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Weekly Rundown
Jun 10, 2013
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We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists -- for updates throughout the week. H...
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Chairman Hensarling Opposes Obama Administration Decision to Extend Failed HAMP
May 30, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) expressed his strong opposition to President Obama’s decision to extend the Home Affordable Modification Program (HAMP), a failed and costly program that has been shown to actually hurt struggling homeowners. “This decision solidifies the ...
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Chairman Hensarling Announces New Subcommittee Assignments for Two Members
May 22, 2013
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Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced new subcommittee assignments for two members of the committee -- Rep. Dennis Ross (R-FL) and Rep. Keith Rothfus (R-PA). Rep. Ross was appointed to fill the vacancy on the Housing and Insurance Subcommittee created when Rep....
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Hearing Explores Government Role in Multifamily and Health Care Facilities Mortgage Insurance and Reverse Mortgages
May 16, 2013
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The Financial Services Housing and Insurance Subcommittee continued its examination of the troubled Federal Housing Administration (FHA) today with a hearing that focused on several of the agency’s programs that operate outside its mission. This was the subcommittee’s third hearing this year examini...
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Subcommittee Hearing Shows FHA's Current Policies and Practices Create an Impediment to a Sustainable Housing Finance System
Apr 10, 2013
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The Federal Housing Administration (FHA), as it operates today, is an impediment to a sustainable housing finance system and must be reformed, witnesses told the House Financial Services Housing and Insurance Subcommittee today. The Financial Services Committee is holding a series of hearings on th...
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Subcommittees Focus on FHA; Too Big to Fail
Mar 15, 2013
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FHA Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on Housing and Insurance. Wedn...
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Financially Troubled FHA Crowding Out Private Sector Mortgage Insurers, Witnesses Tell Subcommittee
Mar 13, 2013
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Government backing for the Federal Housing Administration (FHA) gives it competitive advantages over private sector mortgage insurers, driving them out of the marketplace and leaving homebuyers with fewer choices, witnesses told the Financial Services Subcommittee on Housing and Insurance today. Th...
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