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One ‘Big Beautiful’ win: House advances budget bill for Trump’s signature

Congress, Donald Trump, House of Representatives, Housing Market, HWmember, Legislation, Low-Income Housing Tax Credit, Politics, Senate, Tax, Tax Cuts and Jobs Act /

President Donald Trump’s One Big Beautiful Bill Act is about to become law. The House of Representatives on Thursday voted to advance the budget reconciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legislation. The White House has scheduled […]

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Housing industry cheers Senate passage of the ‘Big Beautiful Bill’

Congress, House of Representatives, Housing Market, HWmember, Legislation, Mortgage Bankers Association, National Association of Realtors, Politics, Senate, Tax, Trump administration /

Senate Republicans on Tuesday advanced President Donald Trump’s sprawling “Big Beautiful Bill” in a last-second flurry that required Vice President JD Vance to cast a tie-breaking vote. All 47 Senate Democrats voted against the bill, with Republicans Susan Collins, retiring Thom Tillis and Libertarian deficit hawk Rand Paul joining them. The bill now goes back

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Mayors back Realtor.com’s campaign to address the housing crisis

Affordability, Homebuilders, Housing Inventory, National Association of Realtors, Politics, Real Estate, Realtor.com, Regulatory Compliance /

The U.S. Conference of Mayors formally endorsed a bipartisan statement to support the Let America Build campaign — a housing policy initiative backed by Realtor.com — during the organization’s annual meeting in Tampa on Sunday. The resolution — introduced by Austin Mayor Kirk Watson — acknowledges the mounting housing affordability crisis, and it calls for

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Bessent announces 10 new appointments at Treasury

Department of the Treasury, Housing Market, HWmember, People Movers, Politics, Scott Bessent, Trump administration, U.S. Treasury /

Secretary Scott Bessent announced 10 new appointments for senior positions at the U.S. Department of the Treasury, according to a Friday press release. John Crews, a former policy adviser under House Majority Leader Steve Scalise, will serve as deputy assistant secretary for financial institutions policy. Before his time in House leadership, Crews was the policy

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Trump says he’s terminating trade negotiations with Canada

Canada, Donald Trump, Federal Reserve, Homebuilders, Housing Market, HWmember, Mortgage Rates, Politics, Tariffs /

President Donald Trump announced on Friday via social media that he’s ending trade talks between the U.S. and Canada. The move could impact tariffs on one of America’s largest trade partners as a temporary pause is set to end early next month. “We have just been informed that Canada, a very difficult Country to TRADE

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Pulte still contacted by woman arrested for bomb threat

Bill Pulte, FHFA, Freddie Mac, HWmember, Mortgage, Politics, Regulatory /

In a social post on X on Thursday, FHFA Director Bill Pulte said a fired Freddie Mac employee who was arrested in March for threatening to blow up the Freddie Mac building in McLean, Virginia has continued to contact him. It’s Pulte’s first public statement on the incident since the woman’s arrest. Pulte posted: “Recently,

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Fed Vice Chair Michelle Bowman supports July interest rate cut

Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Mortgage Rates, Politics /

After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July. In a speech she gave at a research conference

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Without VASP, veterans don’t have a foreclosure safety net

Congress, Delinquencies, Department of Veterans Affairs, Foreclosure, HWmember, Legislation, Mortgage, Mortgage Servicing, NPR, Politics, Veterans /

There are about 80,000 veterans in the U.S. who are behind on their mortgages and heading toward foreclosure, according to data from ICE Mortgage Technology, a number that could have been alleviated with help from the Veteran Affairs Servicing Purchase (VASP) program. But just last month, the program was abruptly discontinued by the U.S. Department of Veterans

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FHFA Director Bill Pulte calls on Fed Chair Powell to resign

Bill Pulte, Federal Reserve, Housing Market, HWmember, Jerome Powell, Politics /

FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post. This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointed out the challenges of finding a

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Trump wants Powell to lower rates. Here’s how to do that

Donald Trump, Federal Reserve, Housing Market, HWmember, Inflation, Jerome Powell, Mortgage Rates, Politics /

Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way

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