National Mortgage News

5 days ago | nationalmortgagenews.com | Claire Williams

WASHINGTON — President Donald Trump on Friday evening signed a rule that officially eliminates the Office of the Comptroller of the Currency's stricter reviews of certain bank mergers. Trump signed the Congressional Review Act resolution Friday nullifying the Office of the Comptroller of the Currency's Biden-era rule that got rid of an expedited rule process for small banks, among other provisions.

5 days ago | nationalmortgagenews.com | Catherine Leffert |Kevin Wack

Stress-test reform is almost certainly coming. But the annual regulatory exams, which measure how well-prepared banks are for economic shocks, are still more of a black box than the industry would prefer. So there will be some uncertainty when the Federal Reserve releases this year's results on Friday at 4:30 p.m. Eastern time. The stress-tested banks are expected to release their own updates, including any changes to their capital distribution plans, next week.

6 days ago | nationalmortgagenews.com | Claire Williams

WASHINGTON — The Senate parliamentarian has decided to disallow the slash to Consumer Financial Protection Bureau funding in President Donald Trump's so-called "big, beautiful bill" to reform government taxes and spending. Senate Parliamentarian Elizabeth MacDonough has advised that several provisions in Senate Banking Committee Republicans' spending legislation would violate the Byrd rule, which bars "extraneous" items from being included in reconciliation bills.

1 week ago | nationalmortgagenews.com | Maria Volkova

Department of Housing and Urban Development Secretary Scott Turner reiterated his focus on increasing housing supply and streamlining operations at the federal agency. "Making housing more affordable and increasing the supply of housing in our country…is a top priority of mine," Turner said at a luncheon hosted by the Exchequer Club and Women in Housing & Finance in Washington on Wednesday.

1 week ago | nationalmortgagenews.com | Spencer Lee

Past expectations of a wave of homes to hit the market once senior citizens move out are fading, with a majority of baby boomers saying they won't sell for at least another decade — if ever. Just over one-third, or 33.5%, of baby boomers have no plans to sell their current homes in their lifetimes, according to new research from Redfin. Similarly, another 30% thought they would wait at least another decade before listing their properties.