Items Tagged with 'Trump Administration'

ARTICLES

  • New York Times: Housing affordability issue is getting worse, government continues to reduce aid

    Ben Carson, Trump administration appear committed to reducing housing assistance
    In the face of the growing housing affordability crisis, HUD Secretary Ben Carson and the Trump administration are holding course on their proposed reduction of housing assistance. According to the New York Times, local housing authorities are feeling the squeeze and as many as three out of four eligible applicants for housing vouchers are being turned away.
    Read More
  • Housing finance reform should fix what’s broken

    What does housing finance reform look like?
    [Expert commentary] Nearly 10 years after Fannie Mae and Freddie Mac were placed into conservatorship, housing finance reform remains the single largest piece of unfinished business of the housing crisis. The failure of Fannie and Freddie, the taxpayer bailout and repayment that followed, and their unresolved conservatorship continue to demand final resolution, even if Congress does not.
    Read More
  • FHA commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending

    FHA wants the big banks to come back
    In recent years, many of the nation’s largest lenders moved away from FHA lending, scared off by the government’s use of the False Claims Act as a means to extract massive settlements from lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders back into FHA lending.
    Read More
  • Embattled CFPB Deputy Director Leandra English giving up leadership fight, leaving bureau

    Resigning in wake of Trump naming new official director
    While there will still likely be a fight from Democrats over President Donald Trump nominating Kathy Kraninger to serve as the next director of the CFPB, the messy battle over who would replace former director Richard Cordray on an interim basis appears to be over. Leandra English, who sued the government after Trump named Mick Mulvaney acting director, is planning to step down from the bureau and give up her fight over the bureau’s leadership.
    Read More
  • End of conservatorship? Trump administration proposes privatizing Fannie Mae, Freddie Mac

    Government reveals plan to reshape country’s housing finance system
    Later this year, the housing industry will “celebrate” the 10-year anniversary of Fannie Mae and Freddie Mac being taken into conservatorship at the height of the housing crisis, but if the Trump administration has its way, the conservatorship of the government-sponsored enterprises could actually be ending soon.
    Read More
  • Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

    White House confirms OMB official will be named to lead agency
    On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders.
    Read More
  • NAHB: Lumber tariffs increasing cost of homebuilding

    Costs have increased since tariffs imposed last year
    One question the homebuilding industry is faced with, especially while housing inventory remains low, is why hasn’t there been a larger response from the homebuilding industry to add more homes to the market? According to the NAHB's chief economist, one of those reasons is the rising cost of lumber.
    Read More
  • Coalition of states, cities join fight to force HUD to enforce Obama fair housing rule

    Maryland, California, Massachusetts, Oakland, Seattle, others want AFFH rule back
    The fair housing advocates that are suing the Department of Housing and Urban Development and HUD Secretary Ben Carson over the Trump administration moving to delay a controversial Obama-era fair housing rule already have support from the state of New York, and they now have a whole new group of allies in their corner.
    Read More
  • Fifth Third exec Jelena McWilliams to become FDIC chair

    Former Senate staffer confirmed to replace Martin Gruenberg
    President Donald Trump’s remaking of the country’s financial regulatory system is about to take another step forward, as another of Trump’s handpicked choices is about to take over at one of the nation’s top financial regulators. On Thursday, the Senate voted to approve Jelena McWilliams to take over as the next chair of the Federal Deposit Insurance Corp.
    Read More
  • HUD kills key tool used to enforce Obama fair housing rule

    HUD withdraws “Local Government Assessment Tool”
    The Trump administration just took another significant step toward derailing a controversial fair housing rule issued by the Obama administration in 2015. HUD announced late Friday afternoon that it is “withdrawing” a computer tool that was to be used to enforce the Obama administration’s Affirmatively Furthering Fair Housing rule.
    Read More