HUD secretary defends repeal of fair housing rule
The rule required local governments to analyze housing patterns for racial and economic disparities and submit corrective plans to HUD.
Regulatory
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House bill calls for bigger SALT tax breaks
The new SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less, up from the current $10,000 limit.
Realtors clash over NAR speech code
Critics argue that the code violates free speech rights, while supporters say it’s needed to uphold ethical standards.
Inside the Trump administration’s plans to gut the CFPB
HousingWire has obtained details of the planned mass layoff at the CFPB, which would see some divisions shrink dramatically or cease to exist.
The CFPB announces sweeping job cuts: up to 90% gone
An email sent to employees outlined the agency’s new focus, noting that it would be shifting its focus away from its supervisory roles
CFPB freezes nonbank registry rule after industry pushback
The CFPB is rescinding a rule that required nonbank financial services providers to register with a new federal database.
Federal judge orders CFPB to reinstate terminated employees
Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia issued her ruling in conjunction with a lawsuit brought by the National Treasury Employees Union.
Federal banking agencies seek to rescind 2023 CRA rule
The Federal Reserve, OCC and FDIC say they intend to restore the framework of the Community Reinvestment Act to its prior state.
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.