Rep. Bob Ney, R-Ohio, a housing subcommittee chairman who has been tainted by the congressional lobbying scandal, has dropped his re-election bid for a seventh term and plans to step down in January."After much consideration and thought, I have decided to no longer seek re-election," Rep. Ney said. His ties to lobbyist Jack Abramoff, who pleaded guilty to conspiring to bribe congressmen, have dogged Rep. Ney for the past year. It is understood that federal prosecutors are considering bringing possible charges against the Ohio congressman. "Congressman Ney's decision is a political and practical one and not a legal one," his attorney said. "Congressman Ney has done nothing wrong, and there is no credible basis to charge him with a violation of law." Rep. Ney chairs the housing subcommittee of the House Financial Services Committee.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
10h ago -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




