More on Housing
Congresswoman Maxine Waters (D-Calif.) today reintroduced her legislation to improve the National Flood Insurance Program (NFIP). Last year, the Congresswoman's NFIP legislation was passed by the House of Representatives with overwhelming bipartisan support, but was not taken up by the Senate. NFIP is the primary source of reliable, affordable flood insurance coverage for more than five million American homes and businesses.
Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, spoke out today against Republican attempts to terminate the Home Affordable Modification Program (HAMP) and the Neighborhood Stabilization Program (NSP). This was the second markup in as many weeks where Committee Republicans ended programs to help people stay in their homes and help communities weather the foreclosure crisis.
Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, issued the following statement today after details of the proposed settlement between state attorneys general and mortgage servicers were revealed:
by Zach Carter
As bank executives push back against the terms of a foreclosure settlement with fees that may be as high as $20 billion, progressive legislators, federal regulators and public interest watchdogs argue that securing appropriate relief to wronged homeowners is a critical step for restoring business confidence and reinvigorating the housing market.
By Meredith Shiner
Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee, took Committee Republicans to task today for voting to defund two programs that help struggling homeowners.
by JON PRIOR
State and local governments and nonprofits project that the first two rounds of the Neighborhood Stabilization Program will fund the rehab or demolition of 100,000 homes abandoned after foreclosure.
Speaking before a House subcommittee hearing Wednesday, Mercedes Ma?rquez, assistant secretary for community planning at the Department of Housing and Urban Development launched a defense of all three rounds of NSP spending, outlining the direct effects the program will have on blighted neighborhoods across the country.
By Peter Schroeder
Treasury Secretary Timothy Geithner found few Democratic allies on the House Financial Services Committee Tuesday, as the administration's report on housing finance found more critics on the left than the right.
Geithner came to Capitol Hill to mount the first public defense of the administration's housing report, which was released Feb. 11.
Congresswoman Maxine Waters (D-Calif.), a senior member of the Financial Services Committee and Ranking Member of the Subcommittee on Capital Markets and Government Sponsored Enterprises, delivered the following opening remarks today during a hearing entitled ‘Mortgage Finance Reform: An Examination of the Obama Administration's Report to Congress'. Treasury Secretary Timothy Geithner was before the committee:
"Thank you, Mr. Chairman, for holding this important hearing this morning.
By Jim Puzzanghera and E. Scott Reckard
Federal and state officials are analyzing proposals that could help people who lost their homes or missed mortgage payments as a key part in resolving a multibillion-dollar case over botched foreclosure paperwork.
Government negotiators are wrestling with banks and their mortgage servicing arms over the amount of the settlement — from $5 billion to $20 billion — and then must decide how best to use the money.