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Politics and policy

Why tech – not pay – will decide loan officer loyalty

CAREER & COMPENSATION, Mortgage technology, Politics and policy, Recruiting, Technology /

In June, the Consumer Financial Protection Bureau took notable steps that could significantly reshape the regulatory framework governing loan officer compensation. Among the most consequential developments was the submission of a proposed rulemaking to the Office of Information and Regulatory Affairs (OIRA), which appears to contemplate rescinding or significantly amending the current Loan Originator Compensation […]

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How Trump’s bill helps aspiring homeowners

Housing affordability, Mortgage insurance, Politics and policy /

President Trump’s One Big Beautiful Bill is a milestone on the path of America’s Golden Age.  It will help restore prosperity and stability to millions of households by providing crucial tax relief—including bringing back an impactful tax deduction for mortgage insurance premiums (MIPs). From 2007-2021, four million homeowners used the MIP deduction annually. In the years that

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Lisa Cook

Trump says he will fire Fed Gov. Cook ‘if she doesn’t resign’

Economy, Monetary policy, Politics and policy, Trump administration /

Federal Reserve Gov. Lisa Cook.Bloomberg News President Donald Trump said Friday morning that he would terminate Federal Reserve Gov. Lisa Cook from her post “if she doesn’t resign” over allegations that she claimed a secondary home was her primary residence in a 2021 mortgage application. “Yeah, I’ll fire her if she doesn’t resign, yeah,” Trump

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What Mamdani gets wrong about “affordable housing”

Multifamily, Politics and policy /

Enjoy complimentary access to top ideas and insights — selected by our editors. With democratic socialist Zohran Mamdani likely to be the next Mayor of New York City, it seems safe to predict the end of the great progressive experiment in public housing that began during the New Deal. Tenants in city-owned apartments pay less

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Jerome Powell

Powell opens the door to interest rate cuts in September

Economy, Monetary policy, Politics and policy /

Federal Reserve Chair Jerome Powell at the Federal Reserve Bank of Kansas’ Economic Symposium in Jackson Hole, Wyo., on Thursday.Bloomberg News Federal Reserve Chair Jerome Powell signaled that the central bank may soon adjust its monetary policy, potentially paving the way for a rate cut in September. In a highly anticipated Friday morning speech at

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Former FHFA official seeks to empower local leaders

Capital markets, CAREER & COMPENSATION, Career moves, Politics and policy /

Antonio White built his career in high-level Washington-related posts he held at the Federal Housing Finance Agency, Treasury, Bank of America and the Bill and Melinda Gates Foundation. But he got there through the work and connections he built growing up around Route 480 in Cleveland. That’s why White is starting a business called 480

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CHLA presses Trump team on Fannie, Freddie future

Fannie Mae, Freddie Mac, GSEs, Industry News, Politics and policy, The Great American Mortgage Corporation /

The Community Home Lenders of America is calling for nonbank lender support as it emphasizes the importance of mortgage industry input in any federal decision-making regarding the future of Fannie Mae and Freddie Mac.  The group representing small and mid-sized independent mortgage banks made its wishes known in a letter this week to Treasury Secretary

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Trump, Pulte spotlight ‘Great American Mortgage’ plan

Fannie Mae, FHFA, Freddie Mac, Politics and policy, Secondary markets /

Housing regulator Bill Pulte has posted a video that sheds a little more light on the Great American Mortgage Corporation, an entity President Trump has hinted earlier could be headed toward a public offering this year. The video Pulte posted on X promotes President Trump’s housing role and alludes to his criticism of other policymakers’

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Fed’s Bowman: Banks, regulators must embrace emerging tech

Federal Reserve, Politics and policy, Regulation and compliance, Technology /

The Federal Reserve’s top banking regulator is promoting a pro-technology approach, urging a shift away from what she called “an overly cautious mindset” toward banks adopting innovative tools such as blockchain and artificial intelligence. In a speech Tuesday, Federal Reserve Vice Chair for Supervision Michelle Bowman said regulators must understand new products and services used

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Tim Scott

Sen. Scott thanks crypto industry for unseating Sherrod Brown

Politics, Politics and policy, Stablecoin /

Sen. Tim Scott, R-S.C.Bloomberg News WASHINGTON — Senate Banking Committee Chairman Tim Scott, R-S.C. publicly acknowledged the role that the crypto industry had in unseating former chairman Sherrod Brown, a longtime banking progressive, from the Senate.  Scott’s comments, made at the Wyoming Blockchain Symposium just ahead of the Federal Reserve’s Jackson Hole Summit, were a

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