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January 2026

Justices wary of Trump’s urgent need to remove Fed’s Cook

Federal Reserve, Litigation, Trump administration /

Key insight: The Supreme Court Wednesday expressed skepticism of the government’s argument for expansive presidential power in removing Federal Reserve governors.  Expert quote: “Your position that there’s no judicial review, no process required, no remedy available, [and] a very low bar for cause that the president alone determines. That would weaken, if not shatter, the […]

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Trump, again, calls on Congress to cap credit card rates

Credit cards, Politics, Politics and policy /

Key insight: Trump continued to call on Congress to pass credit card legislation.  Expert quote: “Whatever happened to usury?”  — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.”  WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his

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Ameriserv posts strong Q4 despite slower mortgage business

Earnings, MARKETING TO BORROWERS, Originations /

Ameriserv Financial saw its profits grow by more than 60% in 2025, despite its mortgage business taking a hit. Processing Content The company reported net income of $5.6 million for the year ended Dec. 31, up 61.9% from the year prior, while mortgage banking revenue decreased by $120,000, or 39.5%, resulting from diminished residential mortgage

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Trump issues order restricting large single-family investors

Capital markets, Housing markets, Politics and policy, Servicing /

President Trump has issued an executive order aimed at stopping federal agencies from taking any actions to facilitate an institutional player’s acquisition of any single-family house an individual owner-occupant could purchase. Processing Content The follow up to earlier social media posts about the idea includes plans for a legislation recommendation and affects homes involved in

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Home-purchase applications climb to highest since 2023

Mortgage applications, Originations /

US mortgage applications for home purchases climbed last week to the highest since January 2023, suggesting a further easing in financing costs is contributing to a thaw in the housing market. Processing Content The Mortgage Bankers Association’s index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday.

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What Trump might say about housing during Davos meeting

Housing markets, Mortgage Rates, Politics and policy, Secondary markets, Underwriting /

News of Pres. Trump’s upcoming remarks on housing at the World Economic Forum in Davos, Switzerland have stirred fresh speculation about the future of Fannie Mae and Freddie Mac, even as analysts say major policy shifts remain uncertain.   Processing Content An exit from conservatorship for the government-sponsored enterprises is not expected to be part of

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California insurance regulation will need more enforcement, experts say

California insurance regulation will need more enforcement, experts say

California, Property and casualty insurance, Regulation and compliance /

Takeaways: Processing Content Penalties for claims payment delays are not retroactive Provisions duplicate existing regulations Practical aspects of adjusting claims not accounted for California’s latest legislation and newest laws regarding the home insurance market will not have much impact, for several reasons, according to attorneys representing both policyholders and insurers. Policyholder attorneys and advocates call

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Trump administration ad hints at actions to widen credit box

Politics and policy, Secondary markets, Servicing, The Great American Mortgage Corporation, Underwriting /

As President Trump talks up ambitious housing initiatives at the World Economic Forum this week, a new Fannie Mae video ad circulating on social media, which features an AI-generated version of his voice, has a message for banks. Processing Content The AI voiceover in the ad, which was pinned to housing official Bill Pulte’s X

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