- Sep 9-10, 2024|San Diego, CA
With President-elect Trump's new Department of Government Efficiency proposing a 75% cut in the number of federal workers, Turner did not provide details on his plans to potentially shrink headcount at HUD.
"What I do support is encouraging people to do the job that they've been called to do. But also I don't want to encourage people to do something I'm not willing to do," he said.
Similarly, when addressing the department's full budget and his willingness to protect it from any future proposed cuts, the nominee repeated comments he made earlier in the hearing. In his first term, Trump regularly proposed slashing HUD's budget, jeopardizing various programs within it.
"My goal, if confirmed by the committee, obviously, is to maximize that budget to meet the needs of the American people and to carry forth the programs at HUD," Turner said.
Turner expressed stronger support for fair housing regulation, though after Sen. Raphael Warnock D-Ga. expressed concerns over rollback of potential anti-discriminatory laws, including those around appraisals.
"I do commit to upholding the law as it is on the books against all illegal discrimination," Turner affirmed.
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Underwriting methods have been steadily shifting to traditional full documentation, which accounts for 13.3% in the VERUS 2024-9, KBRA said, its largest share since VERUS 2024-6.
December 5
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Mortgage trade groups have vowed to reintroduce the trigger leads bill next year.
December 4
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Paul Atkins, a noted critic of the Consumer Financial Protection Bureau, will join the Financial Stability Oversight Council, where he will play a role in shaping housing policy.
December 4
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The Federal Reserve chair is not concerned about President-elect Trump nominating his successor well in advance of the end of his term in 2026, saying he is "confident" he will have a productive relationship with the next Treasury Secretary.
December 4
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The development marks another step in eNote adoption at government housing agencies following an announcement allowing commingled Ginnie Mae securitized pools earlier this year.
December 4
Those who raced ahead of the pack of loan originators last year went the distance by offering exceptional customer service, catering to niche pockets of demand in the market.
These are the best of the best, the nation's 50 most productive mortgage originators by dollar volume.
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This is the second short-sale fraud case to make headlines in recent weeks, following the conviction of a New York businessman in November.
December 6
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The influence of expected policy changes from President-elect Trump will have on real estate next year could be mitigated by economic factors, Realtor.com said.
December 5
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Economic forecasts include the possibility of higher inflation and slower growth that could stall future cuts to the federal fund rates.
December 5
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The Toronto-based bank suspended its medium-term growth targets and announced a full-scale review of its strategies following historic anti-money-laundering failures.
December 5
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The Consumer Financial Protection Bureau is giving the funds to more than 4.3 million consumers harmed by a defunct credit-repair conglomerate, the largest-ever distribution from the bureau's victim-relief fund.
December 5
