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Trump to announce new Fed chair Friday, sending the 10-year yield higher

Donald Trump, Federal Reserve, HWmember, Jerome Powell, Mortgage, Mortgage Rates, Politics, Trump administration /

President Donald Trump announced on Thursday evening that he will name his choice for the next Federal Reserve chair on Friday morning. At publication time, prediction sites Polymarket and Kalshi had Kevin Warsh as the frontrunner, putting his odds of being chosen at more than 85%, which sent the 10-year yield higher. CNBC reported that […]

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Trump executive order overrides Los Angeles wildfire rebuilding plan

California, Donald Trump, FEMA, Housing Market, HWmember, Los Angeles, Natural Disaster, Politics, Wildfire /

President Donald Trump on Tuesday announced an executive order that allows the federal government to override state and local regulations during recovery efforts from last year’s Los Angeles wildfires, arguing that California authorities have slowed rebuilding. The order directs federal agencies to bypass state and local permitting processes for federally funded disaster recovery projects, asserting

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HUD orders housing agencies to verify tenant eligibility

Donald Trump, HUD, HWmember, Multifamily Housing, Politics, Public Housing, Real Estate, Renters, Scott Turner, Trump administration /

The Department of Housing and Urban Development (HUD) has ordered public housing authorities and property owners participating in federal housing programs to verify tenant eligibility as it relates issues including undocumented immigration. HUD Secretary Scott Turner said the directive is part of a broader effort to review eligibility and compliance in HUD-assisted housing. “We will

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Trump’s 401(k) proposal could help homebuyers, hurt retirement funds

Affordability, Donald Trump, Down Payment Assistance, Homeownership, HWmember, LendingLife, Mortgage, Politics, Retirement, Trump administration /

President Donald Trump’s expected proposal to allow Americans to tap their 401(k) retirement accounts without penalties to fund down payments could ease one of the biggest barriers to homeownership, but it could come at the cost of weakening long-term retirement security. The idea was absent from Trump’s speech on Wednesday at the World Economic Forum

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Trump, again, calls on Congress to cap credit card rates

Credit cards, Politics, Politics and policy /

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

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DOJ investigation clouds future of Fed chair nomination

Department of Justice, Donald Trump, Federal Reserve, HWmember, Jerome Powell, Legal, Politics, Regulatory, Trump administration /

The future of the Federal Reserve‘s leadership is in limbo due to an investigation into current Fed Chair Jerome Powell that has prompted bipartisan backlash. Following the news about a Department of Justice (DOJ) probe into Powell, Sens. Thom Tillis (R-N.C.) and Elizabeth Warren of (D-Mass.) accused Trump of using the DOJ to pressure Powell

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DOJ probe into Powell prompts bipartisan backlash

Department of Justice, Donald Trump, Federal Reserve, HWmember, Jerome Powell, Mortgage, Mortgage Rates, Politics, Regulatory /

Following Federal Reserve Chair Jerome Powell’s disclosure on Sunday that the Department of Justice (DOJ) has issued grand jury subpoenas to the central bank, the investigation has triggered political backlash on Capitol Hill. Sen. Thom Tillis (R-N.C.), a member of the Senate Banking Committee, said he backs Powell and accused the DOJ of threatening the

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Trump directs GSEs to buy $200B in MBS to push mortgage rates lower

Donald Trump, Fannie Mae, FHFA, Freddie Mac, GSEs, HWmember, LendingLife, MBS, Mortgage, Mortgage Rates, Politics, Regulatory /

President Donald Trump said Thursday that he is directing representatives at the government-sponsored enterprises (GSEs) to purchase $200 billion in mortgage-backed securities (MBS), a move he said is intended to bring mortgage rates down. “Because I chose not to sell Fannie Mae and Freddie Mac in my First Term, a truly great decision, and against

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Social Security proposals raise stakes for senior homeowners

Affordability, Congress, Homeownership, HWmember, Politics, Reverse, Reverse Mortgage Daily, Social Security /

A wave of recent proposals from think tanks across the ideological spectrum argue that the ultimate solution for keeping Social Security viable lies in fundamentally changing how the program works. According to federal actuaries, Social Security’s trust funds are projected to be depleted by 2032. If Congress takes no action, benefits would be cut across

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Trump wants ban on large institutional investors buying homes

Donald Trump, HWmember, Institutional investors, LendingLife, Mortgage, Origination, Politics, Real Estate, Single-Family Rentals, Trump administration /

President Donald Trump said Wednesday that he is moving to ban large institutional investors from buying single-family homes, framing the proposal as a way to improve housing affordability. “I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live

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