A look at Biden’s first week in office
January 25, 2021
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In today’s HousingWire Daily episode, HousingWire Digital Media Manager Alcynna Lloyd joins Editor in Chief Sarah Wheeler to discuss the hottest topics coming across HousingWire’s news desk. Lloyd and Wheeler review last week’s inauguration of President Joe Biden and examine which housing issues the new administration has already taken action on.
The pair also discuss the latest existing home sales report, United Wholesale Mortgage’s IPO and the future of mortgage rates in 2021.
For some background on the interview, here’s a brief summary of HousingWire’s recent coverage of Biden’s 60-day regulation freeze announcement:
As one of his first directives upon taking office, President Joe Biden announced a 60-day freeze on regulations to give his administration the time necessary to review any new rules. It could affect two recent rules related to mortgages.
Biden ordered that no new rules can be issued until a member of his administration is appointed to the head of the agency issuing the regulation. He also specified that all rules not already sent to the Office of the Federal Register should be immediately withdrawn for review and approval by a member of the new administration. And for rules that have already been published, Biden asked that departments consider postponing the rules’ effective dates for 60 days from Jan. 20.
After the rules are postponed, Biden mandated that, where appropriate, departments should issue a 30-day comment period to allow stakeholders to weigh in on the regulation. After reviewing the comments, departments should consider further delaying the rule or allowing for longer comment periods beyond the 60-day period, if it is deemed necessary.
HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.