Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to Federal Housing Finance Agency (FHFA) Director William Pulte, demanding answers regarding numerous alarming actions he has taken since his confirmation, which raise serious concerns about conflicts of interest, legal violations, and harmful housing policy… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee led key House Democrats, including Congresswoman Nydia M. Velázquez (D-NY), Congressman Al Green (D-TX), Congressman Emanuel Cleaver, II (D-MO), Congresswoman Joyce Beatty (D-OH), Congresswoman Rashida Tlaib (D-MI), Congresswoman Sylvia Garcia (D-TX), Congressman Cleo Fields (D-LA),… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released the following statement in response to the Federal Housing Finance Agency’s (FHFA) groundbreaking announcement of the first-ever tenant protections: “I applaud the Federal Housing Finance Agency, under the leadership of Director Sandra L. Thompson, for their historic and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following opening statement during a Housing and Insurance Subcommittee hearing entitled, “Housing Oversight: Testimony of the HUD and FHFA Inspectors General.” Thank you very much, Mr. Chairman. Housing is the number one domestic issue and a priority for voters… Read more »

The top Democrat on the House Financial Services Committee, Congresswoman Maxine Waters (D-CA); the Chairman of the House Financial Services Committee, Congressman Patrick McHenry (R-NC); U.S. Senator Mike Crapo (R-ID); and, U.S. Senator Mark Warner (D-VA) sent a letter to federal financial regulators urging them to implement their respective obligations under the Financial Data… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Government Accountability Office’s (GAO) recently released report on the Federal Home Loan Banks’ (FHLBs) role in the lead up to the failures of Silicon Valley Bank, Signature Bank, and First Republic. After the bank failures last year, Waters and… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, and Representatives Al Green (D-TX), Juan Vargas (D-CA), Ayanna Pressley (D-MA), Rashida Tlaib (D-MI), Nikema Williams (D-GA), Ritchie Torres (D-NY), and Steven Horsford (D-NV) sent a letter to the Director of the Federal Housing Finance Agency (FHFA), urging the agency to use its full… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, sent a letter to the Federal Housing Finance Agency (FHFA), expressing support for FHFA’s forthcoming report on its review of the Federal Home Loan Bank (FHLBank) System, ahead of the FHLBanks’ centennial year. In the letter, Ranking Member Waters urges a thorough review to ensure… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, delivered the following statement at a full Committee hearing entitled, “FHFA Oversight: Protecting Homeowners and Taxpayers.” Good morning, all. I’m pleased to welcome Director Sandra L. Thompson before our Committee this morning.  Earlier this month, the Federal Housing… Read more »

Today, Congresswoman Maxine Waters (D-CA), the top Democrat on the House Financial Services Committee, released this statement following the Federal Housing Finance Agency’s announced change to loan-level price adjustments (LLPAs). “I applaud the Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, for updating the pricing framework of Fannie Mae and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a report highlighting the historic and transformational work that Committee Democrats achieved under her leadership for both the 116th and 117th Congresses. During a global pandemic, a worsening housing crisis and a widening racial-wealth gap, Committee Democrats have consistently… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, sent a letter to Chair of the Federal Trade Commission, Lina Khan, urging robust review of the proposed acquisition of Black Knight, a software, data, and analytics company by the Intercontinental Exchange (ICE), a leading global provider of data, technology, and market infrastructure. In the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement in response to the Federal Housing Finance Agency (FHFA) announcing the release of Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Plans. “For so long, homeownership has served as the principal driver of intergenerational wealth in… Read more »

Today, the House Financial Services Committee, led by Chairwoman Maxine Waters (D-CA), passed eight bills to keep up with an ever-changing marketplace by modernizing our regulatory framework, closing loopholes and ensuring robust oversight, along with bills to promote financial inclusion, expand access to affordable financial services, promote impactful community development and care for… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, released a statement calling for Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson to be nominated to lead the agency. “Today, I call on President Biden to nominate Sandra L. Thompson as Director of the Federal Housing Finance Agency (FHFA). As an independent… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the FHFA reversal of Trump-Era refinance penalty on homeowners. “I commend Federal Housing Finance Agency (FHFA) Acting Director Thompson for her prompt and steadfast leadership in reversing the adverse market fee on July 16th, which is estimated to… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, released the following statement on the U.S. Supreme Court’s decision on Presidential authority to remove Federal Housing Finance Agency Director, Mark Calabria. “Today, the United States Supreme Court ruled that President Biden has the authority to fire Mark Calabria, Director of the… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee sent a letter to Marcia Fudge, Secretary of the U.S. Department of Housing and Urban Development (HUD); Thomas Vilsack, Secretary of the U.S. Department of Agriculture (USDA); Denis McDonough, Secretary of the U.S. Department of Veterans Affairs (VA); Dave Uejio, Acting Director of the Consumer… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement in response to changes that Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency (FHFA) Director Mark Calabria made to Treasury’s ownership stake in the government sponsored enterprises, Fannie Mae and Freddie Mac.  “It is simply… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to President-Elect Joseph R. Biden, providing recommendations on areas where the Biden Administration should immediately reverse the actions of the Trump Administration, and several actions that the Biden Administration can immediately take to coordinate the federal response… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the Committee on Financial Services, sent a letter to agencies within the Committee’s jurisdiction calling on them to cease and desist from finalizing any “midnight rulemakings” or other administrative actions until President-Elect Joseph R. Biden is sworn into office on January 20, 2021.  “On November 3, 2020, the American… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, sent a letter to Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging him to fully engage with Congress, halt all efforts to raise the capital requirements for Fannie Mae and Freddie Mac and halt all efforts to release them from conservatorship. The letter also… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and other House Committee Chairs sent a letter to 61 federal agencies requesting information on conversions of political appointees to civil service positions during the Trump Administration. “Protecting the nonpartisan expertise of the career civil service is essential to the safety and… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and other Committee Chairs across the House of Representatives sent letters directing the White House and more than 50 federal agencies within their jurisdictions to comply with federal record-keeping laws and preserve information responsive to congressional subpoenas and investigations.… Read more »

Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, gave the following statement at a full Committee hearing entitled, “Prioritizing Fannie’s and Freddie’s Capital over America’s Homeowners and Renters? A Review of the Federal Housing Finance Agency’s Response to the COVID-19 Pandemic.” Today, this Committee convenes for a hearing to… Read more »