Authors Posts by Financial Services Committee
Financial Services Committee

Financial Services Committee

The Committee oversees all components of the nation's housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund.

The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.

Contact:

House Financial Services Committee
Democratic Staff
2129 Rayburn House Office Building,
Washington, DC 20515
Phone: (202) 225-4247
Fax: (202) 225-6952 

Financial Services Committee

Hensarling Demands Watt Explain GSE Payments

House Financial Services Committee Chairman Jeb Hensarling (R-TX) sent a letter to Federal Housing Finance Agency (FHFA) Director Mel Watt on Friday demanding an explanation for his decision to continue payments to the Housing Trust Fund and Capital Magnet Fund (the Funds) in the wake of Fannie Mae and Freddie Mac’s (GSEs) latest infusion of taxpayer funds from Treasury.
Financial Services Committee

Hensarling Criticizes Fannie Mae Bailout Request

House Financial Services Committee Chairman Jeb Hensarling (R-TX) released the following statement harshly criticizing Fannie Mae’s request for bailout funds from Treasury and calling on FHFA Director Mel Watt to stand by his word and immediately suspend payments to the Housing Trust Fund.
Financial Services Committee

Bipartisan Bill Provides Relief to Small Banks

On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership
Financial Services Committee

House Passes Mortgage Choice Act

On Thursday, the House voted 280-131 to pass H.R. 1153, the Mortgage Choice Act of 2017. This bipartisan legislation, which was sponsored by Rep. Bill Huizenga (R-MI), would preserve consumer choice and help more Americans – especially those with low- and moderate-incomes and first time homebuyers – achieve the dream of homeownership.
Financial Services Committee

Hensarling Responds to FHFA Dividend Payment Changes

his morning, the Federal Housing Finance Agency (FHFA) and the Treasury Department announced an agreement to deprive taxpayers of the compensation to which they are legally entitled under the ongoing conservatorships of Fannie Mae and Freddie Mac (the GSEs).
Financial Services Committee

Committee Advances 13 Bills

This week, the Financial Services Committee approved 13 billson a range of subjects from economic growth, to consumer protection, to Native American housing and human trafficking. This week’s markup follows a very productive year for the Committee, which has held 54 subcommittee hearings
Financial Services Committee

Subcommittee Meets to Continue Assessment of Sustainable Housing Finance

The Housing and Insurance Subcommittee held a hearing today to continue assessing views and perspectives on comprehensive housing finance reform. “Today was an important step towards reforming our housing finance system, credit enhancement, and credit risk transfers,” said Subcommittee Chairman Sean Duffy (R-WI).
Financial Services Committee

House Approves the Preserving Access to Manufactured Housing Act

The House passed bipartisan legislation on Friday that protects consumers’ ability to become homeowners and access affordable housing. Manufactured housing serves as an affordable housing option for roughly 22 million Americans and represents the largest form of unsubsidized affordable housing in the nation.
Financial Services Committee

Subcommittee Examines Ginnie Mae’s Role in Housing Finance System

The Housing and Insurance Subcommittee met today to assess the role of the Government National Mortgage Association – commonly referred to as “Ginnie Mae” – as members continued to examine the need to reform the U.S. housing finance system.
Financial Services Committee

Precarious Health of FHA a ‘Clear and Present Danger’ to the Economy

The declining fiscal condition of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund represents “a clear and present danger to taxpayers, homebuyers and the U.S. economy” and must be addressed by Congress, said Financial Services Committee Chairman Jeb Hensarling (R-TX).
Financial Services Committee

Subcommittee Meets to Further Review Sustainable Housing Finance

The Subcommittee on Housing and Insurance held a hearing today entitled “Sustainable Housing Finance Part III.” The hearing allowed the Subcommittee to further assess views and perspectives on the need to enact comprehensive housing finance reform
Financial Services Committee

Subcommittee Continues Examination of Sustainable Housing Finance Reform

The Subcommittee on Housing and Insurance held its second hearing on private sector perspectives of sustainable housing finance reform. "We're holding this subcommittee hearing today because of the fact that while the most important factor in reforming the housing finance system are homebuyers, it is vitally important that the way we reform the housing
Financial Services Committee

Chairman Hensarling Delivers Opening Statement at Hearing on HUD

Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening statement at today’s hearing with Housing and Urban Development Secretary Ben Carson: Today we welcome the 17th Secretary of the Department of Housing and Urban Development, Dr. Ben Carson for his first appearance before our committee
Financial Services Committee

Examining the Availability vs. Reliability of Insurance for Non-Profit Organizations

The Subcommittee on Housing and Insurance held a hearing to examine insurance for non-profit organizations. The purpose of this hearing was to evaluate the availability of property insurance coverage for non-profit organizations and address whether Risk Retention Groups (RRGs) should be granted the authority to offer property and auto coverage.
Financial Services Committee

Hensarling: Congress Must Tackle Housing Finance Reform

House Financial Services Committee Chairman Jeb Hensarling (R-TX) delivered the following opening remarks at today’s hearing on sustainable housing finance reform: Today we welcome back our former colleague and committee member Mel Watt, the Director of the Federal Housing Finance Agency.

Business Real Estate Press Releases

Kamran Charmsaz

Kamran Charmsaz Becomes Shareholder of KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the addition of Kamran Charmsaz, CSI, CCCA, LEED AP, as a shareholder. Charmsaz, formerly an associate principal with KTGY, was also named a principal. Charmsaz is based in the firm’s Tysons, Virginia office and joins other KTGY Tysons shareholders: Rohit Anand, AIA, NCARB, principal; and Smita Anand, AIA, principal

Recent Gov & Nonprofit Real Estate Press Releases

NAHB

Housing Production Makes Healthy Gains to Start New Year

A surge in multifamily production pushed overall housing starts up 9.7 percent in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department