Trump administration

Trump’s executive order unlikely to slow adoption of AI in real estate

President Donald Trump on Tuesday signed an executive order calling for creation of a voluntary review framework for the nation’s most advanced artificial intelligence (AI) models before public release. It also directs federal agencies to expand AI-powered cybersecurity programs and establish a new government-industry clearinghouse for software vulnerabilities. “Advanced AI capabilities make our Nation stronger, […]

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FHFA’s Pulte tapped for acting director of national intelligence

FHFA’s Pulte tapped for acting director of national intelligence

Key insight: Federal Housing Finance Agency Director Bill Pulte will be President Donald Trump’s acting director of national intelligence.  What’s at stake: Pulte will remain at FHFA, where he’s used the agency’s resources and data to attack the Trump administration’s political enemies, including Sen. Adam Schiff, D-Calif., and Federal Reserve Gov. Lisa Cook.  Forward look:

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Fair housing groups sue CFPB, Vought over ECOA fair lending rule

A coalition of fair housing and economic advocacy groups sued the Consumer Financial Protection Bureau (CFPB) and acting director Russell Vought on Wednesday, seeking to block a Trump administration-backed rule they say would weaken longstanding protections against lending discrimination. The lawsuit, filed in federal court in Washington, D.C., challenges changes made last month by the

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Kevin Warsh sworn in as Federal Reserve chair

Key takeaway: Kevin Warsh, President Donald Trump’s pick to lead the central bank, is now officially the chair of the Federal Reserve.  Expert quote: “I want him to be independent and just do a great job. Don’t look at me, don’t look at anybody, just do your own thing and do a great job.” —

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Real estate agents hope Kevin Warsh can calm roller coaster housing market

The Senate’s confirmation of Kevin Warsh as chairman of the Federal Reserve is already reshaping conversations across the housing industry — particularly among real estate agents watching mortgage rates, affordability and transaction volume. Warsh is set to officially succeed Jerome Powell after a contentious confirmation process held against a backdrop of elevated inflation, geopolitical instability

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Senate confirms Kevin Warsh as Federal Reserve chair

Key insight: The Senate confirmed Kevin Warsh as Fed chair in a largely party-line 54 to 45 vote.  What’s at stake: Warsh has pledged to keep monetary policy independent despite sustained pressure from President Donald Trump for lower interest rates.  Forward look: Warsh takes the helm of the Fed as inflation metrics continue to climb,

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Trump to Congress: Pass ROAD Act with institutional investor ban

President Donald Trump, in a Truth Social post Monday night, urged Congress to pass the 21st Century ROAD to Housing Act.  In the post, Trump doubled down on his support for a ban on institutional investors buying single-family homes. The Senate’s version of the bill includes a provision that would prohibit investment firms that own

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Rising energy costs may squeeze families, but not the economy

Key takeaway: Working-class families are likely to feel the greatest strain from the inflationary pressures spurred by higher energy prices and President Donald Trump’s tariff policies. Expert quote: “Uncertainty raises the option value of waiting, and waiting means not spending now. The uncertainty in the Middle East probably is going to delay major purchases, especially

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Trump signs bill to expedite tribal mortgage lending

President Trump signed new legislation this week aimed to facilitate mortgage lending and open up homeownership to members of Native American communities across the U.S. Processing Content Sponsored by members of South Dakota’s congressional delegation, the Tribal Trust Land Homeownership Act sets new timelines for the review and processing of mortgage applications involving properties on

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Powell is staying at the Fed: What to expect

Key takeaway: As Federal Reserve Chair Jerome Powell’s term nears its end, stakeholders expect his role as a governor to be low-key and to continue until the release of an inspector general report clears him of any wrongdoing. Expert quote: “Powell was pretty clear, he’s not going to be a shadow chair. He knows what

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