Politics

Fair housing complaints mount amid HUD staffing cuts

The National Fair Housing Alliance (NFHA) reported that 32,321 housing discrimination complaints were filed nationwide in 2024 — one of the highest totals recorded across the past two decades. According to the report, disability-related discrimination accounted for the largest share of complaints at 54.6%, followed by cases based on race, national origin, sex, familial status […]

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Community association leaders advocate on Capitol Hill

Hundreds of community association leaders visited Capitol Hill this past Thursday for the Congressional Advocacy Summit hosted by the Community Associations Institute (CAI). More than 200 advocates from CAI — representing more than 77 million homeowners association, condominium and co-op residents — met with members of Congress and their staff to discuss federal issues in

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Pulte says Fannie, Freddie to remain in conservatorship with IPO plans

FHFA Director Bill Pulte said Friday that Fannie Mae and Freddie Mac will remain in conservatorship, but that the government would seek to sell up to 5% of their shares. Pulte made the remarks at the ResiDay conference in New York City, according to posts on X by ResiClub Co-founder Lance Lambert. Lambert quoted Pulte

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NRMLA backs Gormley and Cassidy for key housing roles

NRMLA backs Gormley and Cassidy for key housing roles

The National Reverse Mortgage Lenders Association (NRMLA) and other trade groups issued statements of support this week as they seek to have the Senate confirm two key leaders to federal housing posts. The letters reference President Donald Trump’s nominations of Joseph Gormley as president of Ginnie Mae and Frank Cassidy as commissioner of the Federal

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Will the Fed ruin the lowest mortgage rates of 2025?

Happy lowest-mortgage-rate-of-the-year day on this Halloween week! Mortgage rates are currently at a yearly low right before the Fed meets so the question is: will Fed Chair Jerome Powell ruin the good news right before Halloween festivities? Whatever Powell says tomorrow, mortgage rates are behaving differently than they did last year at this time. Last

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Ohio moves to tie property tax increases to inflation

The Ohio House of Representatives on Wednesday passed two bills aimed at limiting future property tax increases by tying them to inflation — marking the latest in a series of efforts to curb rising property taxes across the state. Republican House Speaker Matt Huffman said the legislation represents “something significant” for Ohio taxpayers. He estimates

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Former economic leaders Cohn and Summers warn on U.S. fiscal path

Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.” Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited

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The $79 trillion shift: How lost wages are fueling the housing crisis

For years, policymakers and analysts have debated the reasons behind America’s worsening housing affordability crisis. Some point to zoning and land-use restrictions, others to construction bottlenecks or rising interest rates. But a growing body of research suggests a deeper, structural problem; wages simply haven’t kept up with the cost of living. That disconnect — according

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HUD layoffs hit 442 employees amid government shutdown

Hundreds of employees at the U.S. Department of Housing and Urban Development (HUD) received layoff notices late last week, as the Trump administration followed through on threats to cut staff during the federal government shutdown. Around 4,200 employees across several agencies were laid off in total on Friday, according to a court filing filed with

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Exclusive: Trump admin lays off Treasury CDFI staff

Key insight: Treasury said it will abolish the CDFI Fund in reduction in force notices handed out to employees on Friday.  Forward look: The CDFI funding that’s already been appropriated could be subject to what’s called a “pocket recession,” a move likely to be legally challenged.  What’s at stake: Millions of dollars for banks and

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