Items Tagged with 'Donald Trump'

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Sources: Trump plans repeal of FHA mortgage insurance premium cut

Will it be a delay or an indefinite delay?
With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.
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These housing experts will answer all of your Trump questions

Join us for a FREE webinar and Q&A
As the guard changes in Washington, so does the housing and mortgage finance industries we rely on for making our living. Do you have questions on what the Trump mortgage nation will look like? The editorial department at HousingWire gathered housing finance experts to answer all your questions. Don't miss your chance to get in on the action, completely FREE.
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Democrats want "victims of Mnuchin foreclosure machine" to testify at Treasury nominee hearing

25 senators call for OneWest customers to speak at Mnuchin's hearing
Senate Democrats recently began collecting complaints from consumers about Steve Mnuchin and OneWest Bank in preparation for Mnuchin’s confirmation hearing to serve as the next Secretary of the Department of the Treasury. What wasn’t known at the time is what exactly the Democrats planned to do with those complaints. But Friday, the Democrats showed their hand, asking the leadership of the Senate Committee on Finance to allow “victims of Mnuchin foreclosure machine” to testify at Mnuchin’s confirmation hearing.
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Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19

Former Goldman Sachs, OneWest Bank exec likely to be grilled by Democrats
On Friday, the Senate Committee on Finance announced that the confirmation hearing for Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, will take place on Thursday, Jan. 19. The Democrats are expected to grill Mnuchin for his time with OneWest Bank, which was accused of redlining and illegal foreclosure activities under his leadership.
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Federal Trade Commission chair Edith Ramirez resigns

President-elect Trump will staff another top financial regulator
Recently, Mary Jo White announced that she planned to step down as the chair of the SEC at the end of the Obama administration. President-elect Donald Trump selected Jay Clayton, a top Wall Street lawyer who represented Goldman Sachs, Bear Stearns, Ally Financial, Barclays Capital and others, to serve as the new chair of the SEC. Now, another one of the Obama administration’s top financial regulators announced that she plans to step down, giving Trump another opportunity to pick the new head of a financial regulator.
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Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

Confirms that Trump team was not consulted on Obama administration’s decision
Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
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Will Trump, Republicans overturn latest FHA mortgage insurance cut?

Hensarling: Obama's "parting gift" puts FHA at risk of bailout
While many in the housing industry appear pleased by the Department of Housing and Urban Development’s decision to cut Federal Housing Administration mortgage insurance premiums later this month, the real question is whether the cuts, announced by a Democratic administration in its last days, will survive under the new Republican administration.
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[Video] This is why the founder of Quicken Loans is ready for Trump

He is done with this "crazy regulations" environment
Taking a break from the North American International Auto Show in Detroit, Quicken Loans founder Dan Gilbert sat down for an interview with Bloomberg to discuss another big sector on his radar, mortgages. Quicken Loans is in the middle of a landmark battle against the U.S. Department of Justice, which Gilbert discusses in the interview and gives his thoughts on settling.
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