hera: Republicans Seek to Block Housing Funds Payments
- 01/28/15 09:44 AM
As I wrote in my post dated December 14, 2014, entitled "Fannie / Freddie To Make Housing Fund Payments" Mel Watt, Director of the Federal Housing Finance Agency ordered FNMA and FHLMC to make their payments to the Housing Trust Fund and the Capital Magnet Fund as required under the Housing and Economic Recovery Act of 2008. The GSEs never made a payment to the housing funds since that legislation was passed. Now House Republicans, led by representative Ed Royce (R-California) are about to introduce a bill entitled "Pay Back the Taxpayers Act of 2015". The measure, which has not yet been introduced … (4 comments)
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Randy Kirsch
(NMLS# 1012303) Your Dedicated Mortgage Consultant
As I wrote in my post dated December 14, 2014, entitled "Fannie / Freddie To Make Housing Fund Payments" Mel Watt, Director of the Federal Housing Finance Agency ordered FNMA and FHLMC to make their payments to the Housing Trust Fund and the Capital Magnet Fund as required under the Housing and Economic Recovery Act of 2008. The GSEs never made a payment to the housing funds since that legislation was passed. Now House Republicans, led by representative Ed Royce (R-California) are about to introduce a bill entitled "Pay Back the Taxpayers Act of 2015".
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