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Posts Tagged ‘financial institution’

Rep. Hensarling Notes Bipartisan Support for American Dream, Fighting Terrorism

March 26th, 2015 Comments off

jeb_hensarling__financialservice_house_gov__credit__rep_texasIn his opening statement to the full House Financial Services Committee considering 11 bipartisan bills “designed to promote a healthier economy, preserve consumer choice and help our fellow Americans achieve the American dream of financial independence, Committee Chairman Jeb Hensarling (R-TX) acknowledged they all passed the House and/or the Committee, nine with no opposition whatsoever.

Noting that more than one community financial institution closes each day somewhere in the U. S., the dreams of a family seeking credit also dies due to unnecessary governmental regulations. MHProNews understands Rep. Hensarling invites bipartisan regulatory relief legislation for community financial institutions to markup and send to the House floor.

As to the bipartisan Task Force to Investigate Terrorism Financing, he says, Republicans and Democrats alike on this committee are committed to making sure that our nation is doing everything possible to stop terrorists from using the global financial system to finance their acts of evil. Rep. Hensarling acknowledges that members from both sides of the aisle are working together to prevent terrorists from obtaining funds to carry out their attacks. ##

(Photo credit: Financial Services Committee.gov–Rep. Jeb Hensarling)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

State Attorneys General: Replace DeMarco

March 19th, 2013 Comments off

HousingWire informs MHProNews a letter from prominent state attorneys general is calling on President Obama to replace Edward DeMarco, the acting head of the Federal Housing Finance Agency (FHFA), because they say his policy of refusing to allow principal reductions on loans backed by the GSEs that could result in loan modifications now leads to more foreclosures. The groups letter states, “It is far more profitable for any financial institution to hold a portfolio of performing $200,000 mortgages that keeps families in their homes than a portfolio of nonperforming $250,000 mortgages headed toward default.” Headed by Mass. Attorney General Martha Coakley and New York’s AG Eric Schneiderman, the letter says Fannie Mae and Freddie Mac could be partners in addressing underwater mortgages but instead are impediments to foreclosure prevention.

(Photo credit: Wikipedia)