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Tag Archives: U.S. House of Representatives

House Passes Qualified Mortgage Rule; White House Threatens to Veto

The White House is threatening to veto a bill that calls for more transparency from the Fed as well as another piece of legislation that would allow loans in portfolio to qualify for an exemption under the Consumer Financial Protection Bureau's qualified mortgage rule, which passed in the House on Wednesday.

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Fannie Mae & Freddie Mac CEOs Salaries Capped at $600,000

Fannie Mae and Freddie Mac CEOs will not be receiving the multi-million dollar pay raises proposed by their conservator, the Federal Housing Finance Agency, earlier this year. The U.S. House of Representatives passed S. 2036 by voice vote on Monday night, placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year.

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House Votes to Eliminate G-Fee Use to Fund DRIVE Act

The U.S. House of Representatives voted on Thursday to pass an amendment eliminating the use of guarantee fees on mortgages backed by Fannie Mae and Freddie Mac to fund a controversial $47 billion transportation bill known as H.R. 22, or the Developing a Reliable and Innovative Vision for the Economy Act.

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House Passes TRID Grace Period Bill

The House of Representatives voted Wednesday to pass a bipartisan bill (303-121) that will provide a hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule, which went into effect October 3.

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House Passes Amendment for Non-Discrimination in HUD Housing Programs

In an effort to eliminate discrimination within the HUD and DOT programs and raise awareness during pride month in June, U.S. Congressman Scott Peters (D-California) proposed an amendment on the floor of the U.S. House of Representatives requesting non-discrimination provisions and LGBT equality in federal housing and transportation programs

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