Key insight: The White House has indicated its support for the compromise legislative language now moving forward in the Senate. The House passed its own housing bill last month, which included a number of community bank-related riders. What’s at stake: Legislative language related to brokered and custodial deposits, as well as other policy reforms aimed […]
Housing bill moves forward with institutional housing ban 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 »
Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing Content What’s at stake: The appeals court judges questioned whether various actions taken by the CFPB last year constituted a final agency action that is reviewable by a district court. Key insight: The
Can Trump fire nearly all CFPB staff? Appeals court isn’t sure Read More »
Al Drago/Bloomberg Processing Content Key Insight: The high-stakes case revolves around the actions of Russell Vought and President Trump’s publicly stated goal to eliminate the CFPB, challenging Congress’ authority to establish the agency. What’s at stake: The National Treasury Employees Union is fighting to maintain an injunction that has blocked the CFPB’s leadership from laying
CFPB shutdown battle reaches crucial D.C. Circuit hearing 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 »
What’s at stake: The Supreme Court struck down the White House’s sweeping tariff regime that went into effect last April in a 6-3 ruling. Expert quote: “The Government cannot identify any statute in which the power to regulate includes the power to tax.” — Supreme Court Chief Justice John Roberts, writing for the majority. Forward
Supreme Court strikes down Trump’s ‘Liberation Day’ tariffs Read More »
Key insight: A report from the White House Council of Economic Advisers claimed that the Consumer Financial Protection Bureau’s rules raised consumer interest rates and reduced the availability of credit since its inception. Supporting data: The report says the agency’s actions raised consumers’ borrowing costs by between $237 to $369 billion over the 13 years
White House report says CFPB raised borrowing costs Read More »
The Housing for the 21st Century Act — a sweeping housing reform package moving through Congress — is the boldest step yet in a broad federal push to increase housing supply and improve affordability. The legislation directs the U.S. Department of Housing and Urban Development (HUD) to publish “best practices” for states and local governments
What the Housing for the 21st Century Act means for real estate agents, lenders Read More »
The federal government should step in to prevent an emerging patchwork of state regulations from stifling the benefits of applying the tools of generative artificial intelligence to the mortgage market, writes Leah Price, of the Tinman AI Platform.Adobe Stock The federal government in December took the first steps toward steamrolling any potential bottlenecks that states
AI will ease the home-price crisis, if state lawmakers let it Read More »