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Bachus Warns that FHA Is Assuming too Much Risk

By Brandon Moseley Alabama Political Reporter On Wednesday, Congressman Spencer Bachus (R) from Vestavia warned that the Federal Housing Administration is risking taxpayer funds and may be facing a new bailout. The House Financial Services Committee began a series of hearings on the Federal Housing Administration (FHA)last week. FHA has a fund with a negative … Continued
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February 12, 2013

Shelby Says FHA Should Face Facts

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard Shelby (R) from Alabama said that “Hard choices lie ahead for this program,” referring to the FHA. Sen. Shelby released a written statement with remarks he made at a hearing concerning oversight of the Federal Housing Administration and the U.S. Department of Housing and Urban Development’s … Continued
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December 11, 2012

Shelby Says that FHA has Been Woefully Neglected

By Brandon Moseley Alabama Political Reporter U.S. Senator Richard C. Shelby (R) from Alabama released a written statement with his remarks made at a hearing on housing finance reform.  Sen. Shelby is the ranking Republican member of the Committee on Banking, Housing and Urban Affairs. Sen. Shelby said, “Our fragile housing market faces numerous challenges. … Continued
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May 30, 2012

Shelby Criticizes HUD Budget Request

By Brandon Moseley Alabama Political Reporter Senator Richard C. Shelby released a transcript of his remarks delivered in the Senate’s Committee on Banking, Housing and Urban Affairs.  Senator Shelby was critical of the Obama Administration’s $45 billion Department of Housing and Urban Development’s (HUD) fiscal year 2013 budget.  Federal spending has grown exponentially under President … Continued
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April 30, 2012

Shelby Questions Administration’s Housing Plan

By Brandon Moseley Alabama Political Reporter Senator Shelby (R) from Alabama issued a written statement containing his remarks in the Committee on Banking, Housing, and Urban Affairs.  Senator Shelby is the Republican on the Committee on Banking, Housing and Urban Affairs.  The Committee was hearing from several members of the administration and the U.S. Federal … Continued
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March 1, 2012

BACHUS NOT A FAN OF LATEST OBAMA HOUSING PLAN

By Brandon MoseleyAlabama Political Reporter  Alabama Congressman Spencer Bachus (R) from Vestavia said that he did not think Obama’s new plan to turn around the collapsed American housing market will work. “This is not a serious plan to help the nation’s housing market,” Rep. Spencer Bachus (R., Ala.), the chairman of the House Financial Services … Continued
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February 3, 2012