Noteworthy. Background: On June 3, 2014, the Senate Committee on Banking, Housing and Urban Affairs reported S. 2244, the Terrorism Risk Insurance Program, out of committee by a vote of 22-0. Floor Situation: At a time to be determined, the Senate will begin consideration of S. 2244.The committee-reported amendments will be agreed to and considered as original text for the purpose of further.
Lenders generated $428M modifying defaulted FHA loans Private mortgage lenders actually fund FHA home loans, and the federal housing administration (FHA) covers their losses if borrowers default. FHA loans are popular among U.S. home buyers and.
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is set to expire in Dec. 31, 2020.
Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul S&P/Case-Shiller: U.S. home prices fall 2.4% Freddie Mac (otcqb: fmcc) today released the results of its Primary mortgage market survey (pmms), showing that mortgage rates moderated after rising in April. 30-year fixed-rate mortgage (FRM) averaged 4.10% with an average 0.5 point for the week ending May 9, down from last week when it averaged 4.14%.Obama Scorecard: Foreclosure programs aid 1.4 million homeowners Obama’s Foreclosure Relief Program Was Designed to Help Bankers, Not Homeowners. 1.4 million borrowers have obtained permanent loan modifications, but about 400,000 of them have already re.By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. Facebook Twitter Email Print Will Obama push housing reform in SOTU? – Not expected this.Bear Stearns Makes $1 Billion Bet on Continued Subprime Woes Bear Stearns Makes $1 Billion Bet on Continued Subprime woes bear stearns allegedly offers .2 Billion to Avert Fire Sale Paul Jackson is the former publisher and CEO at HousingWire.
WASHINGTON (MarketWatch) – The Senate passed a bill Thursday to extend the terrorism risk insurance act until 2020, but voted down an amendment proposed by U.S. Sen. Elizabeth Warren that would.
On December 17, Congress adjourned without taking action to renew the Terrorism Risk Insurance Act (TRIA), which is scheduled to expire after December 31 of 2014.TRIA was a law adopted after the September 11, 2001, terrorist attacks, when insurance companies were understandably hesitant to insure commercial office buildings in New York City and other large metropolitan areas.
History of health care reform in the United States – Wikipedia – Federal health care proposals Earliest. On July 16, 1798, President John Adams signed the first Federal public health law, "An act for the relief of sick and disabled Seamen." This assessed every seaman at American ports 20 cents a month. This was the first prepaid medical care plan in the United States.
Senate Fails to Reauthorize TRIA | The Power of A – Senate leaders failed to move a bill this week to reauthorize the Terrorism Risk Insurance Act (TRIA), after Sen. Tom Coburn (R-OK) refused to agree to a unanimous consent request that would have set up a final vote just before the Senate left town.
The Senate is slated to pass far-reaching legislation this week to roll back. The bill, which has garnered bipartisan support, takes aim at 2010’s Dodd-Frank Act and would free dozens of financial.
Banking & Financial Services. STATE SOVEREIGNTY IN FINANCIAL SERVICES The National Conference of State Legislatures (NCSL) is concerned that Congress, the federal financial services regulators, and the federal courts have sought to nationalize control of financial services in Washington, D.C. NCSL has consistently and strongly advocated for state sovereignty in financial services regulation.
GSE reform captures political attention Delays push foreclosures to 40-month low in April California’s labor market recovers all jobs lost during recession California outpaced. a slower rate of job growth over the last year, and still has not recovered the number of jobs lost during the recession. But because of the sheer size of the county, it was.Foreclosures Hit 40-Month Low As 50-Month High Lies Ahead. Foreclosures reached a 40-month low in April, and the news is more negative than positive.. RealtyTrac said a delay in foreclosure.PDF Michael Stegman and Phillip Swagel – First, because a similar fee was involved in the Johnson-Crapo GSE legislation and included in the recent senate banking committee draft gse reform bill, making it important to understand how well or poorly the current assessment is working. Second, with the current GSE affordability regime having become the standard by