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Mortgage Politics and Legislation

Last Updated February 21, 2018 5:02 PM Central

IRS Clarifies Home Equity Interest Deductibility
A clarification has been issued by the Internal Revenue Service about the deductibility of interest that is paid on home-equity and junior-lien products.

Frmr Trump Campaign Chair Accused of Mortgage Fraud
The former chairman of President Donald J. Trump's presidential campaign has been accused of mortgage fraud.

Trump Budget Raises G-Fees
Private home lenders are expected to benefit from a proposed increase in the fees for the government-sponsored enterprises to back home loans.

CFPB Strategic Plan More Fair for Regulated Firms
While the acting chief of the Consumer Financial Protection Bureau says the regulator will fulfill its statutory responsibilities, it won't go any further than that.

Tax Law Cuts Into PACE Loan Demand
Changes in the tax law could reduce demand for the controversial Property Assessed Clean Energy Loans, according to a new ratings agency report.

HUD Funding Up In Trump's Budget Proposal
President Donald J. Trump's federal budget proposal moves some expenses to the states and has deficits continuing to expand over the next two years. Funding for the Department of Housing and Urban Development has been increased from last year's proposal, while more activity is expected from the Government National Mortgage Association.

Draft of Senate GSE Bill Emerges
Legislation to overhaul the mortgage finance system is making its way through the Senate and likely could have enough support to pass.

Trump Admin Disassembling Much of Cordray's Legacy
With his appointment of Mick Mulvaney as acting director of the Consumer Financial Protection Bureau, President Donald J. Trump is undoing much of what Richard Cordray put in place.

Tax Law to Impact Home-Equity Products
While home-equity loans and home-equity lines of credit can have lower rates than personal loans, the new tax law could lessen the benefit for some borrowers.

Acting CFPB Director Requests $0 Funding for CFPB
The acting director of the Consumer Financial Protection Bureau has requested no funding for the consumer watchdog agency in his first quarterly funding request.

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Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.

Political Mortgage News | Mortgage Laws
Mortgage people in politics. Political contributions by mortgage companies. Coverage of political support by lenders and executives. GSE lobbying and issues.

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