Sen. Paul Sarbanes, D-Md., appears to be withholding his support from the GSE bill proposed by Senate Banking Committee Chairman Richard Shelby, R-Ala."I have a number of concerns with the proposed committee print," Sen. Sarbanes said. "The focus needs to be on having a first-class regulator. In doing so, we must be careful not to diminish the housing mission or run the risk of upsetting the housing finance system which has served the nation so well." The ranking Democrat on the committee did not outline his concerns, but one of the most contentious issues appears to be a provision that would provide Fannie Mae's and Freddie Mac's new regulator with receivership powers, which could upset investors. Meanwhile, the Bush administration has been slow in endorsing the Shelby bill. Washington insiders are beginning to wonder whether the April 1 mark-up of the bill by the Senate Banking Committee will be postponed.
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Leaders of ORNL Federal Credit Union are piloting Zest AI's new artificial intelligence-powered assistant to ensure equitable underwriting practices and measure performance against similar institutions.
2h ago -
McCargo stabilized the agency at a crucial time as she helped navigate it through both a pandemic and subsequent dramatic interest-rate cycle change.
3h ago -
The quasi-public entity's plan to buy certain closed-end seconds would constitute "unnecessary government encroachment," the Structured Finance Association said.
5h ago -
The mortgage subsidiary of Hilltop Holdings posted another quarterly loss and volume slipped, but management also sees signs of optimism.
5h ago -
The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
April 18 -
In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
April 18