Fannie Mae and Freddie Mac Oversight
Steve Linick testified at an oversight hearing on the Federal Housing Finance Agency (FHFA). He questioned FHFA’s decision to award over $35 million in executive bonuses at Fannie Mae and Fr…
589 viewsSteve Linick testified at an oversight hearing on the Federal Housing Finance Agency (FHFA). He questioned FHFA’s decision to award over $35 million in executive bonuses at Fannie Mae and Fr…
589 viewsWitnesses testified on the implementation of the 2010 financial regulations law. Witnesses also testified about the collapse and bankruptcy of MF Global under the leadership of Former New Je…
323 viewsSenate Republican leaders spoke to reporters about the nomination of Richard Cordray to head the new Consumer Financial Protection Bureau. More than 40 Senate Republicans opposed confirming …
88 viewsState and Treasury Department representatives testified on U.S. policy toward Iran. Much of the hearing focused on the Menendez-Kirk Amendment, which bans foreign financial institutions that…
650 viewsThe Senate convened with a period of morning business and thereafter resumed consideration of S.1867, the National Defense Authorization Act.
View in Congressional Chronicle1,441 viewsEdward DeMarco testified about the operations and regulatory practices at the Federal Housing Finance Agency (FHFA). Among the topics addressed were different structures of Fannie Mae and Fr…
328 viewsWitnesses testified on the risks, benefits, and future of the 30-year fixed-rate mortgage. They also said that potential homebuyers and lenders must be educated on each loan option in order …
367 viewsA panel of experts testified to the Senate Energy Committee about the capability of a U.S. response to an oil spill in the Caribbean and the political, economic, and environmental effects of…
293 viewsThe Senate began work on an infrastructure and transportation spending package, the second piece of President Obama’s jobs plan.
View in Congressional Chronicle2,148 viewsTreasury Secretary Timothy Geithner testified on the U.S. economy and financial stability. Among the topics he addressed were the state of the economy and the operation of the Financial Stab…
297 viewsWitnesses testified on Iran’s potential threats to the U.S. following allegations that high-ranking Iranian military officials plotted to assassinate the Saudi Arabian ambassador to the U.S.…
389 viewsThe Senate considered President Obama’s jobs bill and failed to reach the 60 vote threshold to begin final debate on the legislation. The time for voting on the cloture motion was held open …
View in Congressional Chronicle568 viewsLate in the session Majority Leader Reid (D-NV) moved that a post-cloture motion by Republicans was dilatory. The chair ruled against the motion and the ruling of the chair was appealed and …
View in Congressional Chronicle12,517 viewsBack in on Wednesday, Oct. 5 at 10:00am for one hour of morning business. Following morning business, the Senate will resume consideration of S 1619, the China currency bill. *ML Reid filed …
View in Congressional Chronicle317 viewsWitnesses testified about establishing national standards for mortgage loan servicers. Mortgage servicers increasingly had come under fire from federal and state officials who accused them o…
191 viewsWitnesses testified about the mortgage financing industry. They said 30-year fixed mortgages at low interest rates could cease to exist if government backing for home mortgages goes away. Th…
1,000 viewsThe Senate debated compromise legislation to raise the debt ceiling and begin a deficit reduction process. The measure passed the House the previous day on a vote of 269 to 161. The vote lat…
View in Congressional Chronicle1,285 views