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Politics and policy

Summers sees Trump naming ‘respected’ replacement for Powell

Summers sees Trump naming ‘respected’ replacement for Powell

Federal Reserve, FOMC, Monetary policy, Politics and policy, Public finance /

Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the U.S. central bank leader for failing to cut interest rates this yearBloomberg News Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream […]

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Senate reconciliation proposals would help, hurt housing

Housing markets, Investments, PMI, Politics and policy /

Provisions restoring the mortgage insurance premium deduction are included in the Senate reconciliation bill, the latest path for its supporters to bring it back to the Tax Code. It is one of several real estate and housing provisions up for debate, including one that addresses low income housing tax credits. The MI deduction first was

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HUD Secretary Turner says manufactured housing key to supply

HUD, Industry News, Politics and policy /

Department of Housing and Urban Development Secretary Scott Turner reiterated his focus on increasing housing supply and streamlining operations at the federal agency. “Making housing more affordable and increasing the supply of housing in our country…is a top priority of mine,” Turner said at a luncheon hosted by the Exchequer Club and Women in Housing

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Fannie, Freddie regulator: Powell should cut rates or quit

Mortgage Rates, Originations, Politics and policy, Secondary markets /

Fannie Mae’s and Freddie Mac’s regulator called for Federal Reserve Chairman Jerome Powell to step down on Wednesday if he doesn’t cut short-term rates, as monetary policymakers left them unchanged again. “Jay Powell is hurting the housing market by being too late to lower rates. He needs to resign, effective immediately,” Bill Pulte said in

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Fed officials hold rates again, still see two cuts by year end

Mortgage Rates, Originations, Politics and policy /

Federal Reserve officials left interest rates unchanged and continued to pencil in two rate cuts in 2025, saying uncertainty over the economic outlook was still high but had diminished. The Federal Open Market Committee voted unanimously on Wednesday to hold the benchmark federal funds rate in a range of 4.25%-4.5%, as they have at each

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Pro-housing Senate bill has uncertain future

Pro-housing Senate bill has uncertain future

Affordable housing, Attorneys, Politics and policy, Private activity bonds, SALT deduction, Trump administration /

“These Housing Credit provisions represent bold action to increase the nation’s housing supply by over one million homes at a time when the affordable housing crisis has reached record levels and has affected every state, district, and community,” said Dudley Benoit, president of the Affordable Housing Tax Credit Coalition board of directors and senior managing director

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GSE overhaul talk revives as key players meet

Politics and policy, Secondary markets /

The Federal Housing Finance Board is reportedly back in action after a long hiatus, leading to speculation that the Trump administration could be working on taking its next steps forward in contemplating government-sponsored enterprise reform. The heads of Fannie Mae and Freddie Mac’s conservator and regulator, Securities and Exchange Commission, Department of Housing and Urban

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No Fed rate cut until September at earliest, economists say

Economy, Federal Reserve, Housing markets, Mortgage Rates, Politics and policy /

Not only does the full panel of economists surveyed by Wolters Kluwer feel the Federal Open Market Committee will not cut short-term rates at its meeting today and tomorrow, less than 10% expect it to act in July. The Blue Chip Economic Indicators report also soundly discounts Pres. Trump’s call for the Fed Funds Rate

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NFHA: HUD using flawed data to justify funding cuts

HUD, Politics and policy /

The National Fair Housing Alliance is pushing back against claims by the Trump administration that it’s behind most of the nation’s housing complaints, defending its role as budget negotiations threaten its funding. In a letter to Housing and Urban Development Secretary Scott Turner, the NFHA argued that the administration was using “erroneous information” to justify

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Tariffs, immigration fears stoke housing cost debate

Housing markets, Politics and policy, REALTORS & HOMEBUILDERS /

As President Donald Trump continues his push for tougher immigration enforcement and higher tariffs, Americans are increasingly split on how it will affect home prices, a survey from real estate firm Redfin found. In the survey, 51% of respondents agreed when asked if they thought that less immigration would lead to fewer construction workers and

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