Department of Housing and Urban Development Secretary Scott Turner reiterated his focus on increasing housing supply and streamlining operations at the federal agency. “Making housing more affordable and increasing the supply of housing in our country…is a top priority of mine,” Turner said at a luncheon hosted by the Exchequer Club and Women in Housing […]
HUD Secretary Turner says manufactured housing key to supply Read More »
Fannie Mae’s and Freddie Mac’s regulator called for Federal Reserve Chairman Jerome Powell to step down on Wednesday if he doesn’t cut short-term rates, as monetary policymakers left them unchanged again. “Jay Powell is hurting the housing market by being too late to lower rates. He needs to resign, effective immediately,” Bill Pulte said in
Fannie, Freddie regulator: Powell should cut rates or quit Read More »
Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each
Fed officials hold rates again, still see two cuts by year end Read More »
“These Housing Credit provisions represent bold action to increase the nation’s housing supply by over one million homes at a time when the affordable housing crisis has reached record levels and has affected every state, district, and community,” said Dudley Benoit, president of the Affordable Housing Tax Credit Coalition board of directors and senior managing director
Pro-housing Senate bill has uncertain future Read More »
The Federal Housing Finance Board is reportedly back in action after a long hiatus, leading to speculation that the Trump administration could be working on taking its next steps forward in contemplating government-sponsored enterprise reform. The heads of Fannie Mae and Freddie Mac’s conservator and regulator, Securities and Exchange Commission, Department of Housing and Urban
GSE overhaul talk revives as key players meet Read More »
Not only does the full panel of economists surveyed by Wolters Kluwer feel the Federal Open Market Committee will not cut short-term rates at its meeting today and tomorrow, less than 10% expect it to act in July. The Blue Chip Economic Indicators report also soundly discounts Pres. Trump’s call for the Fed Funds Rate
No Fed rate cut until September at earliest, economists say Read More »
The National Fair Housing Alliance is pushing back against claims by the Trump administration that it’s behind most of the nation’s housing complaints, defending its role as budget negotiations threaten its funding. In a letter to Housing and Urban Development Secretary Scott Turner, the NFHA argued that the administration was using “erroneous information” to justify
NFHA: HUD using flawed data to justify funding cuts Read More »
As President Donald Trump continues his push for tougher immigration enforcement and higher tariffs, Americans are increasingly split on how it will affect home prices, a survey from real estate firm Redfin found. In the survey, 51% of respondents agreed when asked if they thought that less immigration would lead to fewer construction workers and
Tariffs, immigration fears stoke housing cost debate Read More »
The Senate on Thursday unanimously passed bipartisan legislation to rein in trigger leads. That follows the House Financial Services Committee’s unanimous approval of the Homebuyers Privacy Protection Act, an amendment to the Fair Credit Reporting Act, earlier in the week. The mortgage industry now awaits as lawmakers work to reconcile minor differences between the House
Trigger leads bill passes in Senate Read More »
Bloomberg News A federal judge rejected the Trump administration’s effort to undo a redlining settlement between the Consumer Financial Protection Bureau and a Chicago mortgage lender whose CEO made comments on a talk-radio show that the agency had alleged discouraged potential Black homebuyers from applying for home loans. On Thursday, District Court Judge Franklin U.
Judge rejects CFPB motion to undo redlining settlement Read More »