President Donald Trump on Monday renewed his call for U.S. companies to move away from quarterly earnings reports, building upon an idea he floated during his first term. Since 1970, the nearly 3,700 publicly traded companies in the U.S. — including mortgage and real estate companies — have been required to disclose their financial results […]
Trump wants quarterly earnings reports to become a relic of the past Read More »
As the mortgage industry prepares for the Trump Administration’s plans for an initial public offering (IPO) of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, U.S. Department of Commerce Secretary Howard Lutnick appeared on CNBC to offer his comments on the subject. During the interview aired Thursday, Lutnick disclosed that the IPO “could well
Commerce Secretary Lutnick says Fannie, Freddie IPO ‘could well be this year’ Read More »
Amid recent reporting that President Trump is weighing a $500 billion stock offering for Fannie Mae and Freddie Mac and that he might be considering a merger of the two mortgage giants, Mortgage Bankers Association‘s CEO and President Bob Broeksmit authored a blog post highlighting the benefits of having two government-sponsored enterprises (GSEs). In his
MBA’s Bob Broeksmit sees risks in merging Fannie and Freddie Read More »
Key Insight: Congress passed the president’s massive tax and spending bill in July that lowered the maximum amount of funding the CFPB can request from the Federal Reserve System. Supporting Data: The CFPB’s fiscal 2025 operating budget is capped at an estimated $446 million, a 43% drop from the funding cap of $785.4 million in
CFPB warns staff of upcoming layoffs due to GOP funding cuts Read More »
What’s at stake: President Trump moved to fire Federal Reserve Gov. Lisa Cook via social media on Aug. 25, five days after Housing FInance Agency Director Bill Pulte raised allegations that Cook had engaged in mortgage fraud. Cook challenged her removal in court and was granted a preliminary injunction Tuesday night. Key insight: Pulte publicly
Experts: Pulte’s disclosures on Cook may violate privacy law Read More »
A federal judge blocked President Donald Trump’s effort to fire Federal Reserve Governor Lisa Cook, granting Cook’s request for a preliminary injunction on Tuesday evening. In her ruling, Judge Jia Cobb said that Trump’s reasons for removing Cook did not meet the standard for sufficient cause, noting the alleged conduct occurred before her tenure as
Federal judge blocks Trump’s attempt to fire Lisa Cook Read More »
Last month, President Donald Trump nominated Stephen Miran to fill a vacant seat on the Federal Reserve’s Board of Governors. And much like other Trump administration picks that require Senate confirmation, Miran’s selection has drawn skepticism from Democratic lawmakers. Miran met last week with members of the Senate banking committee, and a full floor vote
Stephen Miran may join the Fed before the next interest rate vote Read More »
President Donald Trump on Friday signed the Homebuyers Privacy Protection Act (H.R. 2808), establishing a nationwide ban on the abusive use of trigger leads beginning in March 2026. The legislation had broad mortgage industry support. It cleared the House in June and the Senate by unanimous consent in August, with bipartisan sponsorship from Reps. John
Trump signs law banning trigger leads Read More »
More than two dozen organizations will present cutting-edge housing and building solutions on the National Mall in Washington, D.C., this weekend during the U.S. Department of Housing and Urban Development (HUD)’s annual Innovative Housing Showcase. The event, established by then-HUD Secretary Ben Carson in 2019, is scheduled for Sept. 6–10. “HUD is proud to champion
HUD Innovative Housing Showcase begins Saturday Read More »
While the mortgage industry has applauded the Trump administration’s push to restore a partial claim option for U.S. Department of Veterans Affairs (VA) loans, many experts warn it may arrive too late to help thousands of struggling borrowers. The program could prevent many defaults and foreclosures, but the implementation timeline is critical, they added. In statement
VA mortgage partial claim restoration faces timing challenges Read More »