Congress
A sweeping federal housing bill that could boost housing supply and provide relief on the affordability front is facing some resistance in the House of Representatives as prospective homebuyers continue to grapple with elevated home prices and mortgage rates. Last week, the Senate overwhelmingly passed the 21st Century ROAD to Housing Act with bipartisan support.…
From the National Association of Home Builders As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, builders are urging Congress to address America’s housing affordability challenges. “Removing regulatory barriers that contribute to the increased costs of housing will pave the way to homeownership,” said National Association of Home Builders (NAHB)…
There’s been some debate in Washington on what to do about the country’s growing inability to pay its bills. As a means to shrink the budget deficit, the House Ways and Means Committee discussed doing away with the popular mortgage interest deduction. It’s a pretty popular tax break for homeowners. It allows taxpayers to deduct…
We are in the process of refinancing and it has been hell. So you can imagine my surprise yesterday when I learned that my very own Congressman, Pete Sessions, along with three other members of Congress, is under investigation for the favorable rates they received from Countrywide Financial Corp., which was a poster child for sub-prime lending. The…
