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.
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.
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
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.
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).
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
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).
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.
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.
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).
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
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
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
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.
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.
Subcommittee Reviews Family Self-Sufficiency Program
The Subcommittee on Housing and Insurance held a hearing today to examine the Family Self-Sufficiency Program (FSS), a program that enables HUD-assisted families to increase their earned income and reduce their dependency on welfare assistance and rental subsidies.
Bipartisan Flood Insurance Reform Passes House
The House voted 264-155 today for legislation that includes a bipartisan effort to encourage the creation of private flood insurance markets in an effort to provide homeowners with more coverage options at more affordable rates.
Committee Completes Markup of Bills to Reauthorize and Reform National Flood Insurance Program
The House Financial Services Committee met today to complete deliberation of and pass several measures to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire on September, 30, 2017.
Chairman Hensarling Joins HUD Secretary Carson at Jubilee Park & Community Center
Congressman Jeb Hensarling (R-TX), Chairman of the House Financial Services Committee, joined Housing and Urban Development Secretary Dr. Ben Carson at Jubilee Park and Community Center during the Secretary’s multi-city listening tour of communities and HUD offices. Today’s tour stop focused on Jubilee Park’s commitment to community-based initiatives aimed at empowering families and individuals through education and ensuring residents in the neighborhood have access to quality, affordable housing
Committee Hearing Schedule for the Week of March 6
Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the Subcommittee on Housing and Insurance will hold a hearing on March 9 at 10 a.m. to examine the National Flood Insurance Program and potential reforms.
