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
Trump Administration
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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.
Dave Lykken explores the boom-bust mortgage cycle
In the newest episode of the Power House podcast, mortgage industry veteran Dave Lykken joins host Diego Sanchez live from HousingWire’s Housing Economic Summit.
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.
Treasury Department plans to cut thousands of employees
U.S. Department of Treasury plans to lay off a “substantial portion” of its staff.
Federal Reserve stands pat, but still sees rate cuts ahead
The decision was almost universally expected by market observers as the Federal Reserve weighs data that could be pushing the U.S. toward a recession.
HUD approves then rescinds funds for NY housing groups
Millions in federal grants for housing groups in New York City were reportedly held up Friday, just after news that the funds were approved.
Judges rule that CFPB, HUD probationary employees still have jobs — for now
Probationary employees at the CFPB, HUD and other federal agencies had their jobs restored temporarily in two court rulings this week.
Judge reportedly leans toward pause in Trump’s actions to unwind the CFPB
A district court judge is reportedly weighing whether to issue a longer-term pause on DOGE-led efforts to wind down the CFPB.