Politics

Authors in two separate Urban Institute papers warn how headcount reductions at the entities could negatively impact borrowers, taxpayers and the housing market.

The union representing Consumer Financial Protection Bureau employees said in a court filing that the Trump administration's actions to reduce the agency's workforce and cut spending violate the law.

Treasury Secretary Scott Bessent wants to focus on bringing down long-term interest rates, not the overnight ones set by the Federal Reserve.

The Federal Reserve's preferred inflation index showed little progress toward its target of 2%, increasing the likelihood of a prolonged rate pause.

Ryan Donovan, the Council of Federal Home Loan Banks' CEO, foresees affordable housing mandates becoming more focused on home supply than demand.

The grandson of the PulteGroup founder did not elaborate on plans for a much-anticipated government-sponsored enterprise exit from conservatorship.

Housing finance players accused of wronging consumers slammed the lawsuits as politically motivated efforts by former Biden-era bureau director Rohit Chopra.

Trump administration nominees Bill Pulte and Jonathan McKernan will face Senate scrutiny Thursday over their approaches to oversight, with industry support but expected Democratic opposition, particularly from Sen. Elizabeth Warren.

Some precedents from Trump's first term do point to a scenario where depositories could re-enter the government mortgage market, according to one expert.

The Affirmatively Furthering Fair Housing rule, first introduced during the Obama administration and brought back by Biden, was unworkable, opponents said.

While the March 3 submission deadline holds firm, compliance experts suggested guidance inquiries for Home Mortgage Disclosure Act filers could be lacking.

In a forum Tuesday, Senate Democrats railed against President Trump and Elon Musk's efforts to shutter the Consumer Financial Protection Bureau as anti-consumer and illegal.

The Justice Department said in a legal brief that the Consumer Financial Protection Bureau will continue to exist, but said instead that the agency will have fewer employees and a reduced budget under the Trump administration.

Implemented in January, the Biden administration rule addressed flood risk in designated zones, setting building levels that were higher than FEMA standards.

HUD denied claims that 40% of the administration's workforce will be cut.

Consumer Financial Protection Bureau employees — most of whom are on administrative leave — were asked in an email to list what they accomplished last week. National Treasury Employees Union Chapter 335 said workers should list all the tasks they were told not to perform.

DOGE's erratic approach may jeopardize efforts to weaken the agency, anonymous sources warned. The Musk team's unpredictable actions could face legal challenges—potentially paving the way for a resilient CFPB to endure.

The Office of the Comptroller of the Currency is the latest federal banking agency to let go of probationary employees.

The state's insurance commissioner made the change following analysis of title industry profits and expenses in Texas provided by its stakeholders.

Trump's housing policies risk destabilizing multifamily markets by cutting HUD and GSE support, writes the chairman of Whalen Global Advisors.