House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory Overreach’ Hearing

first_img House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory Overreach’ Hearing May 7, 2015 1,155 Views Previous: Former FDIC Chair Chosen as President of Private Maryland College Next: Survey: Consumers Generally Positive But Still Cautious Toward Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago CFPB Dodd-Frank House Financial Services Committee Oversight and Investigations Subcommittee Regulatory Overreach 2015-05-07 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Share Save Subscribe Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Week Ahead: Nearing the Forbearance Exit 2 days ago Tagged with: CFPB Dodd-Frank House Financial Services Committee Oversight and Investigations Subcommittee Regulatory Overreachcenter_img Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Home / Daily Dose / House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory Overreach’ Hearing Demand Propels Home Prices Upward 2 days ago A House Financial Services Subcommittee hearing titled “The Dodd-Frank Act and Regulatory Overreach” is scheduled for Wednesday, May 13.The Oversight and Investigations Subcommittee will convene on that day to discuss the controversial piece of legislation, which was enacted in 2010 in response to the financial crisis.The Chairman of the Oversight and Investigations Subcommittee, Representative Sean Duffy (R-Wisconsin), has been an outspoken critic of Dodd-Frank. In 2011, one year after its passage, Duffy told the Washington Times that the full name of the act – the Dodd-Frank Wall Street Reform and Consumer Protection Act – is “misleading” because it “stimulated nothing but more government debt” and “fails to actually reform Wall Street or protect consumers,” citing the cost in both labor hours and money as evidence that he believed the pendulum had swung too far the other way.Representative Al Green (D-Texas), Ranking Member of the Oversight and Investigations Subcommittee, defended Dodd-Frank in 2013 by saying that “With reference to Dodd-Frank, Dodd-Frank provides a better way. Prior to Dodd-Frank, we had in essence two means by which we could deal with a systemic crisis – a crisis that involved exigent circumstances. These two ways were one, bankruptcy. Bankruptcy works, but it did not work for Lehman (the investment firm that filed for bankruptcy in 2008, the largest filing in the nation’s history); and two, bailouts. Bailouts are not the preferred choice because the public thinks somehow, and I agree, tax dollars ought not be utilized to bail out these large institutions.”Duffy has also made repeated attempts to reform the Consumer Financial Protection Bureau (CFPB), which was created in 2011 out of the passage of Dodd Frank. Last month, a Duffy-sponsored bill passed by a 401 to 2 vote in the House. H.R. 1265, known as the Bureau Advisory Commission Transparency Act,  calls for each advisory committee and subcommittee of the CFPB to be subject to the provisions of the Federal Advisory Committee Act, making the proceedings of those committees open to the public.Other Duffy-sponsored legislation attempting to reform the CFPB is currently pending. Duffy introduced several other bills in early March as part of a comprehensive reform proposal. in Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago About Author: Brian Honealast_img read more

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2021-05-31

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Favorable Conditions Drive Continued Improvements in Housing Market

first_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Favorable Conditions Drive Continued Improvements in Housing Market Servicers Navigate the Post-Pandemic World 2 days ago About Author: Xhevrije West Freddie Mac Housing Market Multi-Indicator Market Index 2015-10-23 Brian Honea  Print This Post in Daily Dose, Featured, Market Studies, News Favorable Conditions Drive Continued Improvements in Housing Market Tagged with: Freddie Mac Housing Market Multi-Indicator Market Index October 23, 2015 5,813 Views Demand Propels Home Prices Upward 2 days ago Related Articles Previous: HUD Extends Deadline for HECMs in Default Next: Housing Outlook Stays Positive Despite Predicted Moderate Economic Expansion Sign up for DS News Daily center_img The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. As consumers purchase more homes, remain current on mortgage payments thanks to low rates, and employment continues to grow, the housing market continues to show improvement, according to data released by Freddie Mac on Friday.Freddie Mac’s Multi-Indicator Market Index (MiMi) showed that the U.S. housing market continued to stabilize as the national MiMi value reached 81.2 as of August 2015. This means that the market is on its outer range of stable housing activity.The MiMi rose 0.27 percent from July to August and has shown a three-month improvement of 2.54 percent, according to Freddie Mac. Year-over-year, the MiM values has increased 6.16 percent and has rebounded 37 percent since the all-time low in October 2010. However, the value is still significantly lower than its high of 121.7.”The nation’s housing market continues to improve riding the wave of the best year in home sales since 2007,” said Len Kiefer, Freddie Mac deputy chief economist. “With the MiMi purchase applications indicator at its highest level in more than seven years we expect home sales to remain strong. Low mortgage rates are fueling the recovery across the country.”The key drivers of the positive MiMi value were the current on mortgage indicator (83.7 points) and the employment indicator (103.3 points), both fell in range and increased 0.60 percent and 1.03 percent from July, respectively.The purchase applications indicator fell at 66.9 points in a weak position, but increased 1.23 percent from last month. The payment-to-income indicator also came in weak at 70.9 points, and fell 2.03 percent from last month.”The nation’s housing market continues to improve riding the wave of the best year in home sales since 2007.”—Len KieferA total of 29 of the 50 states including the District of Columbia had MiMi values in the stable range, with the District of Columbia (103.9), North Dakota (96.9), Hawaii (93.5), Montana (93.2), and Utah (90.3) occupying the top five spots, Freddie Mac reported.Meanwhile, 46 of the 100 metro areas have MiMi values that are stable, with Fresno (99.4), Austin (96.6), Honolulu (94.1), and Salt Lake City (93.3), and Los Angeles (93) occupying the top five spots.”Buoyed by strong employment growth, housing supply is struggling to keep pace with demand, which is driving house prices higher,” Kiefer said. “Fortunately, low mortgage interest rates are helping to keep homebuying affordable for some prospective homebuyers.”Nationwide, housing markets are getting back to their long-term benchmark averages, but they still have room for improvement. We’re expecting housing to sustain its momentum going into yearend, but we’re going to need stronger income growth to carry housing throughout 2016.”Click here to view the full report. Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Subscribe Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days agolast_img read more

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2021-05-31

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