Key insight: Trump continued to call on Congress to pass credit card legislation. Expert quote: “Whatever happened to usury?” — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.” WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his […]
Trump, again, calls on Congress to cap credit card rates Read More »
President Trump has issued an executive order aimed at stopping federal agencies from taking any actions to facilitate an institutional player’s acquisition of any single-family house an individual owner-occupant could purchase. Processing Content The follow up to earlier social media posts about the idea includes plans for a legislation recommendation and affects homes involved in
Trump issues order restricting large single-family investors Read More »
News of Pres. Trump’s upcoming remarks on housing at the World Economic Forum in Davos, Switzerland have stirred fresh speculation about the future of Fannie Mae and Freddie Mac, even as analysts say major policy shifts remain uncertain. Processing Content An exit from conservatorship for the government-sponsored enterprises is not expected to be part of
What Trump might say about housing during Davos meeting Read More »
As President Trump talks up ambitious housing initiatives at the World Economic Forum this week, a new Fannie Mae video ad circulating on social media, which features an AI-generated version of his voice, has a message for banks. Processing Content The AI voiceover in the ad, which was pinned to housing official Bill Pulte’s X
Trump administration ad hints at actions to widen credit box Read More »
Key insight: Treasury Secretary Scott Bessent avoided confronting the rate cap directly, but argued banks already are benefitting from deregulation elsewhere. Supporting data: Bessent argued that banks enjoy trillions in extra lending capacity, freed up by the unwinding of compliance standards. Forward look: The White House appears increasingly serious about passing a credit card interest
Bessent tells banks deregulation makes up for 10% rate cap Read More »
Investors are taking a larger share of home purchases, but new data shows the growth looks different than the political rhetoric suggests. Processing Content The investor share of single-family home purchases rose to the highest point in five years, according to the latest numbers CJ Patrick prepared for BatchData. Investor buying represented a 34% share
Investor single-family homebuying share hits five-year high Read More »
Department of Housing and Urban Development whistleblowers spoke of being stopped from doing their jobs enforcing fair housing laws at a hearing led by Sen. Elizabeth Warren, D.-Massachusetts. Processing Content The hearing, called “Fair Housing Under Fire,” was held on Jan. 13. Warren is the ranking member of the Senate Banking, Housing, and Urban Affairs
Warren hearing spotlights HUD fair housing whistleblowers Read More »
(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his
Trump says furor over Powell probe won’t delay Fed pick Read More »
Processing Content Key insight: Inflation showed little sign of slowing in December, with monthly and annual inflation rates unchanged from November. Prices rose 0.3% in December and 2.7% year over year. Supporting data: Core inflation, measuring the rise in prices excluding food and fuel, rose 0.2% in December. Food prices rose 0.7%. Dairy products rose
Inflation holds steady at 2.7% as December prices stay hot Read More »
Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a
Markets, lawmakers scramble amid DOJ inquiry into Fed Read More »