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Tag Archives: Trump

The Lingering Effect of Hurricane Maria

President Trump weighed in on a recent study on the deaths after Hurricane Maria. As the island works towards rebuilding its severely damaged housing stock, a year after the disaster, here’s what the study found and what the President had to say about it.

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Tax Reform Could Put Homeownership Out of Reach

According to a major industry organization, President Trump’s potential tax reform could make homeownership unaffordable for many Americans. The President’s plan would raise the threshold on the mortgage interest deduction, allowing only those with the heftiest home loans to take advantage of it. To date, the MI deduction has primarily benefited middle-class taxpayers. If reformed, it may cease to do that.

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Rumors Swirl Around FHA Nomination

President Donald Trump may be gearing up to nominated Brian Montgomery to head up the FHA. Currently the Vice Chairman of The Collingwood Group, Montgomery previously served as FHA Commissioner under President George W. Bush and President Obama. He also served as Asisstant Secretary for HUD and Deputy Assistant at the White House.

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The Pros and Cons of Trump’s Tax Plan on the Housing Market

Because of the need to establish this fiscal balance, the road to achieve Trump’s proposals will be long and rocky, and will require the hard work and cooperation of both sides of the aisle. This proposal has also raised many questions about what Trump’s plan would mean for the housing market. Due to the current lack of detail in his proposed outline, it is difficult to accurately predict the impact a tax system overhaul of this magnitude would have on the economy.

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Industry Reacts to HUD Deputy Secretary Nomination

President Trump nominated Pam Patenaude to be Deputy Secretary of Housing and Urban Development on Friday. Patenaude, currently President of the J. Ronald Terwilliger Foundation for America’s Families, has a long history in the industry. Executives from all ends of the spectrum have praised her nomination.

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Trump’s Impact on Banks

Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.

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What Would a Government Shutdown do to Mortgages?

With the federal funding running out on Friday and a potential government shutdown looming, expect to see an impact on the mortgage industry. Access to tax documents and other government paperwork may prove difficult in the event of a shutdown. Furloughs at the IRS and Social Security can cause roadblocks in the application process.

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Critics Take Aim at Latest Trump Orders

Critics have begun to speak out after President Trump signed two executive orders calling for the review into “too big to fail” and a number of financial oversight entities. Some even fear it could signal another financial crisis is on the horizon. Trump’s orders specifically require a review of the Financial Stability Oversight Council and the Orderly Liquidation Authority.

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