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Politics and policy

Pulte brings Fannie, Freddie together to talk deregulation

Capital markets, Fannie Mae, Freddie Mac, Politics and policy, Secondary markets /

The conservator of two government-sponsored enterprises that buy and securitize many mortgages originated in the United States said he’s arranged some unusual talks between them to get their input on deregulation. “In following President Trump’s deregulation mandate, I ordered the executives of Fannie and Freddie to meet and provide me [with] regulatory changes,” Bill Pulte, […]

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What the big, beautiful bill now has in store for the CFPB

What the big, beautiful bill now has in store for the CFPB

Consumer lending, Politics and policy, Trump administration /

Senate Banking Committee Chair Tim Scott, R-S.C., left, and committee ranking member Elizabeth Warren, D-Mass.Bloomberg News WASHINGTON — Senate Banking Republicans can go ahead with cuts to the Consumer Financial Protection Bureau’s funding after the Senate parliamentarian approved nearly halving the amount that the bureau can draw from the Fed’s total operating budget.  Last week,

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Redlining deal dispute pits DOJ against advocates

Law and legal issues, Politics and policy, Racial bias, Redlining /

Three fair housing organizations are asking to weigh in on a federal case where the Department of Justice is seeking to end a redlining settlement with Lakeland Bank — an effort the DOJ and the bank both oppose. The nonprofits — New Jersey Citizen Action Education Fund, the Housing Equality Center of Pennsylvania, and the

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Fannie Mae, Freddie Mac revamp JV as fintech venture

Capital markets, Mortgage technology, Politics and policy, Secondary markets /

Fannie Mae and Freddie Mac unveiled a new strategy for their legacy joint venture, aligning with priorities set by President Trump and their federal overseer. Their Common Securitization Solutions JV will be renamed U.S. Financial Technology to reflect a new role in which it will sell access to the mortgage-backed securities platform used to manage

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HUD plans overhaul of its manufactured housing program

HUD, Industry News, Politics and policy, Secondary markets /

The Department of Housing and Urban Development is weighing a number of changes to its manufactured housing program as it looks to it as a key solution to addressing the nation’s housing shortage quickly. Government officials, including the heads of Ginnie Mae and the Federal Housing Administration, outlined potential improvements under consideration, including updates to

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HUD moves to eliminate multifamily green-energy incentive

ESG, Housing markets, HUD, Multifamily, Politics and policy /

The Federal Housing Administration announced plans to introduce an across-the-board multifamily mortgage insurance premium that would eliminate incentives to adopt energy-efficiency standards.  The Department of Housing and Urban Development proposed to level premiums to 25 basis points for all loans originated in multifamily programs administered by the FHA, a first step in eliminating what it

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What a Mamdani mayoral win in NYC could mean for banks

What a Mamdani mayoral win in NYC could mean for banks

Commercial banking, Commercial real estate lending, Flagstar Financial, Multifamily, Politics and policy /

New York City mayoral candidate Zohran Mamdani’s primary win has banks with high exposures to rent-regulated real estate on edge. Mamdani, who has vowed to freeze rents on rent-stabilized apartments if he’s elected mayor, won over New Yorkers during the Democratic primary as their city’s housing market grows more expensive and competitive. The primary results

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HUD announces move to new headquarters in Virginia

HUD, Industry News, Politics and policy, Trump administration /

The Department of Housing and Urban Development announced plans to relocate from its longtime headquarters located in the nation’s capital to Alexandria, Virginia. Such a move had also been the subject of rumors since early in the second Trump administration, as its Department of Government Efficiency set out to target examples of what it classified

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Powell says Fed will revisit Basel III capital rules

Powell says Fed will revisit Basel III capital rules

Minimum capital requirements, Politics and policy, Regulation and compliance, Trump administration /

Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration.  Powell, speaking before

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Florida eases costs for condo owners post-Surfside

Condos and HOAs, Florida, Politics and policy /

Florida enacted legislation this week that will provide various forms of relief for condominium unit owners and community associations from the financial impact of regulations introduced after the 2021 building collapse in Surfside. Governor Ron DeSantis signed new laws on Monday and noted the legislation came from feedback provided by condo residents and communities in

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