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Politics and policy

Fed Gov. Miran says goods inflation may remain elevated

Fed Gov. Miran says goods inflation may remain elevated

Federal Reserve, Monetary policy, Politics and policy /

Bloomberg News Processing Content Key takeaway: Federal Reserve Gov. Stephen Miran presented a number of contributors currently propping up goods inflation, including volatility in price data and lingering post-pandemic effects. Expert quote: “I accept I don’t know what’s driving higher goods inflation currently.” — Fed Gov. Stephen Miran.  What’s at stake: Looking ahead to next […]

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Senate Dems press for oversight hearing before year-end

FDIC, Federal Reserve, OCC, Politics and policy /

Key insight: The Senate Banking Committee hasn’t had an oversight hearing of prudential banking regulators since May 2024.  What’s at stake: The lack of oversight comes as the agencies slash staff and change policy direction according to the direction of the Trump administration.  Forward look: The Senate Banking Committee has a tight calendar until the

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Federal Housing Administration sets loan limits for 2026

FHA, Originations, Politics and policy /

The Federal Housing Administration has officially established the 2026 limits for loans that it insures, including traditional products and those originated through its reverse mortgage program. Processing Content The administration set the core limits for single-unit properties in low- and high-cost areas at $541,287 and $1,249,125, respectively. Those limits are based on 65% and 150%

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Ginnie Mae aligns liquidation reporting with GSEs

Ginnie Mae aligns liquidation reporting with GSEs

Distressed, Ginnie Mae, Politics and policy, Secondary markets, Servicing /

Ginnie Mae announced its plans to change liquidation reporting requirements in a move that aligns its policies more closely with the government-sponsored enterprises and mortgage-market participants.  Processing Content The change serves to enhance operations and improve accuracy and timeliness of liquidation event data, which are used to help determine payments tied to Ginnie Mae’s mortgage-backed

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FSOC tilts scales in oversight toward deregulation

FSOC tilts scales in oversight toward deregulation

Politics and policy, Risk management, Secondary markets, Technology /

Scott Bessent Photographer:Al Drago/Bloomberg The Financial Stability Oversight Council’s take on its guiding principles is shifting, according to statements by Treasury Secretary Scott Bessent on Thursday. Processing Content Bessent said in the open part of the group’s meeting that the council needs to ensure its original focus on regulation to control risks associated with the

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Fed unanimously reappoints all regional presidents

Federal Reserve, Monetary policy, Politics and policy /

Key Insight: The Federal Reserve Thursday voted unanimously to reappoint all existing regional Fed bank presidents and first vice presidents. Supporting data: All 12 regional Fed Bank presidents and first vice presidents serve five-year terms ending in years that end with a 1 or a 6. The terms expire on Feb. 28, 2026, but the

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DOJ again fails to indict James for alleged mortgage fraud

Fraud, Politics and policy /

The Justice Department failed again to secure a grand jury indictment against New York State Attorney General Letitia James over mortgage fraud claims. Prosecutors have been seeking to renew charges against James after a federal judge dismissed a case against her last month, saying that the prosecutor, Lindsey Halligan, the U.S. Attorney for the Eastern District

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Senator presses corporate owners on manufactured home rents

Housing affordability, Housing Inventory, Originations, Politics and policy /

With affordability at the forefront of issues in the housing market, a Democratic senator looks to crack down on owners of manufactured housing communities. Processing Content Sen. Maggie Hassan from New Hampshire sent letters to six corporate owners of these communities Tuesday, looking for clarity on affordability and living conditions for their residents. Hassan, a

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OCC says banks may broker crypto assets for customers

Cryptocurrency, OCC, Politics and policy, Regulation and compliance /

Key insight: Banks may now execute crypto transactions on behalf of counterparties in the same manner as they execute trades through a securities brokerage. Supporting data: Interpretive Letter 1188 affirms that market risk is minimized through near-instant offsetting trades, leaving banks with only limited credit exposure. Forward look: Comptroller Gould has been highlighting the value

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Supreme Court doubtful on validity of independent agencies

Federal Reserve, Litigation, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Key takeaway: A majority of Supreme Court Justices appeared willing to undo a nearly century-old precedent underpinning the notion of independent regulatory agencies. Expert quote: “Humphrey’s must be overruled. It has become a decaying husk with bold and particularly dangerous pretensions. It was grievously wrong when decided and cases [in recent years] have thoroughly eroded

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