Articles Tagged with ''Trump Administration''

Monday Morning Cup of Coffee: Senate set to vote on Trump’s CFPB nominee

Plus Amazon HQ2 killing affordable housing? And thoughts on "Monopoly for Millennials"
Last week, the biggest groups in housing called on the Senate to bring Kathy Kraninger's nomination to run the CFPB to a vote. And it looks like they're about to get their wish. Plus, did Amazon's HQ2 move kill more than 1,000 units of affordable housing? And, Monopoly for Millennials. Yes, it's real. And it's spectacular.
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Housing industry pushes Senate to confirm Kathy Kraninger as next CFPB director

NAR, MBA, NAHB, NMHC, others throw support behind Trump nominee
Under Mick Mulvaney, the CFPB (or BCFP, depending on who you ask) has taken a much gentler approach toward the financial services industry. That tactic is likely to continue if the Trump administration’s choice as a permanent director, Kathy Kraninger, is ever confirmed by the Senate. And that’s just what the housing industry is now loudly calling for.
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Washington Post: HUD staffer shuffled to new agency, confusion and suspicion reigns

In a surprise move, HUD Assistant Secretary Suzanne Israel Tufts has joined the Interior Department as acting inspector general
In a highly unusual move, U.S. Department of Housing and Urban Development Assistant Secretary Suzanne Israel Tufts was moved to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct.
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Monday Morning Cup of Coffee: With Kavanaugh confirmed, will Supreme Court take aim at the CFPB?

New swing justice previously declared bureau unconstitutional
In case you’ve been living under a rock for the last few days (and if you have, good for you…but how’d you get out from under there???), the Supreme Court has a new justice and balance of power of the nation’s highest court just swung decidedly to the right. So, does that mean that the CFPB will soon have to argue for its structure or very existence before the Supreme Court? The new justice has already declared the bureau unconstitutional. Here's a look at what's next.
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Top housing groups push Trump administration, Congress to enact permanent GSE reform

Housing industry’s biggest acronyms want formalized, stable changes
With the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship nigh upon us, a coalition of the housing industry’s largest trade groups, affordable housing advocates, and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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Trump cancels looming pay raise for federal workers

Workers at HUD, FHA, FHFA, other agencies see raises disappear
Nearly two million federal government employees, including many at the Department of Housing and Urban Development, the Federal Housing Administration, the Department of Veterans Affairs, the Federal Housing Finance Agency, and all other federal agencies, were due a pay raise in January, but that won’t happen anymore.
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Trump administration considering changes to Community Reinvestment Act

OCC invites comments on how to “modernize” CRA regulations
The Trump administration is considering making changes to the Community Reinvestment Act, the federal law that requires banks to meet the credit needs of all communities they serve, including low- and moderate-income neighborhoods. The Office of the Comptroller of the Currency announced Tuesday that it is looking to “modernize” the CRA and wants public comments on how best to do so.
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New York Times: Housing affordability issue is getting worse, government continues to reduce aid

Ben Carson, Trump administration appear committed to reducing housing assistance
In the face of the growing housing affordability crisis, HUD Secretary Ben Carson and the Trump administration are holding course on their proposed reduction of housing assistance. According to the New York Times, local housing authorities are feeling the squeeze and as many as three out of four eligible applicants for housing vouchers are being turned away.
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Housing finance reform should fix what’s broken

What does housing finance reform look like?
[Expert commentary] Nearly 10 years after Fannie Mae and Freddie Mac were placed into conservatorship, housing finance reform remains the single largest piece of unfinished business of the housing crisis. The failure of Fannie and Freddie, the taxpayer bailout and repayment that followed, and their unresolved conservatorship continue to demand final resolution, even if Congress does not.
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FHA commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending

FHA wants the big banks to come back
In recent years, many of the nation’s largest lenders moved away from FHA lending, scared off by the government’s use of the False Claims Act as a means to extract massive settlements from lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
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