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  • FHA raises reverse mortgage loan limits

    The Federal Housing Administration has increased the maximum claim amount for reverse mortgages for the third consecutive year, announcing Friday that it will raise HECM claim amounts to $726,525 in 2019. What does this mean for the HECM? Click the headline to find out.

  • FHA loan limits to increase in most of U.S. in 2019

    The Federal Housing Administration announced its new loan limits for 2019, and it looks like most of the country will see an increase. These new loan limits will be effective for FHA loans assigned on or after January 1, 2019. Click the headline to see the new loan limits.

Items Tagged with 'Trump Administration'

ARTICLES

  • What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

    Analysts weigh Calabria’s potential impact
    The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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  • It's official: Senate approves Kathy Kraninger to serve as next CFPB director

    Trump's nominee set to take over for Mick Mulvaney
    Long the target of Republican ire, the Consumer Financial Protection Bureau will soon be run by the Republican president's handpicked choice. In what amounted to an anticlimactic vote in a nearly empty Senate chamber, the Senate, voting along party lines, voted Thursday to approve Kathy Kraninger as the next director of the CFPB.
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  • Monday Morning Cup of Coffee: Senate set to vote on Trump’s CFPB nominee

    Plus Amazon HQ2 killing affordable housing? And thoughts on "Monopoly for Millennials"
    Last week, the biggest groups in housing called on the Senate to bring Kathy Kraninger's nomination to run the CFPB to a vote. And it looks like they're about to get their wish. Plus, did Amazon's HQ2 move kill more than 1,000 units of affordable housing? And, Monopoly for Millennials. Yes, it's real. And it's spectacular.
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  • Housing industry pushes Senate to confirm Kathy Kraninger as next CFPB director

    NAR, MBA, NAHB, NMHC, others throw support behind Trump nominee
    Under Mick Mulvaney, the CFPB (or BCFP, depending on who you ask) has taken a much gentler approach toward the financial services industry. That tactic is likely to continue if the Trump administration’s choice as a permanent director, Kathy Kraninger, is ever confirmed by the Senate. And that’s just what the housing industry is now loudly calling for.
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  • Washington Post: HUD staffer shuffled to new agency, confusion and suspicion reigns

    In a surprise move, HUD Assistant Secretary Suzanne Israel Tufts has joined the Interior Department as acting inspector general
    In a highly unusual move, U.S. Department of Housing and Urban Development Assistant Secretary Suzanne Israel Tufts was moved to the Interior Department to serve as acting inspector general overseeing four investigations into Secretary Ryan Zinke’s conduct.
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  • Monday Morning Cup of Coffee: With Kavanaugh confirmed, will Supreme Court take aim at the CFPB?

    New swing justice previously declared bureau unconstitutional
    In case you’ve been living under a rock for the last few days (and if you have, good for you…but how’d you get out from under there???), the Supreme Court has a new justice and balance of power of the nation’s highest court just swung decidedly to the right. So, does that mean that the CFPB will soon have to argue for its structure or very existence before the Supreme Court? The new justice has already declared the bureau unconstitutional. Here's a look at what's next.
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  • Top housing groups push Trump administration, Congress to enact permanent GSE reform

    Housing industry’s biggest acronyms want formalized, stable changes
    With the 10-year anniversary of the government taking Fannie Mae and Freddie Mac into conservatorship nigh upon us, a coalition of the housing industry’s largest trade groups, affordable housing advocates, and others is calling on the Trump administration and Congress to enact permanent reforms to the government-sponsored enterprises.
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  • Trump cancels looming pay raise for federal workers

    Workers at HUD, FHA, FHFA, other agencies see raises disappear
    Nearly two million federal government employees, including many at the Department of Housing and Urban Development, the Federal Housing Administration, the Department of Veterans Affairs, the Federal Housing Finance Agency, and all other federal agencies, were due a pay raise in January, but that won’t happen anymore.
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  • Trump administration considering changes to Community Reinvestment Act

    OCC invites comments on how to “modernize” CRA regulations
    The Trump administration is considering making changes to the Community Reinvestment Act, the federal law that requires banks to meet the credit needs of all communities they serve, including low- and moderate-income neighborhoods. The Office of the Comptroller of the Currency announced Tuesday that it is looking to “modernize” the CRA and wants public comments on how best to do so.
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  • 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.
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