The Consumer Financial Protection Bureau (CFPB), which is undergoing significant changes under the Trump administration, has rescinded 67 guidance documents issued since 2011, including several that affect the mortgage industry.
The tit-for-tat trade war between China and the United States has deescalated for the first time since President Donald Trump took office, as the two countries announced Monday morning that they will temporarily lower their respective tariffs.
While awaiting Senate confirmation to lead the Consumer Financial Protection Bureau (CFPB), Jonathan McKernan was nominated by President Donald Trump for a key role at the U.S. Department of the Treasury, according to Treasury Secretary Scott Bessent.
According to Law360, a spokesperson for the White House later confirmed that McKernan’s nomination with the CFPB will not proceed.
New York Attorney General Letitia James is the target of a criminal investigation related to mortgage fraud, following a referral by Federal Housing Finance Agency (FHFA) Director Bill Pulte, multiple news outlets reported Thursday.
As employees of the Consumer Financial Protection Bureau (CFPB) sit in home offices awaiting news of their fate, the enforcement landscape has already shifted to state regulators. And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks.
Bill Pulte, the director of the Federal Housing Finance Agency (FHFA) and chair of the boards at Fannie Mae and Freddie Mac, said in an interview on Tuesday that a handful of employees at the government-sponsored enterprises (GSEs) who are from U.S. geopolitical foes China and North Korea have been referred to the U.S. Department of Justice (DOJ).
After a series of severe winter storms and flooding in Virginia that compounded damage sustained from Hurricane Helene last fall, President Donald Trump recently issued a major disaster declaration.
Now the U.S. Department of Housing and Urban Development (HUD) is moving to make disaster aid available for those with Federal Housing Administration (FHA)-insured mortgages.
The potential elimination of Section 8 housing vouchers and roughly 40% cuts to rental assistance were included in a recent White House request to the U.S. Department of Housing and Urban Development (HUD).
The cuts, first reported by NPR, target core HUD programs like Section 8 vouchers, replacing them with block grants to states.
The National Association of Realtors‘ (NAR) speech code, formally known as Standard of Practice 10-5, has sparked a contentious debate within the real estate industry.
Critics argue that it infringes upon free speech rights, while supporters assert it’s a necessary measure to uphold ethical standards and protect marginalized communities.
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