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Tag Archives: President Trump

Michael R. Bright Nominated to Head Ginnie Mae

On Tuesday, the Trump administration announced that it was nominating Michael R. Bright as President of the Government National Mortgage Association, otherwise known as Ginnie Mae. If confirmed, Bright would be the agency’s first permanent head since Ted Tozer stepped ...

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Housing Industry Experts Weigh in on Import Tariffs

Ginnie Mae MBS

On Thursday afternoon, President Trump instituted import tariffs on foreign steel and aluminum. Calling the tariffs a push back against foreign competitors’ “assault on our country,” President Trump signed off on a 25 percent tariff on imported steel and a 10 ...

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Could Housing Construction Momentum Take a Hit?

Each monthly LegalShield Law Index tracks factors such as housing starts, foreclosure starts, and consumer confidence, compiling indices based on LegalShield’s proprietary data culled from their client base. The Law Index is divided up into sub-indices that track different sectors ...

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How Could Import Tariffs Affect Housing?

President Trump caught many by surprise last week by announcing planned tariffs on steel and aluminum, jostling the markets and prompting analysts to weigh in on the prospects of a trade war. But how would the proposed tariffs affect the ...

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Key Posts Collecting Dust

The Trump administration has yet to fill many gaps in the Department of Housing and Urban Development and other positions that affect the mortgage industry. See which positions are vacant and who is planned to fulfill the roles.

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Secretary Carson Makes Rounds During Homeownership Month

HUD Secretary Ben Carson is preparing for a big June as he kicks off the newly proclaimed National Homeownership Month with a forum at his own agency today. He’ll also go before Congress next week to discuss potential HUD budget cuts via Trump’s recent 2018 budget blueprint, which slashes the agency’ funding by more than $6 billion. The cuts will also significantly reduce HUD’s rental assistance program, which Carson recently discussed in a Sirius XM radio interview.

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Carson: The Right Mindset Can Overcome

According to HUD Secretary Ben Carson, with “the right mindset,” many of the low-income citizens using his department’s services could cease to need them. Carson said as much in a recent radio interview, when he talked poverty, housing, and the role the government should play in both. The interview comes on the back of President Trump’s recent 2018 budget blueprint, which includes more than $6 billion in cuts to the HUD budget.

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CFPB vs. PHH: Two-Year Battle Coming to a Head

The highly anticipated hearing for the Consumer Financial Protection Bureau (CFPB) and PHH Corporation took place Wednesday in front of the Court of Appeals for the District of Columbia Circuit. The Court of Appeals agreed to revisit their October decision ...

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