Items Tagged with 'Trump Administration'

ARTICLES

  • WSJ: Trump administration set to release plan on Fannie, Freddie privatization

    Finalizing proposal that would improve GSEs' footing, then set them free
    The Treasury Department is preparing to release a plan detailing the privatization of Fannie Mae and Freddie Mac, inside sources told The Wall Street Journal Thursday. The plan is being finalized now and promotes a "recap and release" strategy that would put the GSEs on more solid footing and then release them from government control.
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  • Federal Savings Bank CEO indicted for approving Manafort mortgages in attempt to land top job in Trump administration

    Stephen Calk accused scheming with Paul Manafort in quid-pro-quo deal
    Stephen Calk, the CEO and founder of the Federal Savings Bank of Chicago, was indicted Thursday for approving $16 million in mortgage loans for Paul Manafort in exchange for the former Trump campaign chairman’s help in landing a senior post with the administration. The move was unsuccessful, in more ways than one. Click the headline for the full story.
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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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  • Who is Maren Kasper, the new head of Ginnie Mae?

    Former Roofstock director at the center of numerous issues at HUD
    Ginnie Mae said Wednesday that Maren Kasper, Ginnie Mae’s current executive vice president, will serve as acting president in Michael Bright’s absence. But what do we know about Kasper, who will soon be overseeing an agency that boasts a mortgage bond portfolio of more than $1 trillion? A look into Kasper finds housing experience, but also numerous issues during her time at HUD.
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  • Michael Bright abruptly steps down from Ginnie Mae

    Asks to have nomination to serve as president withdrawn
    It’s been almost two years since Ginnie Mae had a permanent president, and now it looks like the wait is going to continue. HUD announced late Wednesday that Michael Bright, who has been leading Ginnie Mae on an interim basis for nearly 18 months and was the Trump administration’s nominee to lead the agency, is leaving Ginnie Mae next week.
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  • Happy holidays, the government is still shut down

    Here’s how the shutdown affects the housing market
    The government partially shut down after Congress and the president failed to pass a new funding bill Friday, and now, five days later, that shutdown continues. While about 75% of the government is already funded, this partial shutdown does limit part of the housing industry. Here’s what is affected.
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  • Monday Morning Cup of Coffee: Potential government shutdown looms over 2019 economic forecast

    Plus, small banks gear up for "deposit wars" and Apple drops $1 billion on Austin real estate
    Economists at Capital Economics say that while the U.S.-China trade war is certainly a concern, the potential for a long-lasting government shutdown heading into 2019 is the greatest threat to the economic outlook in the year ahead. "This one could go on for months," the economists warn, especially if Robert Mueller's report leads to the president's impeachment.
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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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  • 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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