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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.
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.) joined designers and other guests last week at the Beverly Center Macy's to pay tribute to fashion icon Eunice W. Johnson. The ‘For the Love of Color' event was an opportunity to pay homage to the life and legacy of Mrs.
Congresswoman Maxine Waters (D-Calif.), a senior member of the Judiciary Committee, delivered the following opening remarks during an Immigration Subcommittee hearing on 'Making Immigration Work for American Minorities':
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'.
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.
by Kerri Panchuk
Regulators may have their hearts set on a $20 billion settlement with mortgage servicers, but that's not enough to make up for the $1 trillion lost in family wealth since 2008, Rep. Maxine Waters (D-Calif.) said Friday.