Morning Roundup (1/20/25) –Trump And Housing

Good Morning! Today is Monday, January 20. It is Martin Luther King Day. It’s also Donald Trump’s inauguration day. He will call for a “revolution of common sense” in his inaugural address.
The Mortgage Note Reports

Trump And Housing: Trump promised to reduce the cost of homeownership by half. How likely is that to happen?
Op-Ed: Donna Jackson and Ben Lieberman lay out how Trump can do more than late President Jimmy Carter to help create affordable housing.
A&D Purchase: Florida-based lender A&D Mortgage is acquiring Mr. Cooper Group’s wholesale and non-delegated correspondent arms.
Quote Of The Day
“We will eliminate regulations that drive up housing costs, with the goal of cutting the cost of a new home in half.”Donald Trump, Sept. 5, 2024, Economic Club of New York

In other mortgage and housing news…

Experts Weigh In: President-elect Donald Trump is returning to the White House. Here’s how his administration could impact the housing market.
Leader Profile: Who is Bill Pulte and why is Trump nominating him to head the FHFA?
Housing Leaders: Trump’s HUD pick wants to increase affordable housing supply and reduce regulatory barriers, saying the agency is “failing at its most basic mission.”
“A Difficult Year”: Homebuyers are preparing for another tough year of navigating a tight housing market.
Sales Tank: Pending home sales fell 4.5% from November to December, the largest decline since October 2022, and dropped 2.3% YOY.
CFPB Suit: The CFPB took action against Draper & Kramer Mortgage for discriminatory lending in majority-Black and Hispanic neighborhoods in Chicago and Boston.