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Trump administration

Trump’s assault on DEI hasn’t ended federal efforts to stop appraisal bias

Appraisals, Appraisals and Valuations, Department of Justice, Discrimination, Fair Housing, HWmember, Legal, Mortgage, Regulatory, Rocket Mortgage, Trump administration /

The appraisal industry shed no tears when the Trump administration sought to undo the Property Appraisal and Valuation Equity (PAVE) Interagency Taskforce, the federal effort to investigate racial bias in appraisals implemented by former President Joe Biden. But that doesn’t mean appraisers have seen the end of federal regulation and litigation around appraisals, or the […]

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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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Donald Trump

Trump signs nullification of OCC bank merger guidelines

M&A, Politics and policy, Regulation and compliance, Trump administration /

Bloomberg News WASHINGTON — President Donald Trump on Friday evening signed a rule that officially eliminates the Office of the Comptroller of the Currency’s stricter reviews of certain bank mergers.  Trump signed the Congressional Review Act resolution Friday nullifying the Office of the Comptroller of the Currency’s Biden-era rule that got rid of an expedited

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Dudley Benoit, president of the Affordable Housing Tax Credit Coalition board of directors and senior managing director of Walker & Dunlop.

Pro-housing Senate bill has uncertain future

Affordable housing, Attorneys, Politics and policy, Private activity bonds, SALT deduction, Trump administration /

“These Housing Credit provisions represent bold action to increase the nation’s housing supply by over one million homes at a time when the affordable housing crisis has reached record levels and has affected every state, district, and community,” said Dudley Benoit, president of the Affordable Housing Tax Credit Coalition board of directors and senior managing director

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HUD signs agreement with South Korean housing finance agency to spur MBS investment

Ginnie Mae, Government Lending, HUD, HWmember, Mortgage, Scott Turner, Tariffs, Trump administration /

The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae on Friday signed a memorandum of understanding (MOU) with a South Korean housing finance authority, with the goal of increasing investment in U.S. agency mortgage-backed securities. The agreement, signed with the Korea Housing Finance Corp. (KHFC), “underscores a shared commitment to expanding access

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Senate confirms Trump’s pick for HUD deputy secretary

Affordable housing, HUD, Politics and policy, Trump administration /

The U.S. Senate approved President Donald Trump’s nominee for deputy secretary at the Department of Housing and Urban Development on a party-line vote Tuesday. Andrew Hughes, a former HUD official who most recently had been serving as chief of staff to department Secretary Scott Turner, was confirmed by a vote of 51-44. All Republicans voiced

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CFPB enforcement head resigns, citing ‘no intention to enforce the law’

CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump administration /

Cara Petersen, who has served as the principal deputy enforcement director at the Consumer Financial Protection Bureau (CFPB) since late 2017, resigned this week with a letter that’s highly critical of the enforcement posture at the bureau under the new administration of President Donald Trump. Petersen’s resignation letter was obtained and initially reported on by

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CFPB

CFPB’s top enforcement official, Cara Petersen, resigns

Industry News, Politics and policy, Regulation and compliance, Trump administration /

Bloomberg News Cara Petersen, the principal deputy enforcement director at the Consumer Financial Protection Bureau, has resigned from the agency, stating in an email to staff that the bureau’s leadership under the Trump administration has “no intention to enforce the law in any meaningful way.” On Tuesday, Petersen sent an email to the CFPB’s enforcement

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Trump rolls back some Biden cyber and fraud directives

Cyber security, Fraud, Technology, Trump administration /

President Donald Trump has signed an executive order that claws back a number of fraud-related mandates by his predecessor, who the Trump White House claimed had engaged in “censorship” and enabling illegal immigration. The order, which was signed on Friday, preempts multiple efforts initiated by former President Joe Biden in the waning days of his

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