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Trump administration

Trump to outline housing affordability proposals at Davos

Affordability, Community Home Lenders of America, Donald Trump, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Regulatory, Trump administration /

Housing industry participants will closely watch President Donald Trump in Davos, where he is expected to outline measures aimed at improving housing affordability. His speech is expected for Wednesday. Potential initiatives include ideas Trump has already floated on social media, such as encouraging Fannie Mae and Freddie Mac to expand their purchases of mortgage-backed securities […]

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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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Fed’s Bowman ‘continues to see downside risk’ to labor market

Fed’s Bowman ‘continues to see downside risk’ to labor market

Federal Reserve, Interest rates, Monetary policy, Trump administration /

Al Drago/Bloomberg Processing Content Key Insight: Fed Vice Chair Michelle Bowman said labor market risks remain elevated and cautioned against signaling a policy pause as the central bank weighs its next moves. Expert Quote: “We should also avoid signaling that we will pause without identifying that conditions have changed. Doing so will indicate that we

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Former Fed officials: Markets still trust Fed independence

Former Fed officials: Markets still trust Fed independence

Federal Reserve, Monetary policy, Trump administration /

Andrew Harrer/Bloomberg Processing Content Key Insight:  A panel of former Federal Reserve officials discussed the implications of a probe into Fed Chair Jerome Powell, saying the market’s muted reaction reflected political pushback against a potential indictment. Expert Quote:  “Markets think these institutions will be strong enough to withstand these types of shocks.” — Randall Kroszner,

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Trump says furor over Powell probe won’t delay Fed pick

Economy, Federal Reserve, Politics and policy, Trump administration /

(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his

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Markets, lawmakers scramble amid DOJ inquiry into Fed

Markets, lawmakers scramble amid DOJ inquiry into Fed

Federal Reserve, Monetary policy, Politics and policy, Trump administration /

Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a

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Powell says DOJ served Fed subpoenas, threatened indictment

Federal Reserve, Politics and policy, Trump administration /

Key insight: Federal Reserve Chair Jerome Powell said the central bank had been served subpoenas by the Department of Justice. Expert quote: “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure

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With CFPB nominee lapse, Vought continues as acting director

With CFPB nominee lapse, Vought continues as acting director

Litigation, Regulation and compliance, Trump administration /

Bloomberg News Processing Content What’s at Stake: Russell Vought, who also leads the Office of Management and Budget, has publicly stated his intent to shut down the CFPB, and recently refused to request funding for the agency. Supporting Data: Under the Federal Vacancies Reform Act, the lapse enables Russell Vought to remain as the acting

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Trump directs $200 billion mortgage bond buy in housing push

Fannie Mae, Freddie Mac, Housing affordability, Trump administration /

US President Donald Trump said he was directing the purchase of $200 billion in mortgage bonds, which he cast as his latest effort to bring down housing costs ahead of the November midterm election.  Processing Content Trump announced the move on Thursday in a social media post, which was unclear on how the buys would

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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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