The Federal Housing Finance Agency withdrew a proposed rule it was forced to issue regarding Property Assessed Clean Energy programs after prevailing in court.
The Senate won't vote on the nomination of Rep. Mel Watt, D-NC, for director of the Federal Housing Finance Agency, before leaving for its August recess.
When it comes to guaranty fees, FHFA has taken "meaningful steps" to level the playing field for community lenders, one agency official testified this week.
During the debate, Committee chairman Jeb Hensarling accused Democrats of protecting the status quo by defending the current Fannie and Freddie dominated regime.
NAR's oposition falls primarily in two areas: The PATH Act does not include an explicit federal guaranty and the bill dramatically restructures the FHA.