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June 2025

HUD memo reportedly warns of staff cut impact on mortgages

Fraud, HUD, Politics and policy, Regulation and compliance /

The Department of Housing and Urban Development’s own counsel is reportedly concerned that Trump administration-induced staff cuts could disrupt mortgage operations and increase fraud and litigation risks.  The revelations stem from an internal HUD document seen by Bloomberg Citylab, according to an article published Thursday. Staff departures at the regulator could allegedly “greatly delay”‘ or […]

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Fed’s Kugler not ready to look past tariff inflation

Fed’s Kugler not ready to look past tariff inflation

Federal Reserve, Monetary policy, Politics and policy, Tariffs /

Federal Reserve Board NEW YORK — At least one Federal Reserve official expects tariffs to lead to higher inflation, and she is worried the effects could be long lasting.  Speaking before the Economic Club of New York on Thursday, Fed Gov. Adriana Kugler said she sees ways in which higher trade barriers could lead to

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Mortgage rates move lower for first time in four weeks

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations /

For the first time in four weeks, mortgage rates have moved lower, following another seven-day period where the benchmark 10-year Treasury yield moved in a wide range. However, rates are still at levels last seen in February, the Freddie Mac Primary Mortgage Market Survey showed. “The average mortgage rate decreased this week, which is welcome

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Housing finance outlook 2025: It’s a cruel, cruel summer

Economic news, Housing Inventory, Housing markets /

After a tepid Spring homebuying season, housing market headwinds continue to challenge demand for homebuying, but improved for-sale supply is providing buyers with more options and helping to keep softer price pressures for those looking to buy. And while annual home price growth has slowed considerably, home prices this spring have held steady, and gains

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Volo secures funding to expand expat mortgage lending

LOAN PRODUCTS, Originations, Real Estate /

A mortgage lender helping Americans buy homes abroad received a capital boost this week thanks to a new warehouse agreement with an investment management firm.  Volo Loans, which specializes in serving U.S. citizens looking to finance properties in Costa Rica, landed its $50 million investment from Gramercy Funds Management, a global firm specializing in emerging

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Home remodeling bond sales surge as Americans avoid moving

Homebuilders, Housing Inventory, REALTORS & HOMEBUILDERS, Secondary markets /

Wall Street is cranking up the bond machine as US homeowners, finding that buying a new house is out of reach since mortgage rates started climbing in 2022, are instead getting home equity loans and sprucing up their current properties. Roughly $18 billion of bonds, backed by consumer loans on everything from second mortgages to

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Bowman confirmed as top regulator at Fed

Bowman confirmed as top regulator at Fed

Politics and policy, Regulation and compliance, Trump administration /

Federal Reserve Gov. Michelle BowmanBloomberg News WASHINGTON — Michelle Bowman has been confirmed by the U.S. Senate to be the Federal Reserve vice chair for supervision.  The Senate confirmed Bowman’s nomination in a 48-46 vote, split along party lines. Once she is sworn in, Bowman will serve as the top bank regulator at the Fed,

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Wells shed its asset cap — but it isn’t clear why

Wells shed its asset cap — but it isn’t clear why

Enforcement, Politics and policy, Regulation and compliance /

Bloomberg News In 2018, the Federal Reserve Board’s total growth restriction on Wells Fargo established a new tool for dealing with large banks with broken compliance cultures. Many in and around the banking space viewed the $1.95 trillion asset cap — imposed in response to Wells Fargo’s cross-selling and fake accounts scandals — as a

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Goby Homes launches property transaction platform, founder honored by NAR

Brokerage, Cybersecurity, Homebuyers, HWmember, National Association of Realtors, Real Estate, Technology /

Real estate technology startup Goby Homes has launched a new platform aimed at increasing transparency, security and communication in residential real estate transactions, the company announced during the 2025 Realtors Legislative Meetings. That announcement coincided with the National Association of Realtors naming Goby Homes founder Terrence Nickelson its 2025 iOi Innovator of the Year. Nickelson

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