Regulatory

HUD plans new time limits, work requirements for rental assistance

The leaders seated earlier this year in the U.S. Department of Housing and Urban Development (HUD) are reportedly planning new time limits and work requirements for recipients of the department’s existing rental assistance programs, according to an internal document viewed by NPR. The document reportedly reveals that HUD is planning on limiting the amount of […]

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White House expects reverse mortgages to continue producing government receipts

Following last month’s release of the so-called “skinny budget” from the White House, the Office of Management and Budget (OMB) has released a 1,200-plus page appendix for the proposal. It includes projections related to the performance of the Home Equity Conversion Mortgage (HECM) portion of the Mutual Mortgage Insurance (MMI) Fund. According to the data

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French Hill calls for investigation into Little Rock Housing Authority

Citing a series of missteps made despite the oversight and U.S. Department of Housing and Urban Development (HUD) action plans, the chairman of the House of Representatives‘ Financial Services Committee is calling for a federal investigation into the housing authority of Little Rock, Arkansas. Rep. French Hill (R) — who represents Arkansas’s second congressional district

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HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers

In a move that’s designed to simplify prior policy, the Federal Housing Administration (FHA) on Tuesday published a new Mortgagee Letter (ML) that targets borrower default engagement practices that were published in the waning days of the Biden administration. ML 2025-14 makes changes to final guidance first floated last summer to open up communications between

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Senators call for investigation of possible DOGE ethics violations

Three senators are calling on the Department of Justice (DOJ) and federal watchdogs to investigate whether U.S. DOGE Service aides tasked with downsizing government agencies violated conflict-of-interest laws by holding stocks in companies overseen by thes, according to a recent ProPublica report. The request — sent last week by Sens. Elizabeth Warren (D-Mass.), Ron Wyden

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GSEs could go public while staying under government control

The Trump administration has studied the possibility of turning Fannie Mae and Freddie Mac into public companies while keeping them under conservatorship — one of several alternatives still under consideration, according to a Bloomberg report published Tuesday. The primary goal of the administration is to reduce the U.S. budget deficit and avoid any increase in

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Nevada lawmaker targets home purchases by institutional investors

Citing an issue in which families across Nevada do not have the resources to compete with institutional investors that buy up single-family homes, Rep. Susie Lee (D) has called on Federal Housing Finance Agency (FHFA) Director Bill Pulte to offer transparency when out-of-state landlords purchase foreclosed single-family homes. Lee, who represents part of Las Vegas

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Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds

Mat Ishbia, the president and CEO of United Wholesale Mortgage (UWM), said last week he doesn’t think that releasing Fannie Mae and Freddie Mac from conservatorship is a major focus for the Trump administration — and he isn’t sure “whether it should be.”  One thing he is confident about: If ending the conservatorship results in

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Updated list of Bill Pulte’s actions that impact FHFA, GSEs

Below is a timeline of the actions or reports related to Federal Housing Finance Agency (FHFA) Director Bill Pulte that have impacted the regulator or the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac since Pulte was announced as President Donald Trump’s nominee for the role in January and took office in March. January/February Trump

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How Bill Pulte has reshaped FHFA and the GSEs

A key decision maker in the federal housing apparatus, the director of the Federal Housing Finance Agency (FHFA) oversees the regulator of the government-sponsored enterprises (GSEs) and the Federal Home Loan Banks. But Bill Pulte has been anything but a conventional FHFA director (pardon the term, since we’re not talking about conforming loan limits just

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