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  • The end of Fannie, Freddie conservatorship? Trump reportedly picking Mark Calabria to lead FHFA

    Calabria currently serves as VP Mike Pence's economist
    Long-time housing finance reform advocate Mark Calabria is reportedly the Trump administration's choice to lead the FHFA after Mel Watt's term ends early next year. Calabria currently serves as Vice President Mike Pence's chief economist. As Pence's economist, Calabria famously called for the end of the conservatorship of Fannie Mae and Freddie Mac. Is that a sign of things to come?
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  • Trump blames Fed for stock market nosedive

    President told reporters he thinks the Fed went "crazy"
    President Donald Trump is quadrupling down on his ire toward the Federal Reserve’s rate hikes. On the Tarmac at Erie International Airport, he blamed Wednesday’s market meltdown on the Fed, telling reporters, "The Fed is making a mistake," and saying, "I think the Fed has gone crazy."
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  • HUD seeks public comment on AFFH amendments

    The Affirmatively Furthering Fair Housing Rule is up for restructuring
    On Monday, HUD announced it is moving forward with its goals of “streamlining” the controversial Affirmatively Furthering Fair Housing Rule by inviting public comment on proposed amendments to it. The embattled regulations were originally enacted by the Obama administration to assess and encourage diversity in communities receiving HUD funds.
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  • President Trump signs Dodd-Frank rollback into law

    Republicans hope to extend regulatory relief to small bankers
    President Donald Trump signed a major Dodd-Frank rollback into law Thursday, hoping to bring regulatory relief to community banks across the U.S. The president explained Dodd-Frank’s costly regulations gave large banks a negative advantage at the cost of small banks throughout the country.
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  • Bloomberg: U.S. posts biggest budget deficit since 2012

    Trump's first 12 months in office
    "The data underscore concerns by some economists that Republican tax cuts enacted this year could increase the U.S. government debt load, which has surpassed $20 trillion. The tax changes are expected to reduce federal revenue by more than $1 trillion over the next decade, while a $300 billion spending deal reached by Congress in February could push the deficit higher."
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