From a presidential call for reform to Fannie Mae leadership changes, it was an important day for the GSEs. Get all the details here.
Read More »Kraninger’s Nom Might Face a Tough Senate Vote
Kraninger, an associate director at the Office of Management and Budget, will succeed Acting Director Mick Mulvaney, whose term is ending.
Read More »White House Nominations Move Forward
Pamela Patenaude, current President of the J. Ronald Terwilliger Foundation for Housing America’s Families, appeared before the Senate Committee on Banking, Housing, and Urban Affairs for her nomination hearing Tuesday. If confirmed for Deputy Secretary of the Department of Housing and Urban Development, Patenaude pledged to ensure that HUD’s programs are responsive to the housing needs of U.S. citizens. President Trump confirmed rumors of Joseph Otting’s intended nomination for the Comptroller of the Currency.
Read More »White House Top Housing Adviser Departs
Michael Stegman, who currently serves as the National Economic Council's top housing adviser at the White House, is stepping down from that position, a Treasury spokesperson confirmed to MReport.
Read More »Former Goldman Sachs Exec Predicts Doom for Housing
Former Goldman Sachs executive Joshua Pollard on Wednesday sent a sobering 18-page report to the White House warning of a potential nosedive in home prices that could put the country back into a recession before the ripples of the previous one settle. According to Pollard, the former head of the Goldman's housing research team, home price appreciation is outpacing income, and the United States is on the brink of a 15 percent decline in home prices over the next three years.
Read More »