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Politics and policy

Mortgage firms reframe DEI amid policy shift

Originations, Politics and policy, Racial bias /

President Trump’s housing regulators have touted their efforts to dismantle federal diversity, equity and inclusion initiatives in pursuit of reducing spending and waste. As a result, the conversation around mortgage lenders’ efforts to serve communities identified by specific racial or cultural backgrounds have been further politicized, leaving these shops in the awkward position of determining […]

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Lisa Cook

Fed’s Cook: More study needed on bank-nonbank interreliance

Economy, Politics and policy, Regulation and compliance /

Federal Reserve Gov. Lisa Cook.Bloomberg News Federal Reserve Gov. Lisa Cook said that financial markets fared well in the face of uncertainty sparked by President Trump’s evolving tariff regime, but that more study is needed to understand how risks from nonbanks affect the banking system and vice versa. Speaking at a conference at New York

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Trump mulling exit nudges GSE stocks higher, MBS wider

Capital markets, Politics and policy, Secondary markets /

President Trump’s stated interest in exploring a public offering of Fannie Mae and Freddie Mac’s shares had led to some shifts in how their stock and mortgage-backed securities traded at deadline on Thursday, but not to the degree a commitment to a conservatorship exit would have. Barclays reported that shares of the larger of the

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What’s in the ‘big, beautiful’ Trump tax bill for lenders?

Politics and policy /

Real estate trade groups are applauding the progression of President Trump’s “big, beautiful bill” that could deliver, and sustain, numerous tax benefits for real estate players. The U.S. House of Representatives early Thursday morning narrowly passed the Republican-led bill, which now faces a likely arduous journey in the Senate. While lawmakers fretted over spending cuts

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Christopher Waller

Waller: Fed not looking to buy bonds amid sell-off

Economy, Interest rates, Politics and policy, Treasury bonds /

Federal Reserve Gov. Christopher Waller.Bloomberg News Federal Reserve Gov. Christopher Waller said the central bank is not looking to intervene in the Treasury market despite a recent dampening in demand for U.S. debt. Long-term bond yields are surging for the second time in as many months, with rates on the 10-year notes climbing two basis

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Trump floats a public offering for Fannie Mae, Freddie Mac

Politics and policy, Secondary markets /

President Donald Trump said Wednesday evening that he was giving “very serious consideration to bringing Fannie Mae and Freddie Mac public” after more than a decade of being under government oversight. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right,” Trump

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Calls for VASP reintroduction come from housing advocates

Distressed, Politics and policy, Servicing, The VA /

A consortium of consumer advocacy groups and legislators called for the re-establishment of an expired Department of Veterans Affairs program that kept thousands of service members out of foreclosure.  The National Consumer Law Center criticized the VA for allowing the Veterans Affairs Servicing Purchase program to lapse without a sufficient replacement. The program, which previously

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Mortgage rates will go below 6% next year, Fannie says

Economy, MARKETING TO BORROWERS, Mortgage Rates, Originations, Politics and policy /

Fannie Mae now forecasts mortgage rates to slip back under 6% by the second quarter of 2026 as it elevated its gross domestic product outlook and modified its home sales projections. The origination forecast, while increased over both its March and April projections, other than for rates, remains more conservative than the Mortgage Bankers Association’s

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HUD Secretary Turner: End to fair housing rule a state win

HUD, Industry News, Politics and policy /

Department of Housing and Urban Development Secretary Scott Turner told a group of state regulators this week that his efforts to rip away federal bureaucratic red tape and shift more decision-making power to the local level will have benefits for them. Turner informed attendees at a summit hosted by the Conference of State Bank Supervisors

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FHFA’s Pulte defers to a higher authority on conservatorship

FHFA, Fraud, Politics and policy, Risk management, Secondary markets /

Bill Pulte, director of what has been known as the Federal Housing Finance Agency, shed light on certain plans he has for the government-sponsored enterprises during an appearance at an industry event on Monday, but deferred to President Trump on a conservatorship exit. Pulte told attendees at the Mortgage Bankers Association’s secondary market conference in

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