Where does Jonathan McKernan’s CFPB nomination stand?

The nomination of Jonathan McKernan to lead the besieged Consumer Financial Protection Bureau (CFPB) remains uncertain. While his nomination was passed out of the Senate Banking Committee nearly two months ago, it has remained on the executive calendar of the Senate without being scheduled for a vot
Read MoreeXp Luxury announces seller financing partnership

eXp Luxury, the upscale division of real estate brokerage eXp Realty, is teaming with MORE Seller Financing to give luxury home sellers new tools to attract buyers and improve listing performance in a high interest rate environment. The partnership, announced this week, will give eXp Luxury agents a
Read MoreTrump’s budget request seeks $33B in HUD cuts

Russell Vought, the director of the White House Office of Management and Budget (OMB), submitted the president’s fiscal year 2026 budget request to the chair of the Senate Appropriations Committee on Friday and is calling for $163 billion in non-defense spending cuts. If the cuts are approved, rough
Read MoreRedwood gains ground with jumbos, defends GSE privatization efforts

California-based real estate investment trust Redwood Trust is expanding its role as a liquidity provider in the jumbo mortgage market while policymakers continue to debate the future of Fannie Mae and Freddie Mac. Redwood’s jumbo loan lock volumes totaled $4 billion in the first three months of 202
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