Key insight: The package includes measures that had already been considered by the committee, including a bill on brokered and custodial deposits and a number of measures aimed at relaxing oversight, particularly for community banks. What’s at stake: The package is opposed by some Democrats, who argue the bill favors large banks as well as […]
House committee passes bank deregulatory package Read More »
A recent op-ed argues that President Donald Trump’s proposal to expand access to 401(k)-style retirement plans could become a meaningful step toward a universal savings system — but only if it goes further than currently outlined. Karl Polzer, founder of the Center on Capital and Social Equity, wrote that roughly half of American workers lack
Trump 401(k) plan, if expanded, could advance universal retirement Read More »
President Donald Trump highlighted taxes, inflation and trade in his State of the Union address on Tuesday evening, but he made only a passing reference to housing, leaving affordability largely unaddressed to the chagrin of housing professionals. Housing professionals had expected a larger discussion on mortgage rates, homeownership initiatives and the policies introduced since Trump
Housing leaders say Trump’s plan must go deeper than lower mortgage rates Read More »
President Donald Trump delivered the annual State of the Union address to Congress on Tuesday night and touched on a wide variety of economic topics. But he barely mentioned ways to make housing more affordable for everyday Americans. Housing professionals expected the speech to include subjects like mortgage rates, affordable homeownership and a slew of
Trump State of the Union offers few housing details Read More »
Key insight: President Donald Trump urged Congress to pass legislation restricting institutional investors purchasing single family homes, following up on his executive order that the legislature would need to codify. What’s at stake: Banks generally favor rhetoric that promotes housing availability and funding, since it helps produce more mortgages, but the institutional investor rhetoric is
Trump talks housing, affordability at State of the Union Read More »
The Campaign for Accountability (CfA), a nonpartisan watchdog group, has filed a lawsuit against the Federal Housing Finance Agency. The group alleges the FHFA failed to comply with a Freedom of Information Act (FOIA) request that sought access to a report prepared by FHFA Director Bill Pulte about Federal Reserve Chair Jerome Powell. CfA submitted
Watchdog lawsuit seeks FHFA records tied to Powell subpoenas Read More »
The Supreme Court on Friday ruled in a 6-3 decision that President Donald Trump overstepped his authority by imposing sweeping tariffs under a federal law intended for national emergencies, a decision that marks a rare defeat for the administration at the high court, which holds a 6-3 conservative majority. The court found that Trump’s use
Trump’s tariffs overturned by Supreme Court in 6-3 decision Read More »
For months, some affluent New Yorkers warned they would leave if progressive policies took hold at City Hall. With Zohran Mamdani now mayor and debate intensifying over a possible city wealth tax or property tax increase, early market data shows no sign of a luxury exodus. Instead, Manhattan’s top tier appears to be accelerating. HousingWire
No exodus after all? Manhattan luxury market sales accelerate under Mamdani Read More »
FirstHome IQ, a nonprofit focused on first-time homebuyer education and financial literacy, announced Thursday that it’s teaming up with the Mortgage Bankers Association to bring a coalition of loan officers to Washington, D.C., for the MBA’s National Advocacy Conference in April. The initiative aims to have at least one LO from every state advocating together
FirstHome IQ partners with MBA to boost loan officer advocacy on Capitol Hill Read More »
A new report from the Council of Economic Advisers (CEA) estimates that the Consumer Financial Protection Bureau (CFPB) has imposed $237 billion to $369 billion in cumulative costs on U.S. consumers since its creation in 2011, largely through higher borrowing costs. For 2024 alone, the report estimates $24 billion to $38 billion in costs. The
CEA analysis weighs CFPB’s economic impact Read More »