RealEstateRama Authors Posts by Treasury
Treasury Announces New Steps to Increase Affordable Housing Supply and Lower Long-Term Housing Costs...
The U.S. Department of the Treasury announced new guidance today to increase the ability of state, local, and tribal governments to use
Statement by Secretary Yellen on President Biden’s Announcement of the Partnership for Global Infrastructure...
At the G7 Leaders’ Summit in Germany, President Biden and fellow G7 Leaders formally launched the Partnership for Global Infrastructure and Investment (PGII), a values-driven
Secretary of the Treasury Janet L. Yellen released the following statement on the final passage of the bipartisan infrastructure bill. "The strength of a country’s economy depends on the strength of its infrastructure, and with today’s vote, we have ensured that the American economy will remain strong for decades to come.
Chairman Brown, Ranking Member Toomey, members of the Committee, thank you for having me. We are meeting at a hopeful moment for the economy – but still a daunting one. While we’re seeing signs of recovery, we should be clear-eyed about the hole
.S. Treasury Secretary Steven T. Mnuchin issued the following statement today following the announcement of the Re-Proposed Capital Rule for the Enterprises by the Federal Housing Finance Agency:
United States and Republic of Korea Sign Framework to Strengthen Infrastructure Finance and Market...
The United States and Republic of Korea today signed a Memorandum of Understanding (MOU) to Strengthen Infrastructure Finance and Market Building Cooperation. The Memorandum, signed by U.S. Secretary of the Treasury Steven T. Mnuchin and Korean Deputy Prime Minister and Finance Minister Hong Nam-ki
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement today on Mark Calabria’s confirmation as Director of the Federal Housing Finance Agency (FHFA). “I applaud the Senate for voting to confirm Mark Calabria, an experienced economist.
U.S. Secretary of the Treasury Steven T. Mnuchin issued the following statement today on the Presidential Memorandum on federal housing finance reform: “I look forward to working with FHFA, HUD, Congress, and other stakeholders to address the need for housing finance reform
U.S. Treasury Secretary Steven T. Mnuchin issued the statement below commending the efforts of mortgage lenders, mortgage servicers, and other financial institutions that are working to assist those who may face financial hardships resulting from the federal government shutdown.
Chairman Crapo, Ranking Member Brown, and members of the Committee, thank you for inviting me today. One of my top priorities as Treasury Secretary is sustained economic growth for the American people, and so I am happy to report that the growth rate of the economy over the past year was higher than the average over the prior twenty years and included two straight quarters of 3 percent or higher GDP growth.
Testimony of Federal Insurance Office Director Michael McRaith before House Financial Services Subcommittee on...
Chairman Luetkemeyer, Ranking Member Cleaver, Members of the Subcommittee, thank you for inviting me to testify today on the impact of U.S. – EU dialogues on insurance markets. Today’s hearing focuses on prudential aspects of international insurance matters, including the prospect of an agreement on such matters between the United States and the European Union. With respect to these topics, Congress granted the Federal Insurance Office (FIO) the following authority
The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) awarded 32 organizations nearly $91.5 million in grants today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year 2016 round of the Capital Magnet Fund and will support financing for the preservation, rehabilitation, development or purchase of affordable housing for low-income communities as well as related economic development and community service facilities such as day care centers, workforce development centers and health care clinics
The U.S. Department of the Treasury, the U.S. Department of Housing and Urban Development (HUD), and the Federal Housing Finance Agency (FHFA) today released a white paper designed to serve as a guide for future loss mitigation programs that draw on the lessons learned from implementing the government’s crisis-era housing recovery programs.
Testimony of Federal Insurance Office Director Mike McRaith Before House Subcommittee On Housing and...
Chairman Luetkemeyer, Ranking Member Cleaver, Members of the Subcommittee, thank you for inviting me to testify today on “The Impact of Domestic Regulatory Standards on the U.S. Insurance Market.” While previous hearings have focused on the international leadership role of the Federal Insurance Office (FIO), FIO also has an important role in domestic insurance matters.
Secretary of the Treasury Jacob J. Lew will lead the U.S. Delegation to the Third International Conference on Financing for Development, which will be held July 13-16 in Addis Ababa, Ethiopia
Testimony of Treasury Federal Insurance Office Director Michael Mcraith before the Senate Committee on...
The Federal Insurance Office (FIO) publishes an annual report to address the state of the insurance industry and related regulatory or macroeconomic developments. FIO’s 2014 Annual Report included sections describing (1) a financial overview of the U.S. insurance industry, (2) developments and issues with respect to consumer protection and access to insurance, (3) regulatory developments, and (4) international developments
WASHINGTON, D.C. - March 3, 2015 - (RealEstateRama) -- I last joined you nearly 2 years ago to this day, and it is great to be back at the NCSHA’s winter legislative conference to update you on a few issues that we both care about deeply. While I have worked with housing finance agencies (HFAs) on a wide range of affordable housing issues over several decades in good times and bad, Treasury’s intensive, hands-on experience with HFAs was forged after the financial crisis
WASHINGTON, D.C. - December 4, 2014 - (RealEstateRama) -- The U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development (HUD) today announced enhancements to programs under Making Home Affordable (MHA) to better assist struggling homeowners and communities still recovering from the effects of the financial crisis. The enhancements are designed to motivate homeowners in MHA to continue making their mortgage payments on-time, strengthen the safety net for those facing continuing financial hardships, and help homeowners in MHA programs build equity in their homes, an important factor in stabilizing neighborhoods
WASHINGTON - September 25, 2014 - (RealEstateRama) - In an effort to increase awareness of the Making Home Affordable® (MHA) Program’s free resources and assistance for struggling homeowners, the U.S. Department of the Treasury (Treasury), the U.S. Department of Housing and Urban Development (HUD), and the Ad Council today launched a new series of public service advertisements (PSAs) as a part of their Foreclosure Prevention Assistance campaign
BALTIMORE, MARYLAND - May 15, 2014 - (RealEstateRama) -- Good morning. Thank you, Secretary Skinner, for that kind introduction, and thanks for inviting me here today. I’m grateful to have the opportunity to talk about the housing market with you, and in my own hometown no less. Although I now spend most of the week in Washington, I’m proud to call Baltimore my home.