Insights: Clients

Trump/Pulte Housing Supply Comments, GSE Policy, Regulatory Reforms

President Trump posted earlier this week that he feels homebuilders are not building a sufficient volume of housing, despite having been permitted for 2m lots, and that he’s asking the GSEs to “get [Big Homebuilders] going.” FHFA Director Pulte echoed Trump’s complaint about homebuilders and said the GSEs will “do just that.” Trump/Pulte’s...

Mergers & Acquisitions

Compass/Anywhere

Based on research to date, we expect Compass/Anywhere will receive a second request from the DOJ. Feedback from industry participants (who are not involved in the deal) as well as industry reports indicate that the combined company will have a dominant share of the luxury home brokerage services market at both a national and local level. We...

Treasury Secretary Bessent indicated that the administration may begin providing aid to farmers as early as this week, though reports indicate that this could slip, in part due to the government shutdown. Reports suggest that the administration is considering providing ~$10b in aid. Republicans, led by Sen. Grassley (R-IA), have been pushing the...

Fed Personnel/Litigation

Last week, the Supreme Court (SCOTUS) deferred a ruling on President Trump’s motion for stay on lower court rulings barring his firing of Federal Reserve Board Governor Cook. Rather than ruling on the President’s motion for a stay, SCOTUS has scheduled oral arguments on the matter for January. No official date has been set, but currently SCOTUS...

Government Shutdown

On Friday, the Senate took an additional vote on a House-passed “continuing resolution (CR)” that would provide appropriations through November and allow the government to re-open, but no Democrats voted for it beyond the three that had done so earlier last week. Seven Democratic votes will be required in addition to all Republicans to reach the...

Tech / Media / Telecom

Export Controls/China/Semiconductors

The Commerce Department issued a rule that would add to its entity list (blacklist) any subsidiaries that are at least 50% owned by a company already on the entity list. Firms on the entity list are not allowed to contract with U.S. firms unless the Commerce Department grants the U.S. firm a license to do so. The entity list expansion is not...