Items Tagged with 'OMB'


  • Monday Morning Cup of Coffee: What will Amazon's new HQ do to home prices?

    Trump to announce new Fed chair this week
    The deadline officially closed on applications to be the home of Amazon’s second headquarters. While the new headquarters is projected to create up to 50,000 new jobs, one negative side effect could be rising home prices for the city. Meanwhile, President Donald Trump is expected to announce next week who the much-anticipated Federal Reserve chair will be.
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  • OMB Director Mulvaney calls for canceling NFIP's $16 billion debt

    Tells Trump: "The program must also be reformed"
    The strength of the National Flood Insurance Program was put to the test after the devastating destruction from Hurricane Harvey, Irma and Maria, and unfortunately, it failed to hold up. In a letter to the president, Office of Management and Budget Director Mick Mulvaney addressed how the program requires immediate financial relief and future reform.
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  • President Trump taps Russ Vought to be OMB deputy director

    To serve directly under leadership of Mick Mulvaney
    President Donald Trump tapped Russ Vought to serve as deputy director of the Office of Management and Budget, where he will serve under Director Mick Mulvaney. The two will be tasked with reducing regulation, controlling regulatory costs and more, so expect to see their names pop up a lot more in housing finance news.
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  • Trump nominates Mick Mulvaney for director of the Office of Management and Budget

    Appointment could create hurdles for CFPB regulations
    Rep. Mick Mulvaney, R-S.C., is one of the latest nominations to come out of Trump’s team. The president-elect selected Mulvaney for director of the Office of Management and Budget. While not much is known about him right now, what we do know so far could change the way the CFPB deals with regulations.
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  • Can you guess the financial weight of Fannie and Freddie?

    Bipartisan Policy Center: No, and here's why
    A huge portion of the nation’s budget is impacted by housing, which includes what goes on with Fannie Mae and Freddie Mac. Housing experts discussed what the federal government’s conservatorship of the government-sponsored enterprises could mean for the budget.
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