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By Pete Kasperowicz
House Republicans for the second day in a row on Friday voted to eliminate a federal mortgage program.
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.
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).
by Kevin Drawbaugh
Congress is pulling on its hip waders again to try to rescue a government policy wreck left over from 2005's Hurricane Katrina.
The National Flood Insurance Program, badly damaged by the costliest natural disaster in U.S. history as well as long neglect, has defied attempts at reform for five years.
Congresswoman Maxine Waters (D-CA), a leading Congressional advocate for women, minorities and low-income people, released the following statement today in recognition of the 100th anniversary of International Women's Day:
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.
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.