In the News

Majority Leader Kevin McCarthy withdrew Thursday from the contest for speaker of the U.S. House, shocking fellow Republicans just before voting was to begin. Lawmakers expressed disbelief after McCarthy's announcement, which came moments after they had shown up for a private election that many had predicted would end with McCarthy as their pick. Two weeks ago outgoing Speaker John… Read more »

Defying the threat of a White House veto, the House on Wednesday afternoon passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a bipartisan vote of 303-121... Read more »

The announcement Thursday morning that House Majority Leader Kevin McCarthy, R-Calif., was dropping out of the U.S. House Speaker’s race provided a lot of drama and plenty of questions. According to Roll Call, McCarthy told the House Republican Caucus that he was dropping out. “I am not the one,” McCarthy told lawmakers during the meeting. A source close to the… Read more »

In a 303-121 vote, the U.S. House approved legislation Wednesday that would keep the Consumer Financial Protection Bureau from penalizing banks and title companies for several months as they adjust to new disclosure forms for people buying or refinancing homes. Rep. French Hill, R-Ark., who sponsored the bill, said businesses are concerned that the agency won't be lenient, despite a… Read more »

NAMB has once again renewed its call for congress to pass H.R. 3192, arguing it will give players time to adapt to the TRID rule change – and benefit clients as well. "Without the protections from civil damages contained in H.R. 3192 you can be certain that mortgage professionals who are making the most sincere 'good faith' efforts imaginable to comply with the new rule may still… Read more »

The Homebuyers Assistance Act, a bill that would provide a safe harbor from both agency enforcement and private lawsuits for lenders acting in good faith to comply with new TILA-RESPA disclosure requirements, passed the House of Representatives Wednesday by a vote of 303 to 121. That count included 239 Republicans and 64 Democrats in favor of the bill; 121 Democrats and no… Read more »

LITTLE ROCK — The U.S. House on Wednesday approved a bill by Rep. French Hill, R-Little Rock, to create a hold-harmless period for entities making a good-faith effort to comply with new disclosure rules for the mortgage process. The Homebuyers Assistance Act passed 303-121 with bipartisan support and heads to the Senate. Hill said the bill seeks to provide title companies, bankers… Read more »

Congress and the White House are about to face off on giving lenders more penalty-free time to implement a new rule designed to help consumers when closing on a new home. The Republican-led House, backed by the powerful National Association of Realtors and the Mortgage Bankers Association voted late Wednesday night to pass the Homebuyers Assistance Act, which would extend the grace… Read more »

The House voted 303 to 121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3. Click here to read more. Read more »

Defying the threat of a White House veto, the House on Wednesday afternoon passed bipartisan legislation to help homebuyers avoid delays and disruptions when closing on their new homes by a bipartisan vote of 303-121. The bill, the Homebuyers Assistance Act, provides a four-month grace period for businesses that are working in good faith to comply with a new 1,888-page rule from the… Read more »