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.
Read More »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.
Read More »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.
Read More »HUD Budget Could be Cut
HUD should expect a $6.2 billion budget cut on 2018, a 13.2 percent decrease from the 2017 annualized CR level.
Read More »Poll: Battleground States Don’t Want CFPB Overhaul
A recent poll of battleground states showed 51 percent don’t want to see an overhaul of the Consumer Financial Protection Bureau.
Read More »President Discusses Regulation, Growing American Business
Throughout his hour-long speech, the president spoke of many changes and plans he had to “make America great again”—perhaps the most important of which to mortgage professionals were his comments regarding regulation.
Read More »Hensarling and 33 Republicans Issue Warning to Feds
Republicans don’t want any new rulings coming from the Federal Reserve and may move to block any attempts from that agency.
Read More »President Trump to Fill Fed Vacancies
Instead of choosing candidates with backgrounds in economics, his choices will come from the banking and financial sectors.
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