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Volume 27 - Number 31

August 5, 2010

Congress Retains FHA, Ginnie Mae Funding at Current Levels in FY 2011 Bill

The House of Representatives last week passed fiscal 2011 budget legislation retaining the Department of Housing and Urban Development’s level of loan commitments from the previous fiscal year under its single-family home mortgage and agency securitization programs. On July 29, House lawmakers approved the FY 2011 Transportation, Housing and Urban Development...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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