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Congress

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With deadline looming, senators introduce NFIP reauthorization

March 9, 2025 by bp56691
Republicans are aiming to reauthorize NFIP just days before a key funding deadline, with the possibility of a government shutdown looming.
Categories Congress, HWmember, National Flood Insurance Program, Natural Disaster, Politics

Rep. Maxine Waters pushes for serious investigation with proposed wildfire bill

January 10, 2025 by bp56691
Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage.
Categories California, Climate Change, Congress, House of Representatives, Housing Market, HWmember, Los Angeles, Regulatory, Wildfire

Mortgage groups gear up to get trigger leads bill passed in 2025

December 23, 2024 by bp56691
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.
Categories Community Home Lenders Association, Congress, House of Representatives, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Senate

Trade groups push for flood insurance extension ahead of potential government shutdown

December 20, 2024 by bp56691
With a federal government shutdown looming, housing and insurance groups are urging an extension of the National Flood Insurance Program.
Categories Congress, Flood insurance, House of Representatives, Housing Market, Mortgage Bankers Association, National Flood Insurance Program, Regulatory, Senate

CBO report shows GSEs have better conditions to repay Treasury by recapitalizing

December 13, 2024 by bp56691
CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.  
Categories Congress, Department of the Treasury, Fannie Mae, Freddie Mac, Government Lending, GSE Reform, GSEs, LendingLife, Mortgage, Regulatory, Trump Administration

AI used for housing decisions draws bipartisan support, oversight

December 5, 2024 by bp56691
Even in a divided Congress, there is bipartisan support for learning more about how gen AI is being used in housing decisions.
Categories Artificial Intelligence, Congress, Housing Market, Regulatory Compliance, Technology

The trigger lead bill looks in doubt post-election

November 14, 2024 by bp56691
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
Categories CFPB, Congress, Election 2024, House of Representatives, Lead Generation, LendingLife, Mortgage, Origination, Regulatory, Senate
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