In a social post on Saturday, President Trump floated the idea of a 50-year mortgage to boost housing affordability, but the idea got a frosty reception online. One reason is that stretching the loan term out that long ends up costing much more in interest over the life of the loan while only shaving a […]
A 50-year mortgage could double your interest payment Read More »
Trump on Saturday posted an image on social that seemed to suggest he would be proposing 50-year mortgages, something FHFA Director Bill Pulte confirmed shortly after on X. The image Trump posted on Truth Social features a head shot of President Franklin Delano Roosevelt under the title 30-year mortgage, and his own head shot under
Trump proposes 50-year mortgage to help affordability Read More »
Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources. According to a September memo summarizing the findings, any financial benefit James may have received would have been minimal — roughly $800
Memo reportedly undercuts mortgage fraud allegations against Letitia James Read More »
A federal grand jury indicted Letitia James, the New York attorney general, for bank fraud on Thursday, a person familiar with the matter told The Associated Press. The source, who spoke on the condition of anonymity because they were not authorized to publicly discuss the matter, told the outlet that James was indicted in the
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As the U.S. government hits its seventh shutdown day under President Donald Trump, economists and real estate analysts are watching anxiously for cracks in the housing market. One week in, there is limited evidence of direct shutdown effects, but many warning signs and structural risks loom. Carl Gomez, chief economist and head of market analytics
CoStar economist details housing risks of extended government shutdown Read More »
President Donald Trump’s decision to impose steep new tariffs on imported wood, furniture and home fixtures is drawing criticism from economists, builders and housing experts who warn the move could further strain an already fragile housing market. New tariffs in these sectors were first announced Sept. 26 by Trump on social media, with further details
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The Trump administration is preparing to slash funding for permanent housing programs aimed at addressing homelessness and shifting billions toward transitional housing that requires work or service participation, according to a report from Politico. The Department of Housing and Urban Development’s (HUD) Continuum of Care program — the nation’s largest initiative to house people experiencing
Trump administrations plans deep cuts to homeless housing Read More »
Government shutdowns have repeatedly rippled through the real estate industry over the past three decades, delaying loans, snarling flood insurance and rattling buyer confidence. A federal shutdown is days away as of Friday — threatening paychecks for hundreds of thousands of workers, freezing key reports like monthly jobs data and placing a layer of uncertainty
Government shutdown looms large for real estate, mortgage Read More »
Key Insight: Washington Federal Bank and Planet Home Lending are only the latest in a long list of businesses against which the CFPB has terminated its consent orders. Supporting Data: Since Donald Trump returned to the White House, the CFPB has dropped dozens of enforcement actions and initiated only two. Expert quote: “It’s clear that
CFPB drops enforcement actions against two more lenders Read More »
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
HUD rolls back Fair Housing enforcement, internal records show Read More »