Key insight: The NDAA is one of Congress’ few must-pass measures, and has always attracted a raft of financial and other policy-realm riders. What’s at stake: The housing package would cut red tape for housing construction and let state and local governments use government funds to promote housing supply. Forward look: House banking committee Chairman […]
Housing falls out of must-pass defense spending package Read More »
Bloomberg News Key Insight: Federal Reserve Chair Jerome Powell reflected on the Fed’s aggressive asset purchases during the pandemic, noting that it may have been an overreaction. Expert quote: “With the clarity of hindsight, we could have — and perhaps should have — stopped asset purchases sooner,” said Fed Chair Powell. What’s at stake: The
Powell acknowledges Fed could have ended Covid-era QE sooner Read More »
HW Data shows the Washington, D.C. housing market remains stable heading into mid-October, with modest sales volume and steady pricing. The District recorded 99 single-family home sales last week, reflecting a slower but consistent pace compared with early-year activity. The Market Action Index stood at 35.2, indicating a mild seller’s market with demand slightly ahead
Washington, D.C. housing market steady as sellers keep edge Read More »
Eric Lee/Bloomberg A group of Democratic lawmakers called on Federal Housing Finance Agency’s Director Bill Pulte to “do his job” and focus on finding solutions to make housing more affordable, rather than concentrating on matters outside his purview — such as who runs the Federal Reserve. In a letter Friday, U.S. Sens. Elizabeth Warren, D-Mass.,
Democrats urge FHFA’s Pulte to ‘do his job’ Read More »
WASHINGTON — The Senate Banking Committee passed a package of housing bills unanimously in a 24-0 vote. The package, championed by Senate Banking Committee Chairman Tim Scott, R-S.C. and the panel’s ranking member Sen. Elizabeth Warren, D-Mass., is meant to slash red tape for housing construction and pump money into communities that are building more
Housing bills advance with pluses, minuses for bankers Read More »
Sen. Jim Banks, R-Ind., joined Sen. Catherine Cortez Masto, D-Nev., in sponsoring a forthcoming bill that would allow the Federal Housing Finance Agency to set executive compensation rules for leaders at the Federal Home Loan banks.Bloomberg News WASHINGTON — Sens. Jim Banks, R-Ind., and Catherine Cortez-Masto, D-Nev., are introducing a bill that would allow the
Exclusive: Sens. Banks, Cortez Masto to offer FHLB pay bill Read More »