Housing and Foreclosures
More on Housing and Foreclosures
Washington, DC —During a meeting today with 19 Members of Congress, Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA), praised a principal reduction proposal by Rep. Zoe Lofgren and pledged to provide an assessment within two weeks of how it could be implemented.
Rep. Elijah E. Cummings, the Ranking Member of the House Committee on Oversight and Government Reform, hosted the meeting with Rep. Dennis Cardoza, Co-Chair of the Housing Stabilization Task Force, to discuss additional measures to address the foreclosure crisis.
Washington, DC – Ranking Member Elijah E. Cummings released the following statement in response to changes announced today by the Federal Housing Finance Agency (FHFA) to the Home Affordable Refinance Program (HARP). The changes are aimed at helping "underwater" homeowners take advantage of today's record-low interest rates.
Washington, DC – After a disappointing meeting with Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco on October 6, Ranking Member Elijah E.
Washington, DC – After a disappointing meeting with Federal Housing Finance Agency (FHFA) Acting Director Edward DeMarco on October 6, Ranking Member Elijah E.
Washington, DC (Oct. 18, 2011) – Today, Congressman Elijah E. Cummings, Ranking Member of the Committee on Oversight and Government Reform, responded to an announcement by the Federal Housing Finance Agency (FHFA) that it has instructed Fannie Mae and Freddie Mac to begin "transitioning away" from their use of designated foreclosure attorney networks to a system under which "mortgage servicers select qualified law firms that meet certain minimum, uniform criteria."
(Washington, D.C.)—On Tuesday, July 12, 2011, Senator John D. (Jay) Rockefeller IV (D-W.Va.), Chairman of the Senate Committee on Commerce, Science and Transportation, and Representative Elijah E. Cummings (D-Md.), Ranking Member of the House Committee on Oversight and Government Reform, convened a forum to examine illegal foreclosures against U.S. service members and their families.
Agency's Own Data Show Principal Reduction Would Save Taxpayers Billions of Dollars
Former Fannie Mae Employee Calls into Question DeMarco's Response to Congress
WASHINGTON, D.C. -- Today, Ranking Member Elijah E. Cummings, Housing Stabilization Task Force Co-Chair Congressman Dennis Cardoza, and 15 other Members of Congress met with Edward DeMarco, the Acting Director of the Federal Housing Finance Agency (FHFA) to discuss the implementation of President Obamas mortgage refinance proposal.
Washington, D.C. -- Today, Ranking Member Elijah E. Cummings, Housing Stabilization Task Force Co-Chair Congressman Dennis Cardoza, and other Members will hold a meeting with Edward DeMarco, Acting Director of the Federal Housing Finance Agency, to discuss how the agency plans to implement President Obama's proposal to help responsible homeowners to refinance their mortgages at historically low rates.
Washington, D.C. -- Today Representatives Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, Adam Smith, Ranking Member of the Committee on Armed Services, and Robert Andrews, Ranking Member of the Subcommittee on Health, Employment, Labor and Pensions, joined nine Members in writing to federal housing regulators requesting a comprehensive review of the challenges facing servicemembers who are forced to relocate for work and risk losing their homes.