In any housing finance reform efforts, we strongly advocate for equal access to the market for credit unions and fair pricing based on loan quality as opposed to volume, because in order to achieve a healthy, sustainable and viable secondary market, there must be vibrant competition among all market participants.
The Senate passed the bill by a vote of 65-32 on March 23, 2018. The House passed the bill by a vote of 256-167 on March 22, 2018. Negotiators in the House and Senate spent a month and a half working on the the bill since a budget deal was signed into law by Trump on February 9, 2018.
Multifamily housing bubble may be in the future While the single-family housing and office markets have fallen on their faces in recent memory, "multifamily has done a much better job over the last 25 years or so of not falling into the boom.
(Sec. 404) Establishes the Federal Mortgage Insurance Corporation Transition Committee to: (1) develop a plan to facilitate an orderly transition to a new housing finance system, and (2) advise the Transition Chairperson or the Board when consulted.
The bill repeals: (1) provisions related to the authority of the federal reserve board (frb) to supervise and take enforcement action against non-bank financial companies; (2) the prohibition against management interlocks in certain financial companies (i.e., the prohibition against a management official serving simultaneously in two unaffiliated organizations); and (3) specified early-remediation.
The plan would include measures from Cantwell’s Affordable Housing Credit Improvement Act bill (S. 548), which seeks to strengthen the low-income housing tax credit (LIHTC), according to the senator. The recently signed tax reform legislation retained the LIHTC program, but several other measures are estimated to reduce the number of affordable homes built by approximately 235,000 units over the next 10 years.
On August 1, 2017, the Senate Finance Committee held a hearing on "America’s Affordable Housing Crisis: Challenges and Solutions." In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit.
· Senate Finance Committee Chairman Orrin Hatch’s new tax plan would reportedly eliminate the federal deduction for state and local taxes (salt), which lets taxpayers who itemize deductions deduct state and local property taxes and either state and local income taxes or general sales taxes, and use the revenue to pay for cutting income tax rates.
Ally Financial earnings tumble 76% from sour mortgages Ally Financial’s (ALLY) third-quarter profit plummeted 76% as the company settle U.S. claims over sour mortgages. Per Bloomberg: Net income fell to $91 million from $384 million a year earlier. This is why there is no long-term data available for Ally Financial.20 Years Later, DocMagic Reflects on eMortgage Evolution Washington D.C. Business News – WASHINGTON, D.C. and SAN FRANCISCO, Calif., May 15, 2019 (SEND2PRESS NEWSWIRE) – The American Council of Engineering Companies (ACEC) Business Insurance Trust (BIT) and Greyling/EPIC Insurance Brokers.Construction’s mixed July performance misses expectations Texas Capital Bank plans to buck mortgage trend for 2017, grow correspondent lending Home – InterLinc Mortgage – Texas Capital – I started my career in retail banking where I worked for 20 years. Then I transitioned into a mortgage banker and have been originating the past 13 years, 5 here at Texas Capital Lending. I currently hold my accredited license in order to instruct a, "Marketing to grow your business" continuing education course to our surrounding realtors.09 April 2019 | Press Releases. Europe Showcases Renewable Energy Progress at EU sustainable energy week. 02 July 2017 | Articles.