The next wave of servicing regulation is coming – Are you ready?

Join this webinar to learn what servicers need to know about recent and upcoming servicing compliance regulations and strategies experts are implementing to prepare for servicing regulatory audits.

Inside Look: RealTrends 2021 Brokerage Compensation Study

Steve Murray, senior advisor to RealTrends, gives an exclusive first look at the 2021 RealTrends Brokerage Compensation Report.

Logan Mohtashami on trends in forbearance exits

In this episode of HousingWire Daily, Logan Mohtashami discusses several hot topics in the housing market, including recent trends in forbearance exits and future homebuyer demand in the midst of inventory shortages.

How lenders can prepare for increasing regulatory pressures

As compliance becomes an increased focal point for mortgage lenders and investors, staying ahead of state and federal regulations can be the difference between a flourishing business and one mired in fines.

Real Estate

President Trump declares June National Homeownership month

Expresses commitment to increase homeownership rate

In continuance of past tradition, President Donald Trump today declared June as National Homeownership month.

White House Press Secretary Sean Spicer tweeted out the president’s commitment to increasing the U.S. homeownership rate. 

The declaration starts off by explaining the importance of homeownership, saying it benefits the nation’s families and communities. It emphasizes that for many Americans, owning a home is essential to living the American Dream.

“In the years since the Great Recession, homeownership rates have dipped to historic lows,” the declaration states. “Many Americans are not confident they will ever own a home, a tragic consequence of a decade of weak economic growth, excessive regulations and stagnant wages.”

“Many young families are unable to achieve the independence they desire because they have difficulty saving for a down payment, overcoming regulatory burdens or gaining access to adequate credit,” the declaration continued. “These challenges are even more pronounced for minorities, whose homeownership rates remain substantially below those of their fellow Americans.”

The president vowed to help the middle class achieve homeownership, and said he is working with Congress on a pro-growth plan.

“These policies will unshackle our economy and create and sustain high-paying jobs so that more Americans have the resources and freedom they deserve to fulfill their American Dream.

The official White House also announced the president’s declaration on Twitter.

Recognition of homeownership began as a week-long celebration in 1995, and was later proclaimed to last the entire month of June in 2002 under former President George Buck, according to a blog from Freddie Mac.

So far, housing has fallen to the backburner as the Trump administration focuses on its tax plan and repealing and replacing Obamacare. However Treasury Secretary Steven Mnuchin says GSE reform will come in this administration, and Trump continues to move forward in his plans to roll back the Dodd-Frank Wall Street Reform Act and lessen regulations in the housing industry.

The president’s POTUS Twitter account does not reflect his deep commitment to homeownership, but instead shows a retweet about his declaration of June being the national Great Outdoors month.

Most Popular Articles

Treasury removes restrictions on investment properties

The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.

Sep 14, 2021 By

Latest Articles

Natural disasters and forbearance: What borrowers and mortgage servicers need to know

The United States is grappling with a sharp rise in natural disasters, including wildfires, an active hurricane season, floods, tornadoes and mudslides. The mortgage industry needs to be proactive in examining programs to help borrowers recover.

Sep 17, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please