September 2025

HUD rolls back Fair Housing enforcement, internal records show

Internal documents and interviews reviewed by The New York Times reveal that Trump administration officials at the Department of Housing and Urban Development (HUD) have sharply limited enforcement of the Fair Housing Act — a cornerstone civil rights law designed to prevent discrimination in housing. Emails, memos and testimony from current and former employees obtained […]

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Mortgage Rates Roughly Unchanged to Start New Week

After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates lurched higher following Wednesday’s Fed announcement.  While the Fed cut rates as expected, and while the Fed’s rate forecasts were well-received, Powell’s guidance pushed back in the other direction.  Economic data on Thursday morning made

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Oceanfirst announces mortgage exit, partners with Embrace

New Jersey’s Oceanfirst Bank is ceasing mortgage operations later this year, choosing to instead embark on a new nonbank partnership to serve its customers with home lending needs. The “strategic decision” will pair Oceanfirst with Embrace Home Loans, a deal that is set to begin in the fourth quarter this year, bank officials said.  “The

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