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Trump administration ‘effectively disbands’ the PAVE task force

Appraisals, Appraisals and Valuations, Biden Administration, Discrimination, HUD, HWmember, Politics, Real Estate, Regulatory, Trump administration /

The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era Property Appraisal and Valuation Equity (PAVE) task force, “effectively disbanding” a program that sought to eliminate racial bias in the appraisal process. The directive primarily applies to two rules. One required appraisers and mortgage lenders to comply with the […]

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NJ to consider CRA bill that would rope in nonbanks

NJ to consider CRA bill that would rope in nonbanks

CRA, Politics, Politics and policy /

Adobe Stock WASHINGTON — New Jersey lawmakers have introduced a bill in the state that would create a state-level Community Reinvestment Act, one that would apply to more financial institutions than its federal counterpart.  The bill would extend CRA review beyond banks to online institutions, credit unions and nonbank mortgage lenders. Other states, including Illinois,

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Supreme Court ruling allows Trump’s federal workforce cuts to proceed

DOGE, Donald Trump, Housing Market, HUD, HWmember, Legal, Politics, Supreme Court /

President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government. The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Department of Housing and Urban Development (HUD).

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Back on the tariff roller coaster: Trump imposes new levies, extends deadlines

Data & Visuals, Donald Trump, Homebuilders, Housing Market, HWmember, Japan, Politics, Tariffs /

After a few months of relative calm, President Donald Trump issued a flurry of new tariffs on key trade partners while indicating an extension of deadlines for most countries to reach a trade deal with the U.S.. Trump paused his new global tariff regime less than a week after it was announced on April 2,

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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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Housing industry cheers Senate passage of the ‘Big Beautiful Bill’

Congress, House of Representatives, Housing Market, HWmember, Legislation, Mortgage Bankers Association, National Association of Realtors, Politics, Senate, Tax, Trump administration /

Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back

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Mayors back Realtor.com’s campaign to address the housing crisis

Affordability, Homebuilders, Housing Inventory, National Association of Realtors, Politics, Real Estate, Realtor.com, Regulatory Compliance /

The U.S. Conference of Mayors formally endorsed a bipartisan statement to support the Let America Build campaign — a housing policy initiative backed by Realtor.com — during the organization’s annual meeting in Tampa on Sunday. The resolution — introduced by Austin Mayor Kirk Watson — acknowledges the mounting housing affordability crisis, and it calls for

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Bessent announces 10 new appointments at Treasury

Department of the Treasury, Housing Market, HWmember, People Movers, Politics, Scott Bessent, Trump administration, U.S. Treasury /

Secretary Scott Bessent announced 10 new appointments for senior positions at the U.S. Department of the Treasury, according to a Friday press release. John Crews, a former policy adviser under House Majority Leader Steve Scalise, will serve as deputy assistant secretary for financial institutions policy. Before his time in House leadership, Crews was the policy

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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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Pulte still contacted by woman arrested for bomb threat

Bill Pulte, FHFA, Freddie Mac, HWmember, Mortgage, Politics, Regulatory /

In a social post on X on Thursday, FHFA Director Bill Pulte said a fired Freddie Mac employee who was arrested in March for threatening to blow up the Freddie Mac building in McLean, Virginia has continued to contact him. It’s Pulte’s first public statement on the incident since the woman’s arrest. Pulte posted: “Recently,

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