Pressure on mortgage rates eases as Trump pauses higher tariffs
Stocks rebounded and pressure on interest rates eased after Trump announced a 90-day pause on country-specific 'reciprocal tariffs' with the exception of 125% duties on China
by Matt Carter Apr 9
US could sweep Fannie, Freddie stakes into sovereign wealth fund
Some experts are intrigued by the idea floated by Treasury Secretary Scott Bessent, saying it could help put the mortgage giants on sound footing without boosting mortgage rates
by Matt Carter Mar 24
Rocket Homes off the hook as Trump's CFPB drops lawsuits
Dec. 23 RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed 'without prejudice' by the CFPB's new leadership
by Matt Carter Feb 27
Mortgage rates seen as staying higher for longer as Fed pauses
Economists and bond market investors have been surprised by the continued strength of the economy, and are wary of the potential for tariffs, tax cuts and deportations to reignite inflation
by Matt Carter Feb 21
Mortgage rates in retreat as investors weigh Trump's approach
After surprise inflation report, Trump administration says the Fed's interest rate decisions will be exempt from its attempt to exert more control over independent federal agencies
by Matt Carter Feb 19
Fannie Mae and Freddie Mac's net worths climb past $154B
While plans to privatize the mortgage giants are on the back burner, Trump administration may impose limits on how much support the mortgage giants can provide to riskier borrowers
by Matt Carter Feb 14
Trump nominates Jonathan McKernan as director of CFPB
McKernan's prior roles include senior financial policy advisor for Sen. Bob Corker and posts with the Senate Committee on Banking, Housing, and Urban Affairs and the US Treasury
by Richelle Hammiel Feb 12
Mortgage rates climbing again on hot CPI report, Powell testimony
Trump calls for lower interest rates after release of January CPI report. Powell says Fed is in no hurry to cut rates, and bond market investors who fund mortgages are taking him at his word
by Matt Carter Feb 12
Steel and aluminum are President Trump's latest tariff targets
Homebuilders already sounding the alarm on the potential impact on housing costs if Trump follows through on threats to impose duties on Canadian wood and Mexican gypsum
by Matt Carter Feb 10
Rules on closing costs, PACE loans on CFPB chopping block
In his 1st act as interim Consumer Financial Protection Bureau director, Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the mortgage industry
by Marian McPherson Feb 4
Treasury Secretary Scott Bessent to temporarily lead CFPB
President Trump fired former Consumer Financial Protection Bureau Director Rohit Chopra on Saturday. Treasury Secretary Scott Bessent will take over leadership duties until Trump nominates a new director.
by Marian McPherson Feb 3
Fannie Mae and Freddie Mac prep for privatization in Trump 2nd term
President Trump has promised to release Fannie Mae and Freddie Mac from its 16-year conservatorship. However, the road to privatization may be more perilous than expected
by Marian McPherson Jan 23
Brokers are beginning to see bright side of post-settlement landscape
Industry changes stemming from the National Association of Realtors' antitrust settlement have made listing appointments easier, among other perks, real estate leaders told Inman
by Jim Dalrymple II Jan 21
Ben Carson reportedly in the running to lead HUD again
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
by Matt Carter Nov 22