Although President Trump directed the GSEs to purchase an additional $200 billion in agency MBS, they do not appear to be on track to accomplish that by year end.
In a Truth Social post, President Trump said Pulte will serve simultaneously as FHFA director and acting director of National Intelligence, overseeing national security matters conducted by 18 federal intelligence agencies.
The Trump administration has directed the CFPB to remind lenders that they should consider that deportation and loss of wages are risks when extending credit to certain noncitizens.
FTC warns Mortgage Connect about noncompetes; Rocket preps CES MBS; New legislation on mortgages for homes on tribal land passed; Share of first-time homebuyers increasing.
Despite ending his long hiatus on GSE talk, Trump fails to persuade skeptics that he’s ready to take Fannie and Freddie out of conservatorship anytime soon.
There will be detrimental consequences for borrowers and mortgage investors if the CFPB goes through with changes suggested by President Trump, according to a recent analysis.
Fannie Mae’s net interest income has barely changed over the past 13 quarters, while Freddie Mac’s has increased slightly in all but one of those quarters. (Includes data table.)