Tag Archives: regulations

CFPB is latest target of Trump’s downsizing government campaign

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Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading →

Democrats reintroduce bill to expose rental algorithms

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Minnesota Senator Amy Klobuchar has reintroduced the Preventing Algorithmic Collusion Act, inspired by the Department of Justice’s RealPage investigation. Continue reading →

Will HUD Secretary Scott Turner be good for housing?

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Broker and former U.S. Senate legislative correspondent Cara Ameer offers issue-by-issue analysis of the confirmation hearing for Scott Turner, newly confirmed as HUD Secretary. Continue reading →

Wells Fargo closes 2 more consent orders in quest to shed asset cap

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Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading →

Homebuilders warn they’re facing a 40% tariff on Canadian lumber

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In renewing a call that building materials be exempt from tariffs, trade group notes that more than 70 percent of imported softwood lumber and gypsum used for drywall comes from Canada and Mexico. Continue reading →

Wells Fargo is about to emerge from the regulatory woods

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Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices. Continue reading →

Trump’s executive order to address housing costs is short on specifics

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Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates. Continue reading →

Rollout of new mortgage credit scoring models pushed back

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Plan to require lenders working with Fannie and Freddie to use FICO Score 10 T and VantageScore 4.0 models by Q4 2025 has been dropped, with new implementation date “TBD.” Continue reading →

Trump nominates homebuilder scion to oversee Fannie, Freddie

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The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading →

FTC warns of massive spoofing op impersonating mortgage lenders

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“Green Mirage” phone scam targets homeowners in all 50 states from India, using the caller ID of the borrower’s actual mortgage lender and tricking victims into making payments to U.S.-based “mules.” Continue reading →