HUD Secretary Castros Testimony before the House Financial Services Committee Ignites Opposition
Earlier this week, we blogged about the upcoming House Financial Services Committee hearing featuring U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro. The hearing, titled The Future of Housing in America: Oversight of the Federal Housing Administration, was directed towards the financial status of the Federal Housing Administration (FHA), the condition of the Mutual Mortgage Insurance Fund (MMIF), and recent initiatives to promote affordable housing.
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SBA Announces Matchmaking Events through American Supplier Initiative
The U.S. Small Business Administration (SBA) has announced matchmaking events throughout 2015 which will expand the American Supplier Initiative. Created in 2012, the American Supplier Initiative supports American manufacturing by investing in the small businesses that comprise America’s suppliers.
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Breaking News: President Obama To Announce Decrease In FHA Premiums
In an effort to make home buying more accessible for first-timers, President Barack Obama has set out to decrease the Federal Housing Administration (FHA) mortgage-insurance premiums. The annual fees the FHA charges will be dropped by o.5 percentage points, according to two people with knowledge of Obama’s plans.
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Congresswoman Waters at the Inaugural Conference
Long Beach – Earlier this week, Congresswoman Maxine Waters provided the keynote address at the NAWRB Inaugural Conference regarding Dodd-Frank Section 342 and the role of the Office of Minority and Women Inclusion (OMWI).
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National Women's Business Council Announces New Members The National Women’s Business Council (NWBC) has announced Teresa Nelson and Marsha Bailey as new additions to the Council. Both women bring a wealth of knowledge and experience to the advisory council.
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FDIC Appoints New Director for OMWI
The Federal Deposit Insurance Corporation (FDIC) appointed Segundo Pereira as the new Director and Officer of the Corporation for the Office of Minority and Women Inclusion. Pereira will replace Andrew Gray, who accepted a job at JPMorgan Chase.
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Julian Castro Gains Senate Committee Support for Housing Secretary
San Antonio Mayor Julian Castro was approved by the U.S. Senate Banking Committee today as head of the Department of Housing and Urban Development (HUD). Castro was previously nominated for the position by President Obama earlier this year.
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Maria Contreras-Sweet Highlights New SBA AgendaMaria Contreras-Sweet—SBA Administrator—spoke last week at the Center for American Progress in Washington D.C. regarding entrepreneurial equality. She highlighted the growing number of women and minority entrepreneurs in the United States while explaining new initiatives on behalf of the SBA.
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Homeownership: The American DreamThe American Dream of homeownership is still very much so alive, as according to a recent Gallup poll, alongside the already 56 percent of Americans that own a home, another 25 percent have the plan to do so in the next 10 years.
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VRM Wins VA Contract
Today HousingWire broke the story on Vendor Resource Management's successful bid on the Veteran Affair's (VA) mortgage servicing contract. The contract, valued at nearly $179 million, includes the servicing of VA mortgages from origination through REO management on north of $1 billion in assets, according to the story.
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