A federal trade court has blocked President Donald Trump’s efforts to impose broad tariffs under emergency powers — ruling the move exceeded the authority granted to the president by the 1977 International Emergency Economic Powers Act (IEEPA). A three-judge panel of the U.S. Court of International Trade issued the decision Wednesday, siding with plaintiffs who […]
Federal Court blocks Trump’s ‘Liberation Day’ tariffs Read More »
President Trump last week promised a quick answer on whether to remove Fannie Mae and Freddie Mac from government conservatorship. And it appears he’s already reached a decision: it’s time to take them ‘public.’ In a post published on Truth Social Tuesday night, Trump wrote: Our great Mortgage Agencies, Fannie Mae and Freddie Mac, provide
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee Read More »
Releasing the GSEs from conservatorship became a hot topic again this week after President Trump posted that he was giving it “serious consideration” on Wednesday, followed by a Bloomberg interview with Treasury Secretary Scott Bessent on Friday. The timing of the president’s announcement took many by surprise, given rising bond yields, an uncertain trade war
Bessent weighs mortgage rate risk in potential release of GSEs Read More »
President Donald Trump’s bombshell Truth Social post on Wednesday night sent the stock prices of Fannie Mae and Freddie Mac soaring. But 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. Trump’s announcement that he’s considering a public
Trump’s GSE exit pursuit is complicated (and could be costly) Read More »
Below is a timeline of the actions the Trump administration or Congressional Republicans have taken that impact housing since President Trump took office on Jan. 20, 2025, along with additional coverage of those topics. CFPB Tariffs HUD HUD watchdog swept up in large-scale firings of inspector general Jan. 27 Memo mixup: Trump calls for freeze
Updated list of all Trump’s actions that impact housing Read More »
Two days after Federal Housing Finance Agency (FHFA) Director Bill Pulte said any decision over Fannie Mae and Freddie Mac exiting government conservatorship would be up to President Trump and Trump alone, the president has weighed in. In a message posted on Truth Social Wednesday night, Trump said “I am giving serious consideration to bringing
Trump says he’s giving “serious consideration” to releasing Fannie Mae, Freddie Mac Read More »
The House tax committee is looking to raise the cap on the state and local tax deduction (SALT) and formally adopt several of President Trump’s campaign tax promises as part of a multi-trillion-dollar package, Republicans’ main legislative priority. The draft legislation, introduced by the tax-writing Ways and Means Committee in the House of Representatives on
House bill calls for bigger SALT tax breaks Read More »