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Trump administration

Real estate leaders applaud Trump’s focus on housing, but question the impact

Affordability, Anthony Lamacchia, Bess Freedman, Brokerage, Donald Trump, Fannie Mae, Freddie Mac, HomeServices of America, HWmember, Institutional investors, Lamacchia Realty, Legislation, Real Estate, Trump administration /

During his speech at the World Economic Forum in Davos on Wednesday President Donald Trump outlined three policy initiatives he was undertaking to help improve housing affordability for American consumers. In the speech, he did discuss his “ban” on large institutional investors purchasing single-family homes, his direction to the government-sponsored enterprises (GSEs) to acquire up […]

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Trump’s 401(k) proposal could help homebuyers, hurt retirement funds

Affordability, Donald Trump, Down Payment Assistance, Homeownership, HWmember, LendingLife, Mortgage, Politics, Retirement, Trump administration /

President Donald Trump’s expected proposal to allow Americans to tap their 401(k) retirement accounts without penalties to fund down payments could ease one of the biggest barriers to homeownership, but it could come at the cost of weakening long-term retirement security. The idea was absent from Trump’s speech on Wednesday at the World Economic Forum

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Trade groups push for lower FHA premiums, LLPA cuts

Affordability, credit report, FHA loan, Government Lending, HWmember, Independent Community Bankers of America, Mortgage, Mortgage Bankers Association, Mortgage insurance, Regulatory, Trump administration, White House /

Multiple mortgage lending trade groups are urging the White House to take administrative steps to lower the costs of home loans, arguing that federal regulations have driven up borrowing expenses as affordability worsens. In a letter sent Wednesday to White House National Economic Council Director Kevin Hassett, the Mortgage Bankers Association, America’s Credit Unions and

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Justices wary of Trump’s urgent need to remove Fed’s Cook

Federal Reserve, Litigation, Trump administration /

Key insight: The Supreme Court Wednesday expressed skepticism of the government’s argument for expansive presidential power in removing Federal Reserve governors.  Expert quote: “Your position that there’s no judicial review, no process required, no remedy available, [and] a very low bar for cause that the president alone determines. That would weaken, if not shatter, the

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Trump heads to Davos with housing ideas as industry looks for concrete fixes

Affordability, Community Home Lenders of America, Donald Trump, HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Regulatory, Trump administration /

Housing industry participants will closely watch President Donald Trump in Davos, where he is expected to outline measures aimed at improving housing affordability. His speech is expected for Wednesday. Potential initiatives include ideas Trump has already floated on social media, such as encouraging Fannie Mae and Freddie Mac to expand their purchases of mortgage-backed securities

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DOJ investigation clouds future of Fed chair nomination

Department of Justice, Donald Trump, Federal Reserve, HWmember, Jerome Powell, Legal, Politics, Regulatory, Trump administration /

The future of the Federal Reserve‘s leadership is in limbo due to an investigation into current Fed Chair Jerome Powell that has prompted bipartisan backlash. Following the news about a Department of Justice (DOJ) probe into Powell, Sens. Thom Tillis (R-N.C.) and Elizabeth Warren of (D-Mass.) accused Trump of using the DOJ to pressure Powell

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Fed’s Bowman ‘continues to see downside risk’ to labor market

Fed’s Bowman ‘continues to see downside risk’ to labor market

Federal Reserve, Interest rates, Monetary policy, Trump administration /

Al Drago/Bloomberg Processing Content Key Insight: Fed Vice Chair Michelle Bowman said labor market risks remain elevated and cautioned against signaling a policy pause as the central bank weighs its next moves. Expert Quote: “We should also avoid signaling that we will pause without identifying that conditions have changed. Doing so will indicate that we

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Former Fed officials: Markets still trust Fed independence

Former Fed officials: Markets still trust Fed independence

Federal Reserve, Monetary policy, Trump administration /

Andrew Harrer/Bloomberg Processing Content Key Insight:  A panel of former Federal Reserve officials discussed the implications of a probe into Fed Chair Jerome Powell, saying the market’s muted reaction reflected political pushback against a potential indictment. Expert Quote:  “Markets think these institutions will be strong enough to withstand these types of shocks.” — Randall Kroszner,

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Trump says furor over Powell probe won’t delay Fed pick

Economy, Federal Reserve, Politics and policy, Trump administration /

(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his

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Markets, lawmakers scramble amid DOJ inquiry into Fed

Markets, lawmakers scramble amid DOJ inquiry into Fed

Federal Reserve, Monetary policy, Politics and policy, Trump administration /

Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a

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