More on 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.
Congresswoman Maxine Waters authored the following opinion editorial for The Hill:
Congresswoman Maxine Waters, Ranking Member of the Committee on Financial Services, released the following statement in response to reports of a likely shortfall in capital reserve funds at the Federal Housing Administration:
"During the worst of the crisis, when the private sector virtually left the market, the Federal Housing Administration stepped up and provided the liquidity that kept our struggling housing market afloat. This is the countercyclical role of FHA, as it has been throughout the course of its nearly 80-year history.
The Housing Authority of the County of Los Angeles (HACoLA) welcomed Congresswoman Maxine Waters recently to the Harbor Hills Public Housing Development (Harbor Hills), located in the city of Lomita and California's newly-created 43rd Congressional District.
Homebuyers could feel the pinch if Congress follows through on plans to shut down Fannie Mae and Freddie Mac, the government-controlled mortgage guarantee giants that were rescued by a $187 billion taxpayer bailout during the financial crisis.
Borrowers would probably end up paying slightly higher mortgage rates under House and Senate bills that would phase out Fannie and Freddie over five years and shrink the government's huge role in guaranteeing mortgage securities. Fannie and Freddie teetered under a crush of massive losses on risky mortgages before being bailed out.
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, today released the following statement in response to President Barack Obama's speech outlining his plan for housing finance reform in Phoenix.
The cuts were brought on by the so-called "sequester": automatic reductions in federal spending that began in March as a result of Congress' inability to agree on long-term budget cuts.