On Wednesday, the Senate and House negotiators reached an agreement in conference to work out the differences between their two bills. Although the final tax bill is still to be finalized, the proposals the House and Senate have already voted on could create a significant impact on housing.
Read More »With Interest Rates Rising, Yellen Addresses Tax Reform
After the Fed's confirmation that an interest rate hike is happening, Fed Chair Janet Yellen turned her attention to the possible economic impacts of tax reform.
Read More »Housing Relief Efforts in Effect
In a recent announcement, the Federal Home Loan Bank of New York reported the second highest annual award amount in the bank’s Affordable Housing Program history—which will result in creation or rehabilitation of nearly 2,900 housing units.
Read More »OCC Allows Banks and Associations Affected by Wildfires to Close
On Thursday, the Office of the Comptroller of the Currency (OCC) issued a proclamation allowing national banks and federal savings associations affected by the California wildfires to close. ...
Read More »HUD Secretary Vows to “Ease the Pressure” of Homelessness
On Wednesday, HUD released the latest national estimate for homelessness—reporting 553,742 people experience homelessness every night. Although some areas are not as severely impacted as others, Secretary Carson is making greater efforts to reduce homelessness across the board.
Read More »Dodd-Frank Modification Bill Heads for Full Senate
Republicans scored a major win with the tax reform bill last week, and now another major piece of legislation has been advanced to the full Senate for debate.
Read More »Jerome Powell Gains Senate Banking Committee Approval as Fed Chair
With the Senate Banking Committee's approval, Powell's nomination now heads to the full Senate for a vote, which is expected to meet little resistance.
Read More »FHFA: House Prices Remain on the Rise
The latest installment of the Federal Housing Finance Agency’s House Price Index (HPI) reveals that rose 1.4 percent in Q3 2017, and were up 6.5 percent between Q3 ...
Read More »Freddie Mac Board of Directors Elects Grace A. Huebscher
On November 27, Freddie Mac announced that Grace A. Huebscher was elected as a director on the company's board of directors. Huebscher, 57, is an executive with decades of experience ...
Read More »Federal Relief Helping to Restore Flood-Ravaged Communities
With large HUD relief packages issued to both Texas and Florida, these battered communities are working to rebuild after this year’s brutal hurricane season. But when will it arrive, and will it be enough?
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