HousingWireHousingWire Two Republican lawmakers from Texas have introduced bills that would end funding for the Consumer Financial Protection Bureau (CFPB), the latest in a series of swift moves by the Trump administration that target the embattled regulator. H.R. 814, sponsored by Rep. Keith Self, and S. 303, sponsored by Sen….
Continue reading →HousingWireHousingWire In 2024, a key element for the reverse mortgage industry was a sense of newfound collaboration that many industry participants felt with forward mortgage players. Longbridge Financial largely sees that dynamic as one that is likely to continue, according to CEO Chris Mayer. In an interview with HousingWire’s Reverse…
Continue reading →HousingWireHousingWire Rumors of large-scale staffing cuts at Ginnie Mae are spooking Wall Street and the housing industry, who fear potential repercussions to the mortgage-backed securities market. Mortgage lenders and developers are reportedly working their contact lists in Washington, D.C. to try and protect the company from the cuts already imposed…
Continue reading →HousingWireHousingWire Richard Grenell, the special envoy to President Donald Trump, said there will be strings attached to California wildfire aid, Politico reported on Friday. During a conversation with Politico’s Dasha Burns at the Conservative Political Action Conference in Washington, D.C., on Friday, Grenell shared that the “conditions” of the aid…
Continue reading →HousingWireHousingWire Mortgage rates decreased again today on weak economic data, following last Friday’s similar drop in the 10-year yield. Furthermore, the mortgage spreads in today’s pricing are favorable. According to the latest quote from Mortgage News Daily, mortgage rates are now around 6.89%. This represents a decline of 0.37% from…
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