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CBO report shows GSEs have better conditions to repay Treasury by recapitalizing

December 13, 2024 by bp56691
CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.  
Categories Congress, Department of the Treasury, Fannie Mae, Freddie Mac, Government Lending, GSE Reform, GSEs, LendingLife, Mortgage, Regulatory, Trump Administration

NYC council approves sweeping plan that includes 82,000 homes

December 6, 2024 by bp56691
The “City of Yes” plans calls for the construction of 82,000 new homes over the next 15 years to address the Big Apple’s housing crisis.
Categories Homelessness, Housing Market, Multifamily, Multifamily Housing, New York, New York City, New York Times, Regulatory

Senate leaders sound off on Scott Turner’s HUD nomination

November 27, 2024 by bp56691
Tim Scott and Elizabeth Warren, who are likely to be influential in the Senate Banking Committee in 2025, weighed in on the HUD nominee.
Categories Democratic Party, Donald Trump, Elizabeth Warren, HUD, Mortgage, Politics, Regulatory, Republican Party, Senate, White House

How Trump’s plan to ‘seal the border’ impacts housing construction and affordability

November 26, 2024 by bp56691
The Trump administration’s attitude on undocumented immigration could block further progress for increasing new-home supply.
Categories Affordable Housing, Bureau of Labor Statistics, Construction, Donald Trump, Housing Market, NAHB, Redfin, Regulatory, Trump Administration

FHFA releases GSEs’ three-year plans to improve housing access in underserved communities

November 25, 2024 by bp56691
The regulator unveiled its three-year plan for Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas.
Categories Affordable Housing, Fannie Mae, FHFA, Freddie Mac, Government-Sponsored Enterprise, Manufactured Housing, Mortgage, Regulatory

Could the Trump transition delay some reverse mortgage policy decisions?

November 22, 2024 by bp56691
Ginnie Mae has shown speed in its work on HMBS 2.0, but the election could mean its arrival is beyond the control of current housing leaders.
Categories Community Home Lenders Association, Ginnie Mae, HECM, HMBS, Regulatory, Reverse, Senate

Trump’s plan to build houses on federal land, explained

November 18, 2024 by bp56691
Trump’s plan to build houses on federal land, explained
Donald Trump’s impending second term has sparked discussions about addressing the housing crisis by building new homes on federal lands.
Categories Affordable Housing, Donald Trump, Housing Market, Housing Policy, HWmember, Regulatory, Trump Administration, U.S. Department of Housing and Urban Development

The trigger lead bill looks in doubt post-election

November 14, 2024 by bp56691
The post-election landscape has complicated the mortgage industry’s efforts to pass a trigger lead bill. Backup plans are being formulated.
Categories CFPB, Congress, Election 2024, House of Representatives, Lead Generation, LendingLife, Mortgage, Origination, Regulatory, Senate

Bill Pulte to be considered for HUD secretary, report claims

November 12, 2024 by bp56691
A New York Post report claims that philanthropist Bill Pulte is under consideration for the role of HUD secretary.
Categories Donald Trump, HUD, Mortgage, Politics, Regulatory
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