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Politics and policy

HUD plans overhaul of its manufactured housing program

HUD, Industry News, Politics and policy, Secondary markets /

The Department of Housing and Urban Development is weighing a number of changes to its manufactured housing program as it looks to it as a key solution to addressing the nation’s housing shortage quickly. Government officials, including the heads of Ginnie Mae and the Federal Housing Administration, outlined potential improvements under consideration, including updates to […]

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HUD moves to eliminate multifamily green-energy incentive

ESG, Housing markets, HUD, Multifamily, Politics and policy /

The Federal Housing Administration announced plans to introduce an across-the-board multifamily mortgage insurance premium that would eliminate incentives to adopt energy-efficiency standards.  The Department of Housing and Urban Development proposed to level premiums to 25 basis points for all loans originated in multifamily programs administered by the FHA, a first step in eliminating what it

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Zohran Mamdani at an event the night he won the New York City mayoral democratic primary.

What a Mamdani mayoral win in NYC could mean for banks

Commercial banking, Commercial real estate lending, Flagstar Financial, Multifamily, Politics and policy /

New York City mayoral candidate Zohran Mamdani’s primary win has banks with high exposures to rent-regulated real estate on edge. Mamdani, who has vowed to freeze rents on rent-stabilized apartments if he’s elected mayor, won over New Yorkers during the Democratic primary as their city’s housing market grows more expensive and competitive. The primary results

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HUD announces move to new headquarters in Virginia

HUD, Industry News, Politics and policy, Trump administration /

The Department of Housing and Urban Development announced plans to relocate from its longtime headquarters located in the nation’s capital to Alexandria, Virginia. Such a move had also been the subject of rumors since early in the second Trump administration, as its Department of Government Efficiency set out to target examples of what it classified

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Jerome Powell

Powell says Fed will revisit Basel III capital rules

Minimum capital requirements, Politics and policy, Regulation and compliance, Trump administration /

Federal Reserve Chair Jerome Powell.Bloomberg News WASHINGTON — Federal Reserve Chair Jerome Powell said that the central bank will consider a Basel III endgame proposal — in addition to the nascent leverage ratio proposal being unveiled later in the day — as part of bank regulators’ deregulation push during the Trump administration.  Powell, speaking before

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Florida eases costs for condo owners post-Surfside

Condos and HOAs, Florida, Politics and policy /

Florida enacted legislation this week that will provide various forms of relief for condominium unit owners and community associations from the financial impact of regulations introduced after the 2021 building collapse in Surfside. Governor Ron DeSantis signed new laws on Monday and noted the legislation came from feedback provided by condo residents and communities in

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Jerome Powell

Republicans play nice with Powell despite Trump’s criticism

Minimum capital requirements, Monetary policy, Politics and policy, Regulation and compliance /

Federal Reserve Chair Jerome Powell testifying in the House Financial Services Committee Tuesday morning.Bloomberg News WASHINGTON — House Republicans struck a mostly cordial tone with Federal Reserve Chairman Jerome Powell at a hearing at the House Financial Services Committee.  Trump, ahead of the hearing, called on Republicans to press Powell after he held interest rates

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‘Taylor Swift tax’ draws ire from mortgage, housing groups

Housing markets, Politics and policy, Property taxes /

Rhode Island real estate professionals are criticizing two new taxes that will increase costs for Ocean State homeowners, including a levy dubbed the “Taylor Swift tax.”  State lawmakers last week approved a $14 billion fiscal year 2026 budget, which now awaits Gov. Dan McKee’s signature. Included in the proposed budget is a 63% increase in

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Trigger lead ban nears finish line in Congress

Law and legal issues, Marketing, MARKETING TO BORROWERS, Politics and policy, Regulation and compliance /

After several starts and stops, the trigger leads ban is the closest it’s ever been to becoming law, after the House of Representatives approved its version of the Homebuyers Privacy Protection Act. There are some differences with the Senate version of the bill, which was approved by unanimous consent on June 12. Those can be

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federal-reserve-bank

Fed officially nixes reputation risk from exam practices

Politics and policy, Regulation and compliance, Risk management /

Bloomberg News The Federal Reserve has officially started scrubbing “reputational risk” from its supervisory policies and practices.  The central bank announced Monday that it is removing all mentions of reputation and reputational risk from its exam manuals and supervisory materials. In some cases, the agency is replacing those references with discussions of specific financial risks.

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