Mobile Menu - OpenMobile Menu - Closed

Connect

Google Translate

Home button

Housing

More on Housing

August 7, 2013 In The News

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.

August 7, 2013 Press Release

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.

July 29, 2013 Press Release
Congresswoman Maxine Waters (CA-43) and the U.S. Housing & Urban Development (HUD) Secretary Shaun Donovan will host a meeting with the mayors and city council members from the cities of Gardena, Hawthorne, Inglewood, Lawndale, Lomita and Torrance, and key stakeholders for a discussion about the ongoing impact of sequestration on local communities. The discussion will focus on the effect of sequestration on homelessness prevention programs, Community Development Block Grants (CDBG), the Housing Choice Voucher Program (Section 8), and the closure of multifamily HUD offices.
July 29, 2013 In The News
Leaders of six L.A. County cities will meet on Monday with U.S. Rep. Maxine Waters (D-Los Angeles) to discuss the effects of cuts in federal housing funds.

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.

July 25, 2013 Press Release

Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee released the following statement in response to committee passage of the inaptly-named "Protecting American Taxpayers and Homeowners Act" or "PATH Act" (H.R. 2767). H.R. 2767 is a Republican bill that would unwind Fannie Mae and Freddie Mac and remove any government support from the secondary mortgage market.

July 15, 2013 Press Release

Today, in response to Financial Services Chairman Jeb Hensarling's release of a proposal to reform the nation's housing finance system, Financial Services Committee Ranking Member Maxine Waters released the following statement:

June 20, 2013 Press Release

Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter today to Christy L. Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), calling for an investigation of Bank of America or any other mortgage servicer, who allegedly benefitted by misleading borrowers eligible for the Home Affordable Modification Program (HAMP).

June 18, 2013 In The News

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.

The California Democrat penned letters to several government officials on Tuesday, asking that they to look into the allegations made in an ongoing lawsuit, which were detailed in a report by Bloomberg last week.

June 5, 2013 Press Release
Today, Ranking Maxine Waters (D-Calif.), joined U.S. Senator Richard Blumenthal (D-Conn.) and Lois Capps (D-Calif.), in sending a letter to eight executive agencies urging them to protect surviving spouses from foreclosure. This segment of the homeowner population – often women in their later years – faces unique circumstances that unfairly deprive them of opportunities to avoid losing their home.

 

May 14, 2013 In The News

OVER her 22 years in Congress, Maxine Waters has likened bank executives to "gangsters," snarkily addressed them as "captains of the universe" and threatened to tax their companies "out of business."

The Democrat from Los Angeles, in other words, is not known for showing love to the financial industry.

So in March, when she visited a group of community bankers in a conservative corner of her district, she seemed ready for a chilly reception. "Let's see what these guys have to say for themselves," Ms. Waters said with a smirk as she emerged from her S.U.V.

Pages