(RECAP: In its 2019 spending plot released Monday, the administration questioned Congress to raise the fees Fannie and Freddie charge to back payments on mortgage-backed securities by 0.1 percentage point, a go it said would reduce the federal budget deficit by $25.7 billion over the next decade.)
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(RECAP: The Trump Administration today announced the proposed Fiscal Year 2019 Budget for HUD, a $41.24 billion spending plot that continues or expands support for vulnerable populations including those experiencing homelessness, the elderly and persons living with disabilities. The President’s 2019 Budget represents a commitment to fiscal restraint, with a modest one percent increase in discretionary funding over last year’s request.)
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(RECAP: Even as economic indicators suggest solid growth through the remainder of this year and 2019, wages are unlikely to rise enough to meet skyrocketing home prices across the Richmond region. “The problem is you’re not building enough homes,” said economist Elliot Eisenberg, addressing a group of homebuilders, developers, mortgage lenders and real estate agents last week at the Home Building Association of Richmond’s local forecast seminar.)
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