Texas Attorney General Ken Paxton and his wife, Angela — who own three homes in Texas — are facing similar accusations of mortgage fraud as the ones President Donald Trump levied against Sen. Adam Schiff of California and New York AG Letitia James. According to records assessed by The Associated Press (AP), mortgages signed by […]
Texas AG Ken Paxton under scrutiny for potential mortgage fraud Read More »
A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Property Projects and Lending for Yards (SUPPLY) Act. The proposed legislation would
Bipartisan legislation aims to expand ADU financing Read More »
In a move to overhaul how California manages its housing and homelessness response, Gov. Gavin Newsom has proposed to divide the state’s Business, Consumer Services and Housing Agency into two distinct entities — the California Housing and Homelessness Agency (CHHA) and the Business and Consumer Services Agency. With no veto coming from the California State
California creates office dedicated to housing, homelessness issues Read More »
Representative French Hill, a Republican from Arkansas and vice chair of the House Financial Services Committee, speaks during a hearing in Washington, D.C.Al Drago/Bloomberg WASHINGTON — House Republicans began their attempt to roll back significant parts of the Dodd-Frank Act, targeting not just the Consumer Financial Protection Bureau but a laundry list of bank regulation
Republicans gear up for Dodd-Frank rollback Read More »
HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. July What’s Fed Chair Jerome Powell’s next move on rate cuts? July 8Government job growth kills possibility of
President Trump vs. Fed Chair Jerome Powell battle over rates Read More »
Congresswoman Maxine Waters (D-Calif.) and Congressman Stephen Lynch (D-Mass.), announced on Friday that next week will be known as “Anti-Crypto Corruption Week.” During this time, they plan to rally Democrats to push back against Republican efforts to fast-track three pieces of legislation related to cryptocurrency — the “Clarity Act,” the “GENIUS Act” and a bill
House Democrats push back on crypto legislation with ‘anti-corruption’ efforts Read More »
The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era Property Appraisal and Valuation Equity (PAVE) task force, “effectively disbanding” a program that sought to eliminate racial bias in the appraisal process. The directive primarily applies to two rules. One required appraisers and mortgage lenders to comply with the
Trump administration ‘effectively disbands’ the PAVE task force Read More »
Adobe Stock WASHINGTON — New Jersey lawmakers have introduced a bill in the state that would create a state-level Community Reinvestment Act, one that would apply to more financial institutions than its federal counterpart. The bill would extend CRA review beyond banks to online institutions, credit unions and nonbank mortgage lenders. Other states, including Illinois,
NJ to consider CRA bill that would rope in nonbanks Read More »
President Donald Trump has secured a big win in his effort to reduce the footprint of the federal government. The Supreme Court ruled Tuesday that the administration can proceed with plans to lay off thousands of federal workers and cut funding to various federal agencies, including the U.S. Department of Housing and Urban Development (HUD).
Supreme Court ruling allows Trump’s federal workforce cuts to proceed Read More »
After a few months of relative calm, President Donald Trump issued a flurry of new tariffs on key trade partners while indicating an extension of deadlines for most countries to reach a trade deal with the U.S.. Trump paused his new global tariff regime less than a week after it was announced on April 2,
Back on the tariff roller coaster: Trump imposes new levies, extends deadlines Read More »