Items Tagged with 'President-elect'

ARTICLES

  • Sources: Trump plans repeal of FHA mortgage insurance premium cut

    Will it be a delay or an indefinite delay?
    With President-elect Trump’s inauguration mere hours away, it appears that the Trump administration will do more than just “examine” the FHA premium cut once Trump is sworn on. According to multiple sources, the FHA premium cut, which is currently scheduled to go into effect on January 27, will be delayed, if not done away with entirely, by the incoming Trump administration.
    Read More
  • Democrats want "victims of Mnuchin foreclosure machine" to testify at Treasury nominee hearing

    25 senators call for OneWest customers to speak at Mnuchin's hearing
    Senate Democrats recently began collecting complaints from consumers about Steve Mnuchin and OneWest Bank in preparation for Mnuchin’s confirmation hearing to serve as the next Secretary of the Department of the Treasury. What wasn’t known at the time is what exactly the Democrats planned to do with those complaints. But Friday, the Democrats showed their hand, asking the leadership of the Senate Committee on Finance to allow “victims of Mnuchin foreclosure machine” to testify at Mnuchin’s confirmation hearing.
    Read More
  • Steve Mnuchin, Trump Treasury pick, to face Senate on Jan. 19

    Former Goldman Sachs, OneWest Bank exec likely to be grilled by Democrats
    On Friday, the Senate Committee on Finance announced that the confirmation hearing for Steve Mnuchin, the Trump administration’s choice to lead the Department of the Treasury, will take place on Thursday, Jan. 19. The Democrats are expected to grill Mnuchin for his time with OneWest Bank, which was accused of redlining and illegal foreclosure activities under his leadership.
    Read More
  • Federal Trade Commission chair Edith Ramirez resigns

    President-elect Trump will staff another top financial regulator
    Recently, Mary Jo White announced that she planned to step down as the chair of the SEC at the end of the Obama administration. President-elect Donald Trump selected Jay Clayton, a top Wall Street lawyer who represented Goldman Sachs, Bear Stearns, Ally Financial, Barclays Capital and others, to serve as the new chair of the SEC. Now, another one of the Obama administration’s top financial regulators announced that she plans to step down, giving Trump another opportunity to pick the new head of a financial regulator.
    Read More
  • Ben Carson pledges to "really examine" latest FHA mortgage insurance premium cut

    Confirms that Trump team was not consulted on Obama administration’s decision
    Earlier this week, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, told reporters that he does not expect the incoming Trump administration to repeal HUD’s decision to cut Federal Housing Administration mortgage insurance premiums. On Thursday, Ben Carson, President-elect Trump's choice to lead HUD, said the the incoming administration plans to "really examine" the Obama administration's decision before determining a course of action.
    Read More
  • Will Trump, Republicans overturn latest FHA mortgage insurance cut?

    Hensarling: Obama's "parting gift" puts FHA at risk of bailout
    While many in the housing industry appear pleased by the Department of Housing and Urban Development’s decision to cut Federal Housing Administration mortgage insurance premiums later this month, the real question is whether the cuts, announced by a Democratic administration in its last days, will survive under the new Republican administration.
    Read More
  • Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

    Plus trouble brewing for Canada’s housing market
    In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
    Read More
  • Confirmation hearing for HUD nominee Ben Carson set for Jan. 12

    Carson to appear before Senate Committee on Banking, Housing, and Urban Affairs
    Over the last few days, Ben Carson, President-elect Donald Trump’s choice to lead the Department of Housing and Urban Development, met with several senators in preparation for his upcoming confirmation hearing. But Carson’s real moment of truth is coming soon, as the Senate Committee on Banking, Housing, and Urban Affairs announced Thursday that it set the date for Carson’s confirmation hearing.
    Read More
  • Trump taps top Wall Street lawyer, Jay Clayton, to chair SEC

    Represented Goldman Sachs, Bear Stearns, Ally, others during financial crisis
    One of the financial sector's top regulators will soon have a new leader, as President-elect Donald Trump announced Wednesday that he plans to nominate a top Wall Street lawyer to fill the position of chair of the Securities and Exchange Commission. Trump chose Jay Clayton, who represented Goldman Sachs, Bear Stearns, Ally Financial, Barclays Capital and a number of other large financial institutions during and after the financial crisis, to serve as the new chair of the SEC.
    Read More