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Donald Trump

One ‘Big Beautiful’ win: House advances budget bill for Trump’s signature

Congress, Donald Trump, House of Representatives, Housing Market, HWmember, Legislation, Low-Income Housing Tax Credit, Politics, Senate, Tax, Tax Cuts and Jobs Act /

President Donald Trump’s One Big Beautiful Bill Act is about to become law. The House of Representatives on Thursday voted to advance the budget reconciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legislation. The White House has scheduled […]

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Trump says he’s terminating trade negotiations with Canada

Canada, Donald Trump, Federal Reserve, Homebuilders, Housing Market, HWmember, Mortgage Rates, Politics, Tariffs /

President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE

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Bank CEOs keep calm as end of tariff pause approaches

Bank CEOs keep calm as end of tariff pause approaches

Citizens Financial, Donald Trump, Politics and policy, Tariffs /

The clock is ticking for the 90-day pause on President Trump’s tariffs. As the July 8 deadline draws near, banks face the possibility of a new round of disruptions to their business — and yet some CEOs aren’t worried. In interviews with American Banker, two bank leaders expressed confidence that Trump will avoid ratcheting his

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Trump initiates plan to install a shadow Fed president

Donald Trump, Federal Reserve, Housing Market, HWmember, Jerome Powell, Mortgage Rates /

President Trump has started Operation Shadow Fed President, with news breaking Wednesday night that he has identified several candidates for the next Federal Reserve chairman. Under this strategy, the president selects a new Federal Reserve chair well before they can officially assume the role and they communicate new Fed policy to the markets, which undermines

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How will mortgage rates react to US bombing of Iran?

Donald Trump, Federal Reserve, Housing Market, HWmember, Mortgage Rates, Tariffs /

On Saturday night, the U.S. bombed Iranian nuclear sites, sending shockwaves around the world and leading people to ask me what this means for mortgage rates. This type of global event can lead to significant market movements in oil prices, the U.S. dollar and the 10-year yield in the short term. However, this year, we’ve

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New listings slowdown shows lack of home seller stress in 2025

Bill Pulte, Donald Trump, Housing Market, Housing Market Tracker, HWmember, Jerome Powell, Mortgage Rates, New listings, Purchase Applications /

The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing

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Trump wants Powell to lower rates. Here’s how to do that

Donald Trump, Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Mortgage Rates, Politics /

Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way

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Americans are divided over housing impacts of immigration, tariffs

Affordability, Donald Trump, Homebuilders, Housing Market, HWmember, Politics, Redfin, Tariffs /

A new Redfin survey reveals sharp divides among Americans over how immigration and tariffs are affecting housing affordability, reflecting a complex and politically charged landscape. More than half of U.S. homeowners and renters (51.2%) believe that reducing immigration could worsen housing affordability by shrinking the pool of construction workers and limiting the number of new

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Judge blocks CFPB bid to undo Townstone redlining settlement

CFPB, Donald Trump, HWmember, Legal, Mortgage, Redlining, Regulatory Compliance /

A federal judge on Thursday blocked an attempt by the Consumer Financial Protection Bureau (CFPB) to reverse a $105,000 settlement with Townstone Financial, a Chicago-based mortgage broker accused of discouraging Black applicants. U.S. District Judge Franklin Valderrama ruled that allowing the CFPB to unwind the deal, finalized last year, “would erode public confidence in the

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CFPB enforcement head resigns, citing ‘no intention to enforce the law’

CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump administration /

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by

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