September 19, 2017
Tuesday’s Regulatory & Legislative Roundup
- The Senate recently confirmed the United States Department of Housing and Urban Development deputy secretary, Pam Patenaude. Patenaude comes with an extensive background. Most recently, she served as the chairman of J. Ronald Terwillinger Foundation of Housing America’s Families where she furthered her real-estate finance expertise and housing issues. One person notes, Patenaude will aid the nation in ensuring more Americans take advantage of mortgage finance credit which will improve the economy.
- California’s housing crisis is on it’s way to discovery. Recently, the California State Assembly passed a number of bills to address the state’s affordable housing issues. The set of bills has two other hurdles, the state’s Senate and governor. The bills also include a four billion dollar bond which will be supplemented by a $75 fee when homeowners refinance their home. Similar plans and programs are also underway to support the financing and sustainability of the program.
