Judge puts a temporary hold on DOGE-driven move to fire all but 200 of the Consumer Financial Protection Bureau’s 1,700 employees to determine if it could still fulfill its statutory duties Continue reading
Mortgage rates are climbing back toward 7 percent on fears that tariffs could reignite inflation, but Federal Reserve Chairman Jerome Powell warns policymakers would be challenged if unemployment also rises. Continue reading
Experts surveyed by Fannie Mae expect national home prices to grow by 3.4 percent in 2025. Median list prices in 69 markets were down by 10 percent or more from a year ago in March. Continue reading
Omeed Malik, founder of investment bank Farvahar Partners and venture capital firm 1789 Capital, is a business partner and “close friend” of Donald Trump Jr. Continue reading
Christian Faes’ Los Angeles-based Faes & Co. will back tech-enabled direct lenders that cater to U.S. residential real estate investors including F2 Finance. Continue reading
Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading
For investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won’t be over until Congress actually votes to approve the deal negotiated over the weekend. Continue reading
Focusing exclusively on monthly payments can mean borrowers lose sight of the advantages, and drawbacks, of various loan products. Trainer Bernice Ross looks at some alternatives to the 30-year fixed rate mortgage. Continue reading
House lawmakers ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68 billion in risk since 2015. Continue reading
A homebuyer taking out a $300,000 loan could end up overpaying by $1,200 a year — and even more if they’re in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis. Continue reading