Kevin Hassett is the rumored lead for Fed chair position
Kevin Hassett is the rumored frontrunner to become the next Federal Reserve chair as he aligns with Trump’s interest rate agenda.
Politics
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Bill Ackman’s GSE proposal faces hurdles on capital, Treasury forgiveness
Uncertainties around capital requirements would limit share value, according to Keefe, Bruyette and Woods (KBW) analysts.
WSJ: Fannie Mae officials fired amid mortgage fraud probe
Fannie Mae’s ethics team faced dismissals after investigating FHFA Director Bill Pulte’s alleged improper access to officials’ mortgage records.
Community association leaders advocate on Capitol Hill
Meetings with legislators addressed affordable insurance, disaster recovery, affordable housing, community self-governance and more.
Pulte says Fannie, Freddie to remain in conservatorship with IPO plans
FHFA Director Bill Pulte said Fannie Mae and Freddie Mac will remain in conservatorship while the government plans to sell up to 5% of shares.
House bill calls for HOME housing program reforms
It aims to expand affordable housing supply by providing states and local governments with greater flexibility to fund housing development.
Real estate leaders praise federal housing action, stress first-time buyer help
NextHome co-CEO Keith Robinson and others are happy to see Washington address housing, but say more first-time homebuyers help is needed.
Ohio moves to tie property tax increases to inflation
Legislators said safeguards were added to prevent local governments from cutting millage only to restore it later after raising other taxes.
New York AG Letitia James indicted on mortgage fraud charge
An anonymous source says James was indicted in the Eastern District of Virginia on one count after a mortgage fraud investigation.
Kansas City Fed chair backs cautious approach on rates
Kansas City Fed Chair Jeff Schmid said he voted in favor of the Fed’s September quarter-point rate cut but sees no need for aggressive easing.