Would a 50-year mortgage make homeownership more affordable? The Trump administration is working on a plan for a mortgage term that spans five decades, Federal Housing Finance Agency Director Bill Pulte confirmed this weekend, calling it “a complete game changer” and a “potential weapon in a WIDE arsenal of solutions that we are developing right…
Kimberly Draxler was in shock when she called her mortgage lender in April and was told her four-bedroom home in Hillview, Kentucky, would be sold out from under her in a matter of days. Though she had been alerted that something might be wrong by a letter in the mail from an attorney offering assistance…
Ahead of the looming government shutdown, the U.S. Department of Housing and Urban Development on Tuesday posted a banner in large type on its homepage blaming the shutdown on the “Radical Left,” an allegation that an ethics group said was a “blatant violation” of the Hatch Act. “The Radical Left are going to shut down…
Americans worried that a looming U.S. government shutdown could derail their plans to take out a mortgage or refinance their home loan can breathe easy — mostly. Housing experts says lenders will continue processing mortgages as usual even if federal agencies close shop, while noting that a shutdown could lead to hitches for borrowers applying for government-backed…
The housing market has been in a serious crunch since the COVID-19 pandemic, with limited inventory, elevated home prices and mortgages in the 7% range, continuing to keep many would-be home buyers locked out. But even amid such tight constraints, modest declines in home prices can still be found in some regions of the country. That’s…
The “Department of Government Efficiency” (DOGE), which was previously led by Tesla CEO Elon Musk, is reportedly using artificial intelligence (AI) to create a “delete list” of federal regulations. This initiative aims to cut 50% of regulations by the first anniversary of US President Donald Trump’s second inauguration. According to internal documents obtained by The…