CFPB enforcement head resigns, citing ‘no intention to enforce the law’
Cara Petersen, the acting CFPB enforcement director, has resigned, citing a lack of intention to “enforce the law in any meaningful way.”
Trump Administration
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HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
Updated list of Bill Pulte’s actions that impact FHFA, GSEs
Here is a list of Bill Pulte’s actions at the FHFA or the GSEs since he was announced as President Trump’s nominee and took office in March.
Federal Court blocks Trump’s ‘Liberation Day’ tariffs
A three-judge panel issued the decision Wednesday, siding with plaintiffs who argued that Trump’s use of tariffs violated U.S. law.
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee
President Trump said he is working on taking Fannie Mae and Freddie Mac public and the implicit guarantee would remain.
Trump’s GSE exit pursuit is complicated (and could be costly)
Removing the government-sponsored enterprises (GSEs) from conservatorship after 16-plus years would be a complicated endeavor. And if they’re not removed carefully, costs for borrowers could spike.
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.
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.
Democratic senator open to working with HUD on federal land for housing
Sen. Ruben Gallego wants to work with HUD and the DOI on its efforts to develop housing on federal land, but wants more information.