Housing
More on Housing
Ben Protess, New York Times
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.
Sentinel Staff and Wire Report, LA Sentinel
President Barack Obama nominated veteran Rep. Melvin Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac. He also has chosen a former telecommunications lobbyist to head the Federal Communications Commission, the White House said.
Watt, a North Carolina Democrat who has been in Congress for 20 years, would replace Edward DeMarco, an appointee of Republican President George W. Bush, who has been a target of housing advocates, liberal groups and Democratic lawmakers.
Congresswoman Maxine Waters released the following statement today in response to news that President Barack Obama will nominate Congressman Melvin L. Watt to be Director of the Federal Housing Finance Agency:
Congresswoman Maxine Waters, Ranking Member of the House Financial Services Committee, joined by Representative Michael E. Capuano and 65 of their Democratic House colleagues, has released a letter to key Members of the House Committee on Appropriations urging adequate funding for critical community development and housing programs in the Fiscal Year 2014 Transportation, Housing and Urban Development (THUD) appropriations bill.
Congresswoman Maxine Waters, Ranking Member of the House Committee on Financial Services, introduced the Project Rebuild Act of 2013 on Thursday afternoon. This legislation would provide funding for the rehabilitation of foreclosed and abandoned properties, helping to prevent the deterioration of neighborhoods which leads to plummeting housing prices and lower quality of life for residents.
In recent years, the agency has stepped into the void, providing crucial liquidity as private firms have retreated from writing mortgage insurance policies, particularly for key groups such as first time homebuyers.
Ben Hallman, Huffington Post
The top Democrat on the House Financial Services Committee called Tuesday for Congress to "immediately" hold a hearing to investigate a controversial $8.5 billion foreclosure abuse settlement reached this year.
Congresswoman Maxine Waters (D-CA) was unanimously elected Ranking Member of the House Financial Services Committee today by the House Democratic Caucus. Following the election, Congresswoman Waters released the following statement:
Congresswoman Maxine Waters (CA-35) released the following statement in response to the Federal Housing Administration's annual financial status report issued to Congress today: