Housing
More on Housing
The Washington Post, By Danielle Douglas
Thousands of homeowners will get a pleasant surprise in the mail this summer: checks to (wait for it) compensate them for foreclosure problems they never suffered.
EverBank Financial is prepared to write $1,050 checks to 25,389 of its customers, even though no errors were found in reviews of their foreclosure files, according to a report issued Wednesday by the Office of the Comptroller of the Currency.
In a room full of representatives of banks, non-profits, community advocacy organizations, elected officials and volunteers, Congresswoman Maxine Waters (CA-43), top Democrat on the Financial Services Committee, underscored the importance of community banks, minority and women-owned financial institutions, and Community Development Financial Institutions (CDFIs) to low and moderate-income individuals and communities.
Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released a comprehensive legislative proposal to reform the housing finance market. Known as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, the legislation ends Fannie Mae and Freddie Mac, and creates a new, cooperative-owned securities issuer.
In today's Financial Services Committee hearing on "Why Debt Matters," Ranking Member Maxine Waters (D-CA), underscored the importance of promoting growth and reducing income inequality through short-term increases in discretionary fiscal stimulus in order to reduce the nation's debt and deficit.
Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released the following statement regarding the omnibus appropriations legislation.
"While this agreement is an improvement from the harmful funding levels called for by the sequester, I'm disappointed that the omnibus appropriations legislation fails to adequately fund our financial regulators, shortchanges many of our housing programs and declines to promote a strong global economy.
Following the confirmation of Congressman Mel Watt (D-NC) as Director of the Federal Housing Finance Agency, Congresswoman Maxine Waters¸ Ranking Member of the House Financial Services Committee, offered the following statement in strong support.
Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, delivered a keynote address on the need for robust housing finance reform at a public forum hosted by the Bipartisan Policy Center (BPC) Housing Commission. The forum covered future demographic trends impacting housing markets, efforts to link housing and healthcare to serve the most vulnerable populations, access to credit for perspective homebuyers, and efforts to incentivize the adoption of energy efficiency measures in housing.
Congresswoman Maxine Waters (D-CA) Ranking Member of the Financial Services Committee, has been named a 2013 "Woman of Influence" by HousingWire, a leading news outlet covering the U.S. housing economy, spanning mortgage lending, servicing, investments and real estate operations.
Waters was recognized for her efforts to ensure American families are provided adequate consumer protections, as well as for her longstanding support for minority rights to affordable housing and responsible lending.
Congresswoman Maxine Waters Ranking Member of the House Financial Services Committee, offered the following statement in reaction to the failure of the U.S. Senate to invoke cloture on Melvin L. Watt as Director of the Federal Housing Finance Agency.
Congresswoman Maxine Waters (CA-43), Ranking Member of the House Financial Services Committee, delivered the keynote address at the Los Angeles Business Council's Mayoral Housing, Transportation & Jobs Summit that took place at UCLA's Korn Convocation Hall on Friday, Oct.18. Hosted by the UCLA Anderson School of Business, the Summit, now in its 12th year, is a gathering of top business leaders and elected officials.