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 Administration
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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.
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.
Trump administration eyes deep cuts to Section 8 housing vouchers
According to The New York Times, the Trump administration is considering dismantling existing aid and replacing it with state-run grants.
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
Mortgage rate volatility rises amid trade war, keeping LOs busy
Despite mortgage rate volatility that makes conditions difficult for lenders, LOs tell HousingWire they’ve seen no fall-off in mortgage applications.
How are agents navigating the growing economic uncertainty?
Mortgage rates are down, but so is the stock market, leaving agents stuck in neutral as the height of the spring purchase market approaches.