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.
Politics
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Bipartisan RESIDE Act aims to convert vacant spaces into housing
Legislation would create a pilot grant program for communities to rehabilitate empty offices, malls, motels and other properties into homes.
FEMA funds blocked illegally, GAO finds
The Government Accountability Office said FEMA violated the Impoundment Control Act, which bars the withholding of congressionally approved funding.
Lisa Cook loan docs listing ‘vacation home’ seem to undermine mortgage fraud claims
The loan estimate for an Atlanta condo Cook bought in 2021 shows that Cook declared the property a “vacation home,” not a primary residence.
Kimber White’s vision for NAMB: Affordable housing and enhanced mortgage education
Kimber White is set to return as NAMB president on Oct. 1, where he’ll focus on advocating for housing affordability and mortgage education.
Trump’s ‘liberation day’ tariffs ruled illegal, but stay in place for now
The sweeping tariffs President Trump implemented on April 2 have been ruled illegal by a federal appeals court
Trump seems to confirm 2025 timing for Fannie, Freddie IPO
On Saturday, President Trump seemed to acknowledge that he plans to IPO Fannie Mae and Freddie Mac by the end of this year.
Trump taps economic adviser Stephen Miran for Fed board seat
Miran, who currently chairs the Council of Economic Advisers, is being appointed to serve the remainder of a term that expires in early 2026.
Trump signs VA foreclosure prevention bill into law
The VA Home Loan Program Reform Act establishes a permanent partial claims program designed to help veterans avoid foreclosure.
Scott, Warren announce bipartisan housing bill markup
The first bipartisan housing markup in more than a decade will involve the consideration of the ROAD to Housing Act of 2025.