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Results: 118 Articles found.
Apr 12, 2017 11:30 PM

Infrastructure Bill May Include HUD Funding, Agency Reports

The Trump administration will seek to add housing funding to its upcoming infrastructure spending bill, according to U.S. Department of Housing and Urban Development Secretary Ben Carson, The Washington Post reported April 3. President Trump reportedly is considering cutting $6 billion from the HUD budget.​

 
Apr 12, 2017 12:30 PM

Trump to CEOs: Dodd-Frank is Target for Major Overhaul

President Trump told a gathering of CEOs at the White House April 4 that the era of "horrible regulations" is coming to an end, specifically citing the Dodd-Frank Act as a target for regulatory reform, HousingWire reported. The president said he sees Dodd-Frank as an impediment to the banking industry.​

 
Apr 12, 2017 12:30 PM

Chase Says Servicing Rule Changes May Add $300B in Mortgages

JPMorgan Chase sees the possibility of generating an additional $300 billion in mortgages annually if the U.S. Department of the Treasury and government agencies established service standards to simplify mortgage origination and servicing, according to Chase CEO Jamie Dimon, HousingWire reported April 4.

 
Mar 22, 2017 12:30 PM

Real Estate Markets Suffer Without Flood Insurance Program: FEMA

The Senate Banking Committee on March 14 held the first of several hearings on reauthorizing the National Flood Insurance Program. Roy E. Wright, deputy associate administrator for insurance and mitigation for the Federal Emergency Management Agency, testified that failure to reauthorize NFIP could hurt real estate and mortgage markets.

 
Mar 22, 2017 12:30 PM

Fed Implements First of Three Expected Rate Hikes

The Federal Reserve on March 16 raised its benchmark rate, signaling its commitment to three increases per year, National Real Estate Investor reported. The Fed cited an improving job market, moderate economic growth and increasing inflation as reasons for the hike, which isn't expected to significantly disrupt real estate capital markets.

 
Mar 15, 2017 12:30 PM

Agency Report Delayed, Appraisal Questions Unanswered

Questions concerning appraisals and appraisal threshold levels remain unanswered more than two years after outreach and requests for comments were initiated by federal bank regulatory agencies regarding the final report they're required to submit to Congress that outlines potential regulatory relief for banks, the Appraisal Institute reported March 15.

 
Mar 15, 2017 12:30 AM

White House Financial Reforms Focus on Guidance, Not Rules

The White House's initial efforts at financial regulatory reform will focus on reversing guidance rather than formal rule-making because a significant amount of regulation during the Obama administration was made by guidance, according to the vice president's chief economist, Bloomberg reported March 7.

 
Mar 15, 2017 12:30 AM

Watchdog Says HUD Lacks Oversight for Down Payment Programs

Borrowers and the Federal Housing Administration insurance fund face "unnecessary risk" due to a lack of sufficient oversight into borrower-financed down payment assistance programs for FHA-insured loans, according to a report from the Office of Inspector General for the U.S. Department of Housing and Urban Development, HousingWire reported March 8.

 
Mar 08, 2017 12:30 PM

Interest Rates May Have Muted Effect on Cap Rates: Report

Interest rate increases this year are expected to have less of an impact on cap rates than originally anticipated, which could impact foreign investment in U.S. real estate, National Real Estate Investor reported March 1.

 
Mar 08, 2017 12:30 PM

Fannie, Freddie Reportedly Could Require another Bailout

Fannie Mae and Freddie Mac continue to lose capital because the U.S. Department of the Treasury takes most of the government-sponsored enterprises' earnings, an action that could necessitate another bailout, Politico reported Feb. 27. The Trump administration's plans for corporate tax reform could cause the GSEs to take large write-downs.

 
 
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