Short Takes: House Committee Approves Large Cut to CFPB’s Budget / Pending Home Sales Up / Large Nonbanks in Good Spot / New Expanded-Credit MBS From Ares May 1, 2025 Brandon Ivey The House Financial Services Committee moved a bill forward that would reduce the budget for the Consumer Financial Protection Bureau by close to 70%.Read More
Fannie Earnings Stable in First Quarter April 30, 2025 Dennis Hollier FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.Read More
Trump Administration Orders End of Disparate-Impact Analysis April 29, 2025 Shannon Clark The Consumer Financial Protection Bureau has already followed through with the directive.Read More
Short Takes: Home Price Appreciation Slows / More Judicial Scrutiny of CFPB Layoffs / Rate Launches Expanded-Credit Products / FHA Revises Foreclosure Sale Policy / Wells Free From CFPB Consent Order April 29, 2025 Brandon Ivey Home prices increased by 0.1% on a monthly basis in February.Read More
NCUA in Limbo as Trump Fires Democrats on Board April 17, 2025 Brandon Ivey The move leaves the board with just Kyle Hauptman as chairman, limiting what the regulator can do.Read More
Short Takes: Powell on Tariffs / Pulte Threatens Mortgage ‘Recall’ / New Credit Score Model From VantageScore / RTL Securitization From Temple View April 17, 2025 Brandon Ivey “The level of the tariff increases announced so far is significantly larger than anticipated,” said Fed Chair Jerome Powell.Read More
Ackman Pitches Re-Privatization of GSEs April 16, 2025 Dennis Hollier Pershing Square founder Bill Ackman says both GSEs could exit conservatorship by the end of 2027 if certain assumptions are met.Read More
Short Takes: New Leader at Ginnie / Mortgage Applications Slow / Appraisal Relief Tied to LA Wildfires / FHFA Seeks Fraud Tips April 16, 2025 Brandon Ivey Joseph Gormley is the new executive vice president and chief operating officer at Ginnie Mae.Read More
Appeals Court: CFPB Staffers Can be Fired for Specifics April 14, 2025 Shannon Clark The order retains the prohibitions on destruction of records, wholesale termination of contracts, and transfer of funds.Read More
Short Takes: Pulte Warns Lenders / Trigger Leads Bills Reintroduced / Foreclosures Decline April 11, 2025 Brandon Ivey “I strongly encourage lenders to make sure they have their ‘house in order’ as we are going to make it a focus to put bad actors on our suspended counterparty program at FHFA,” said FHFA Director Bill Pulte.Read More