Tag Archives: U.S. House of Representatives

Under HR 7735, servicemembers, veterans, and their families will have increased access to more affordable, sustainable homeownership opportunities through the Department of Veterans Affairs.

MReport spoke with mortgage industry veteran Frank Pallotta as he approached Election Day in his run for congress in the 5th District of New Jersey.

House measure seeks to level the playing field for U.S. veterans in pursuit of homeownership through adoption of a modern, digital appraisal process for VA loans.

Bipartisan House legislation seeks to modernize the notarization process, and will allow individuals stationed outside of the U.S. to securely notarize documents.

Congress has passed a bill that seeks to serve creditworthy borrowers in underserved communities, as well as a bill that could translate to cost-savings for FHA mortgagees.

Earlier this week, the U.S. House of Representatives passed S. 2036 by voice vote placing a cap on the salaries of Fannie Mae and Freddie Mac CEOs right at the original amount of $600,000 per year. Many in the mortgage industry expressed both approval and disapproval of the House's decision when questioned about the vote.

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.

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.

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.

The U.S. House of Representatives has postponed voting for a bill that will limit the salaries of Fannie Mae and Freddie Mac CEOs due to a hefty lineup of other legislation to tend to. The vote was originally scheduled to take place last week.