Non-permanent residents will no longer be eligible for Federal Housing Administration mortgages. Officials at the Department of Housing and Urban Development say this change “ensures illegal aliens and non-permanent residents in the U.S. cannot access FHA-insured financing and refocuses the use of taxpayers’ resources and federal housing programs to benefit U.S. citizens.” To make this happen,…
By KIMBERLEY HAAS Developing federal land for housing could become a reality under the new Trump administration. U.S. Department of Housing and Urban Development Secretary Scott Turner and U.S. Department of the Interior Secretary Doug Burgum announced a partnership between the two agencies on March 17 that could make federal land available for residential use. “Our…
By PATRICK LAVERY Though often guided by the decisions and directives of the executive branch, it is relatively rare for the Federal Reserve Board to publicly make reference to the policies of a presidential administration – save for an extenuating circumstance such as the COVID-19 pandemic – when announcing the reasons for the board’s own…
The leaders of the Department of Housing and Urban Development and the Department of the Interior announced a joint venture to release federal land for housing development. HUD Secretary Scott Turner and DOI Secretary Doug Burgum co-authored a piece published by the Wall Street Journal announcing the creation of a Joint Task Force on Federal Land…
By CHUCK GREEN Questions about the potential impacts of tariffs have pushed builder sentiment down as it is now estimated they could raise costs by $7,500 to $10,000 per single-family home. Leaders at the National Association of Home Builders reported on March 17 that builder confidence in the market for newly built single-family homes had…
By PATRICK LAVERY As a tariff standoff between President Donald Trump’s administration and the nations of Canada, China, and Mexico leaves the immediate future of the American economy hanging in the balance, odds are overwhelming that the Federal Open Market Committee will choose to leave its key interest rate at its current range of 4.25%…
The U.S. Senate confirmed Bill Pulte as the new head of the Federal Housing Finance Agency in a 56-43 vote. The FHFA oversees the housing government-sponsored enterprises, or GSEs, including Fannie Mae and Freddie Mac. The Trump administration is expected to try to release Fannie Mae and Freddie Mac from conservatorship, a goal of the first…
By CHUCK GREEN and KIMBERLEY HAAS The fate of Fannie Mae and Freddie Mac is being debated as the new Trump administration lays out its priorities for the next four years. Let’s start analyzing the situation by looking back in time. In 2008, Fannie Mae and Freddie Mac were in trouble. In fact, without government…
By KIMBERLEY HAAS President Donald Trump did not bring up the housing crisis and barely mentioned mortgage rates as he addressed a joint session of Congress on Tuesday night. Speaking before the body for the first time since retaking office, Trump highlighted his administration’s accomplishments and laid out a vision for the future, saying the…
U.S. Treasury Secretary Scott Bessent told Fox News Tuesday morning that an early sign of the Trump administration’s success is the decline in mortgage rates. “I think thus far, one of the biggest wins for the American people is — since Election Day and since the inauguration — mortgage rates have come down dramatically,” Bessent…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!