Katy O'Donnell

Washington, D.C.

Reporter at POLITICO

Reporter, Politico. [email protected] [email protected] Signal: ktod.57

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Articles

Trump's plan to remake mortgage finance baffles housing experts

1 week ago | politico.com | Katy O'Donnell

“I want to get them out of conservatorship,” said Sen. Mike Rounds (R-S.D.), chair of the Senate Banking subcommittee with oversight of Fannie and Freddie. “But I want to be very careful about how we do it, because we need the secondary market, and we need it to work,” he added, referring to the market where mortgage loans are purchased and sold to investors. Rep.
Trump's plan to remake mortgage finance baffles housing experts

1 week ago | flipboard.com | Katy O'Donnell

A tumultuous week in Los Angeles illustrates the human toll of the Trump administration’s more aggressive immigration crackdownDays before immigration raids sparked sometimes violent protests and the deployment of US troops in Los Angeles, Nancy Raquel Chirinos Medina said, her husband received a “strange” text. The message from US Immigration and Customs Enforcement directed the father of two with one on the way to come to …
The lose-lose housing market

3 weeks ago | politico.com | Katy O'Donnell

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. The housing sector in recent years has been a tale of two markets: It was the best of times (for homeowners), it was the worst of times (for would-be home buyers).
GOP megadonor Griffin: Trump tariffs are unleashing ‘crony capitalism’

1 month ago | politico.com | Sam Sutton |Katy O'Donnell

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. BEVERLY HILLS — President Donald Trump is promising that his economic agenda will empower American consumers and unlock economic growth.
Will Trump own the jobs report?

1 month ago | politico.com | Sam Sutton |Katy O'Donnell

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. The White House broke out the sparkling wine when it framed March’s blockbuster jobs report as a sign that President Donald Trump had fostered an employment boom.
Home sales fall to lowest level since the financial crisis

2 months ago | politico.com | Katy O'Donnell

The slump is especially noteworthy because sales typically pick up in March as the spring buying season gets underway. The housing slump comes amid dizzying financial market volatility and falling consumer confidence. | Justin Sullivan/Getty Images The housing market had its worst March since the global financial crisis, weighed down by high borrowing costs and falling consumer confidence in the economy.
‘Preposterously inefficient’: The flaw in the GOP case against the CFPB

2 months ago | politico.com | Katy O'Donnell

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.
Democrats alarmed over upheaval at housing regulator, fearing instability

2 months ago | politico.com | Katy O'Donnell

A major shakeup at the top U.S. housing regulator is drawing protests from Democrats, who fear the Trump administration is rushing to privatize the two government-run companies that finance much of the industry. Selling off Fannie Mae and Freddie Mac, which together back about half the country’s $13 trillion residential mortgage market, could destabilize the already struggling industry and push up borrowing costs, they say.
Wall Street’s dealmaking machine freezes up

2 months ago | politico.com | Declan Harty |Katy O'Donnell

Editor’s note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro. It was supposed to be a banner year for Wall Street’s deal-making machine. Then President Donald Trump’s trade war happened.
‘We are all waiting for a reply.’ Countries say White House hasn’t responded on tariff talks.

2 months ago | politico.com | Ari Hawkins |Nahal Toosi |Daniel Desrochers |Katy O'Donnell

It’s a sign that even as the administration tries to reassure financial markets, business leaders and fellow Republicans that they have an end game for the market-shaking duties, the White House is still very far from reaching any substantive trade deals with major foreign partners. Rapid progress will be even harder because now the administration is trying to negotiate bilateral deals with nearly 100 countries simultaneously to achieve a murky set of goals.