Nation: President Trump Releases Budget

On Thursday, March 16th, President Trump released the “America First – A Budget Blueprint to Make America Great Again.” The budget does not include many details, but is more an outline of President Trump’s spending proposals. House and Senate appropriations committees will review the budget proposals and will develop the final budget documents for theContinue reading “Nation: President Trump Releases Budget”

Nation: President Signs WOTUS Order

President Trump signed an Executive Order that begins to unwind the Obama administration’s controversial Clean Water Rule. Also known as the Waters of the U.S. rule, or WOTUS, the regulation was written by U.S. EPA and the Army Corps of Engineers to clarify the reach of the federal government over wetlands and waterways under theContinue reading “Nation: President Signs WOTUS Order”

Nation: President Mentions Infrastructure Bill in Address

President Trump reiterated his desire for a new transportation/infrastructure program during his address to Congress last night. “Crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our beautiful land,” he said. “To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a $1Continue reading “Nation: President Mentions Infrastructure Bill in Address”

Nation: Supreme Court to Hear WOTUS

The Supreme Court has agreed to take up the dispute over which lower courts have jurisdiction to hear challenges to the Obama administration’s Clean Water Rule. The Court will reconsider the 6th U.S. Circuit Court of Appeals’ decision to hear legal challenges to the rule, which is also known as Waters of the U.S., or WOTUS.Continue reading “Nation: Supreme Court to Hear WOTUS”

Nation: HUD Suspends FHA Mortgage Insurance Premium Rate Cut

One of President Trump’s first executive orders suspended a 25-basis point fee reduction for FHA mortgage insurance premiums. NAR estimated that the fee reduction would have opened homeownership to an additional 30,000 to 40,000 homebuyers. The reduced premium would save the average FHA borrower $500 a year in insurance costs. The Department of Housing and Urban DevelopmentContinue reading “Nation: HUD Suspends FHA Mortgage Insurance Premium Rate Cut”