The Homebuyers Privacy Protection Act of 2024, a U.S. Senate bill introduced this past December that targets mortgage trigger leads, has been incorporated into the fiscal year 2025 National Defense Authorization Act (NDAA).

Legislation regulating the use of trigger leads, long a hot button topic in the mortgage industry, has come closer to becoming law as it has been included as an amendment to one of the federal budget bills.

The aggressive start to its rate-cutting cycle signals policymakers’ intention to maintain a “solid labor market,” Powell remarked

Scott Olson, executive director, Community Home Lenders of America “Today’s interest rate cuts are critical in creating a more affordable housing environment, particularly for first-time and low-to moderate-income homebuyers.”

A historic rise in home prices and nearly three years of high mortgage rates have put housing issues front and center in the 2024 presidential campaign. Kamala Harris has outlined an ambitious vision for housing that would involve the construction of 3 million new homes in four years.

If Donald Trump wins a second term in the White House, he’s going to attempt to return Fannie Mae and Freddie Mac to private status after more than 16 years under federal conservatorship. That’s according to Mark Calabria, the former head of the Federal Housing Finance Agency (FHFA) under Trump.