Report: Cohn to Remain in White House

Aug 18, 2017

President Trump has named Comptroller of the Currency Joseph Otting to serve as Acting Director of the Federal Housing Finance Agency (FHFA) after Mel Watt’s term concludes on Jan. 6

The political rancor resulting from President Trump’s comments on last weekend’s events in Charlottesville are not driving White House economic adviser Gary Cohn out of the Administration.

According to a Bloomberg report, an unnamed White House official stated that while Cohn was upset over the president’s remarks, he was not that upset to resign his position as director of the National Economic Council. Cohn, whose name has been floated in the media as a potential successor to Janet Yellen at the helm of the Federal Reserve, has not spoken publicly on the president’s comments.

Also remaining in the White House is Dina Powell, deputy national security adviser. Bloomberg reported that while she was also displeased at the president’s comments, she is has no plans to quit her position.

About the author

Phil Hall

Link copied

Published

Aug 18, 2017

Analysis and Data

VantageScore Says Latest Assessment Confirms Mortgage Performance Edge

The company points to trended data and tri-bureau consistency as approved lenders begin using greater credit-score choice

VantageScore says its latest performance assessment confirms that VantageScore 4.0 is better at predicting mortgage risk than earlier VantageScore models and other benchmark credit scores, strengthening the company’s case as lenders begin working with multiple approved scori...

Courts

Two Harbors Responds To UWM Lawsuit; Ishbia Reassures Brokers

Two Harbors disputes UWM’s claims and questions its $603.2 million derivatives loss, while Ishbia says the wholesale lender has never been stronger

Two Harbors Investment Corp. has answered UWM’s more than $500 million lawsuit with a competing account of why their merger failed and who bears responsibility for the financial fallout.In a statement Tuesday, Two Harbors disputed UWM’s breach-of-contract and fraud allegatio...

Oct

Denver, CO

More from

Regulation and Compliance

CHLA Uses Trump Mortgage Order To Renew Push For LO Comp Reform

Community lenders want more flexibility over employee compensation, closing-cost estimates, down payment assistance, and federal supervision of smaller IMBs

Regulation and Compliance

Aug 10, 2026

Servicers Begin Testing Systems Ahead of VA Partial Claim Deadline

VA lenders and servicers have until Nov. 28 to implement the new loss mitigation waterfall and Partial Claim Program

Regulation and Compliance

Aug 06, 2026

ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

Regulation and Compliance

Aug 05, 2026

CRA Proposal Could Reshape Bank Lending And Affordable Housing Investment

The OCC and FDIC would put more weight on lending while easing community development requirements for hundreds of banks

Regulation and Compliance

Aug 05, 2026

Fannie Mae AI Governance Deadline Arrives Aug. 6

Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place

Regulation and Compliance

Jul 31, 2026

Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3