Bracing for a legislative battle on how his company might be regulated, Fannie Mae chairman Franklin Raines said Wednesday that any "material change" to its charter "would constitute a material change in the nation's long-held commitment to homeownership."In a speech billed by the company as a "housing policy address," Mr. Raines told those in attendance at George Washington University that "curtailing the flow of housing capital" would hurt President Bush's "vision of a greater ownership society." Early in 2004, Congress is expected to renew efforts to create a new regulator for Fannie Mae and its rival, Freddie Mac. Fannie Mae is against the idea of housing both the safety-and-soundness regulator and the mission regulator at the Treasury Department, which is what the Bush White House has proposed.
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Bill Pulte, regulator and conservator of entities that buy and securitize many mortgages, also reaffirmed he's 'not happy with" lenders' main score provider.
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In some California markets, a household would need a six-figure raise to afford monthly payments on a typical home, new Zillow research found.
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The former management and program analyst, working three jobs, submitted time sheets showing over 24 hours of work per day, prosecutors said.
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Democrats reintroduce a $100 billion housing equity bill to help first-generation buyers and address racial disparities in homeownership.
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The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
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The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.
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