Items Tagged with 'Treasury Department'

ARTICLES

  • White House announces long-awaited updates to Opportunity Zone rules

    Clarifies regulations to encourage more development
    The Treasury Department released a second round of rules clarifying requirements for Opportunity Zones recently in a move designed to encourage more development in low-income areas. The new rules are intended to make it easier for developers looking to take advantage of the tax breaks promised by investing in Opportunity Zones, and clear up some of the confusion that was holding investors back.
    Read More
  • Trump officially calls for end to Fannie Mae, Freddie Mac conservatorship

    White House issues release calling for "overdue reform of the housing finance system"
    President Donald Trump is officially calling for an end to the conservatorship of Fannie Mae and Freddie Mac, according to a White House release issued Wednesday. Trump is expected to sign a memorandum later today issuing "overdue reform of the housing finance system," the White House said, marking the administration’s first official move to instigate a plan for GSE reform.
    Read More
  • Trump to sign memorandum on housing finance reform

    Expected to direct HUD and Treasury to draft reports on GSE reform
    President Donald Trump is expected to sign a memorandum on housing finance reform Wednesday, on the second day of Senate Banking Committee hearings on GSE reform that are intensifying the debate over removing Freddie Mac and Fannie Mae from conservatorship.
    Read More
  • Here’s what title insurers need to know about the feds’ new rules for all-cash real estate deals

    Deloitte experts on FinCEN’s new requirements
    [Expert commentary] Last month, the Treasury Department’s Financial Crimes Enforcement Network announced that it was expanding on its rules that require title insurers to report buyers’ identities and the source of the funds for certain residential real estate deals. Here's what title insurers need to know about the new rules and what they can do to comply with them.
    Read More
  • Trump administration unveils new rules for Opportunity Zones

    Proposed regulations meant to provide clarity around new investment opportunities
    Aiming to answer some of the lingering questions surrounding Opportunity Zones, the Department of the Treasury late last week unveiled a number of new rules and regulations designed to provide clarity to investors on the tax implications of investing in the newly designated areas. Here's a look at the new rules.
    Read More
  • Trump administration wants to make it easier to save for retirement

    Executive order seeks to strengthen retirement security
    Americans have not saved enough for retirement, and it’s a problem that some are calling a looming crisis as the population continues to age. President Donald Trump addressed the issue today, signing an executive order that would expand access to retirement savings plans for American workers.
    Read More
  • Trump administration calls for sweeping changes to financial ecosystem

    “Regulatory sandboxes,” eMortgages, online notarization, automated appraisals, more
    The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the financial industry’s technological revolution, upend the current regulatory environment, and potentially change the face of mortgage lending.
    Read More
  • Former Treasury official David Dworkin joins National Housing Conference as CEO

    Most recently served as a senior housing policy advisor at Treasury
    The National Housing Conference, a nonprofit fair housing advocate, announced this week it hired David Dworkin to serve as the organization’s new president and CEO. Dworkin comes to NHC from the Department of the Treasury, where he most recently served as a senior housing policy advisor in the Office of Domestic Finance.
    Read More