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  • Trump budget surprise: Gutting the CFPB

    The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to HUD's budget, but that’s hardly the only impactful move that the budget proposal holds. Buried on the second-to-last page of Trump’s budget is a move that is sure to please Trump’s fellow Republicans and many in the housing industry as well – gutting the Consumer Financial Protection Bureau.

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Fannie Mae forced-place insurance program hits a roadblock

A federal agency that oversees Fannie Mae said Tuesday that it disapproved of Fannie's plan to require mortgage servicers to use only approved low-cost insurers, saying it would study ways to cut force-placed insurance costs for both Fannie and Freddie Mac.

Source: Law360
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