HousingWireHousingWire Elon Musk has entered the Consumer Financial Protection Bureau (CFPB). According to a report from WIRED, associates working with Musk entered CFPB’s building Thursday, and CFPB Chief Operating Officer Adam Martinez confirmed that Musk’s team will receive ready-only access to a sweeping amount of the bureau’s data. Martinez said…
Continue reading →HousingWireHousingWire The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. For those seeking lower mortgage rates, it’s…
Continue reading →HousingWireHousingWire Last month’s wildfires in Southern California had a devastating impact as 29 people were killed and about 16,000 homes were destroyed. Leading up to the disasters, the state’s largest private home insurer dropped policies in high-risk areas, leaving them financially unprotected after they burned to the ground. That’s according…
Continue reading →HousingWireHousingWire Freshly confirmed and sworn in, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner held his first town hall with department staff as the Trump administration’s housing leader. He used the brief proceeding to thank the department’s staff, to praise his Trump-era predecessor Ben Carson and to…
Continue reading →HousingWireHousingWire Realtor.com is the latest company to leave sunny California for the Texas hill country. The company announced this week that it’s relocating from Santa Clara to Austin with the goal of making Austin its primary pipeline for hiring talent, with more investments in that coming. Realtor.com says that the…
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