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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.

Items Tagged with 'Trump'

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Here's what will happen in housing and mortgages regardless of what Trump does next

This HousingWire webinar will give us a reality check
Trump news is everywhere. Most of it is speculation as to what he will do next, and what it will mean for the mortgage and housing markets. But, here's how to find out what will happen in the housing and mortgage markets regardless of what Trump does. Hurry, sign up now! Today's the day for this FREE webinar!
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Trump's latest revision: Keep Fed Chair Yellen and low-interest rates, too

"I like her, I respect her"
President Donald Trump tweaked a few of his previous alarming comments made on the future of America’s economy in a new interview with The Wall Street Journal. Back when he was running for office, Trump has made a handful of assertions on what he planned to do if president, including firing Federal Reserve Chair Janet Yellen. Is Yellen's job secure now?
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Monday Morning Cup of Coffee: Trump targets CFPB funding for greater control

Is his election slowing down affordable housing? California thinks so
President Donald Trump's budget proposal reportedly includes a big change for the CFPB. We have the details for you. Plus, will the Fed raise rates in March? Here's one way to get a clue. Also, did the Oscars get its first HUD joke? Twitter thinks so. And Trump's election appears to be costing California some much-needed affordable housing.
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The most powerful man in banking just quit on President Trump

Daniel Tarullo resigns from Fed board
The Wall Street Journal once referred to Daniel Tarullo as "The Most Powerful Man in Banking". Come April 5, that statement will no longer apply. Tarullo submitted his resignation as a member of the Board of Governors of the Federal Reserve System, in a letter to President Donald Trump.
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Investors rethink crowded Trump trade

Sell stock, buy bonds
The Wall Street Journal's Markets section today discussed a shift from investments in stocks over to bonds. The authors say investors are “recalibrating their conviction” in the Trump trade, a term used to describe market volatility in the wake of the presidential election outcome.
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Senate Democrats miss the mark calling Trump Treasury pick “foreclosure king”

What kind of foreclosures are we talking about here?
According to Jack Guttenberg Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania writing in the Huffington Post, Democrats may find it troubling to get the “foreclosure king” label to stick, primarily due to a level of misreporting in the media.
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Former SEC commissioner named to CFPB landing team by Trump transition team

Paul Atkins has been a critic of heavy regulation
Every day more details are coming out on what the Trump administration will look like. Tuesday the president-elect's team announced it selected a former Republican member of the Securities and Exchange Commission to be on the landing team for the Consumer Financial Protection Bureau. These teams are being created to work with the outgoing Obama administration at various federal agencies to smooth the transfer of power. Why is this one a big deal? The future of the CFPB is currently in question.
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Rick Lazio: Presidential candidates would do right to mention housing policy

Exclusive interview series with affordable housing expert, Part 1
The is the first of four interviews HousingWire will conduct in the next month and a half. Please read and support our unified cause of increasing the rate of responsible homeownership in this great nation. Feel free to repost and share — anything to keep our message alive.
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