Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief. Processing Content Some of Trump’s allies were alarmed by the […]
Bill Pulte seen as key instigator behind Powell subpoena Read More »
Would-be homebuyers aren’t sitting on the sidelines because they don’t want to buy. They’re sitting out because they think they can’t. And sometimes, it’s their credit score that’s holding them back. According to a Bankrate survey, 2 out of every 5 (42%) Americans believe you need excellent credit to qualify for a mortgage. That may
The Credit Score Myth That’s Holding Would-Be Buyers Back Read More »
For the past several years, the U.S. housing market has faced an unusual constraint: not a lack of buyers, but a lack of sellers willing — or able — to move. Millions of homeowners remain “rate-locked,” holding mortgages originated in 2020–2022 at interest rates between 2% and 4% (Federal Housing Finance Agency; Freddie Mac Primary
The $2–4% mortgage trap is freezing housing: Defeasance may be the way out Read More »