More on Housing
As a longstanding supporter of efforts to prohibit housing discrimination and promote fair housing choice, today Congresswoman Maxine Waters (D-CA), top Democrat on the Financial Services Committee, called on the Department of Housing and Urban Development (HUD) to assert that continued investment in high-poverty, high-minority neighborhoods is consistent with its goal of furthering fair housing.
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.