A vote to reappoint 11 of the Fed’s 12 regional bank presidents puts an end to speculation that Trump administration might try to unseat inflation hawks opposed to interest rate cuts. Continue reading
Since the original charges against James were thrown out in November, the DoJ has reportedly tried and failed to obtain indictments from two different federal grand juries. Continue reading
After hitting a 2025 low on Oct. 28, mortgage rates continue to rise as hopes dim for a December Fed rate cut. Futures market investors on Wednesday saw only a 34 percent chance of a Dec. 10 rate cut, down from 94 percent in October. Continue reading
The resignation of Biden appointee Adriana Kugler and pending retirement of Atlanta Fed President Raphael Bostic renews speculation that Trump will seek to undermine Fed independence. Continue reading
$3.9 billion in competitive grant funding will favor transitional housing with employment and addiction treatment requirements, and allow faith-based groups to submit bids to provide services. Continue reading
The proposal from Trump is a reminder that the industry must evolve, Darryl Davis writes, but evolution without diligence can lead to structural weakness. Continue reading
The American Enterprise Institute estimates that 64 percent of homes sold by the largest homebuilders provide permanent mortgage rate buydowns, which often don’t count as seller concessions. Continue reading
FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading
A dozen officials in Fannie Mae’s ethics and internal investigations unit were among 62 people fired on Thursday, “The Wall Street Journal” reports, citing anonymous sources. Continue reading
For the real estate and mortgage industries, it remains to be seen how the new course the Trump administration has set for Fannie and Freddie will impact homebuyers. Continue reading