A public stock offering for the government-sponsored enterprises remains on the table this year, but it is not the only path under serious consideration, according to Federal Housing Finance Agency Director Bill Pulte and industry survey results that align with NMN’s earlier reporting. Processing Content “There are very strong odds” of a GSE stock […]
Pulte: GSE stock move odds ‘strong,’ but ‘we don’t have to’ Read More »
The partial US government shutdown is on track to end later Tuesday after the House passed a funding deal President Donald Trump negotiated with Senate Democrats, overcoming opposition from both ends of the political spectrum. Processing Content The spending package, which Trump has said he wants enacted quickly, now goes to the president for his
Shutdown on track to end as House approves Trump funding deal Read More »
Key Insight: After calling for a 10% rate cap on credit cards last month, President Donald Trump has grown quiet on the issue. But experts say regulators don’t have a very detailed understanding of how the market works or how pricing decisions are made. What’s at Stake: Billions of dollars worth of travel rewards would
Rate cap debate sidesteps big unknowns in credit card pricing Read More »
The Consumer Financial Protection Bureau wants to make it more difficult for Americans to file complaints against the three major credit repositories, the National Consumer Law Center alleges. Processing Content This effort could carry over to other products covered by the complaint portal, the organization added. “Last year, consumers filed nearly five million complaints with
CFPB accused of siding with credit bureaus on complaints Read More »
A partial government shutdown that began over the weekend remained in effect Monday, as the House had yet to act on a Senate-passed compromise bill that includes mortgage-related funding. Processing Content The departments of Housing and Urban Development and Treasury among the agencies affected. So too is the National Flood Insurance Program. “Most HUD staff
Partial shutdown hits HUD, FHA and flood insurance programs Read More »
Last week the Community Home Lenders of America released its CHLA 2025 Report on Independent Mortgage Banks. Processing Content The report leads off by highlighting significant developments over the past year that affect mortgage lender/servicers and the homebuyers and borrowers they serve. In many ways, 2025 was a good year, at least for advocacy
The mortgage market runs on IMBs. Washington hasn’t caught up Read More »
Groups of mortgage regulators, state supervisors and attorneys general called for the Office of the Comptroller of the Currency to end proposals that could allow more national preemption of interest-on-escrow rules, citing consumer harm, legal concerns and an uneven playing field. Processing Content The proposals would benefit national institutions but at homeowners’ expense, and interfere
States, mortgage regulators call for end to OCC escrow moves Read More »
Key Insight: Former Fed Gov. Kevin Warsh’s selection as the next Federal Reserve chair would put a familiar face atop the central bank, but the hawkish monetary policy stances he has advocated for in the past — contrasted with the accommodative policy the president prefers and that he now supports — muddy the outlook for
What bankers need to know about Fed chair-designate Warsh Read More »
Key Insight: President Trump’s selection of former Fed Gov. Kevin Warsh to a vacating seat on the central bank board will likely garner broad support from Senate Republicans, but promised opposition from Sen. Thom Tillis, R-N.C., could slow the confirmation process. Expert Quote: “I have known Kevin for a long period of time, and
Trump taps ex-investment banker Warsh to be next Fed chair Read More »
The Federal Open Market Committee’s initial take on the economy in 2026 may temper NMN-surveyed mortgage professionals’ view that rates will fall fast and far enough to generate significant revenue gains this year. Processing Content Monetary policymakers weighed the balance of risks associated with a softer market vs. inflation in their widely anticipated decision to
What the Fed’s first look in 2026 means for mortgages Read More »