Guarantees.” Ranking Member Waters in her statement reveals “that while other countries may invest fewer resources in homeownership than the... Read more »

Waters: The Real Impediment to Private Capital is Inaction on Secondary Mortgage Market Reform

| Posted in Press Releases

In her opening statement today at a hearing of the House Committee on Financial Services, Congresswoman Maxine Waters, Ranking Member of the Committee, contested the notion that regulatory oversight is an impediment to recovery in the housing finance market. The title of the hearing called by the Republican majority is “Building a Sustainable Housing Finance System: Examining Regulatory Impediment... Read more »

Waters Convenes Panel to Jumpstart Discussion on GSE Reform

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, convened a bipartisan panel this morning on Capitol Hill to discuss various proposals for reform of the Government-Sponsored Enterprises and the secondary mortgage market. “The goal of this panel is to emphasize the imperative for reform, inform our members, and hopefully spur the Financial Services Committee to... Read more »

Waters to Host Panel Discussion on Future of GSEs

| Posted in Press Releases

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, will moderate a bipartisan panel discussion on plans to reform the nation’s secondary mortgage market. The discussion will consider the lingering challenges facing the housing market, the principles that should frame Congress’s consideration of housing finance reform, and various approaches to ensure access to a... Read more »

Waters and Capuano Reintroduce Bill to Strengthen Federal Housing Administration

| Posted in Press Releases

Today Congresswoman Maxine Waters, Ranking Member of the House Committee on Financial Services, reintroduced the FHA Emergency Fiscal Solvency Act. The legislation, co-sponsored by Representative Michael E. Capuano, Ranking Member of the Subcommittee on Housing and Insurance, is designed to strengthen FHA and to help ensure its long-term solvency. In recent years, the agency has stepped into the v... Read more »



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