Items Tagged with 'President Donald Trump'

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  • Trump administration reportedly souring on sweeping Fannie, Freddie reform prior to 2020 election

    Bloomberg: Trump admin is concerned about political fallout of GSE reform
    Despite momentum towards actually ending the conservatorship of Fannie Mae and Freddie Mac seemingly growing by the day, the Trump administration is reportedly concerned about the impact of widespread housing finance reform in advance of the 2020 election. And because of that concern, the administration may be considering holding off on significant reforms to the GSEs for at least another 18 months.
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  • Trump signs executive order to tackle lack of affordable housing

    Establishes council to eliminate barriers to development
    President Donald Trump signed an executive order Tuesday that establishes a White House Council tasked with identifying and removing barriers hindering the development of affordable housing. In effect, he is “tearing down red tape in order to build more affordable housing,” a White House release said.
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  • Trump calls on Federal Reserve to lower interest rates

    Wants return of quantitative easing
    The Federal Reserve, which has increased interest rates numerous times in the last few years, recently signaled that it does not plan to increase interest rates any more for the remainder of this year. But if it was up to President Donald Trump, the Fed would be cutting interest rates instead.
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  • Housing industry responds to Trump's calls for housing finance reform

    Groups applaud president's official step toward instigating long-awaited change
    On Wednesday, President Donald Trump signed a memorandum calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The memorandum details programs and objectives that the government agencies are asked to analyze for reform, but it doesn't provide many other specifics. Absent concrete details for change, most groups in the housing space applauded the president's move as an necessary step toward instigating much-needed change.
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  • Trump asks HUD to address financial viability of reverse mortgage program

    Housing finance reform to include assessment of HECMs
    President Donald Trump this week put into motion federal action on the "overdue reform of the housing finance system." Among the president's to-do list for the HUD secretary: address the financial viability of the reverse mortgage program, and report back to him promptly with a detailed plan for reform.
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  • 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.
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  • HUD inspector general investigating whether Trump administration slowed disaster aid to Puerto Rico

    Watchdog said it plans to report findings to Congress
    The Department of Housing and Urban Development Office of the Inspector General is looking into whether the White House interfered with aid approved for Puerto Rico as the island struggled to recover from 2017's Hurricane Maria. HUD-OIG attorney Jeremy Kirkland told members of the House Financial Services Committee on Tuesday that it will be meeting with congressional lawmakers to request a probe.
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  • This is how much unpaid federal workers owe in housing payments

    Federal workers owe $438 million across mortgage, rent payments
    As the government shutdown heads into its 16th day, thousands of federal workers have been left without pay. Unfortunately, these Americans, like many around the country, still have to pay for their housing. This is the total amount of mortgage and rent payments at risk.
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  • Trump picks former CFPB Director Mick Mulvaney to be White House chief of staff

    Mulvaney gets a new job in the administration after all
    President Donald Trump has apparently long considered Mick Mulvaney to serve as White House chief of staff, and now, after numerous fits and starts to that process, Mulvaney is finally set to replace John Kelly in that role. Trump announced via Twitter on Friday afternoon that he is naming Mulvaney as the “acting” White House chief of staff. According to Trump, Mulvaney will officially take over as chief of staff when Kelly leaves the administration at the end of this year.
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  • Monday Morning Cup of Coffee: Nation honors veterans while wildfires ravage California and Trump tweets incite anger

    Plus, Amazon H2Q speculation sends ripples through real estate markets
    Today, the nation honors the 20 million American veterans who have fought for their country on the 100-year anniversary of the armistice of World War I. Also, as intense wildfires continue to ravage California, President Donald Trump tweets that mismanagement has led to the destruction, inciting a flurry of criticism. We’ve got all that and more in your Monday Morning Cup of Coffee.
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