Trump Criticizes ‘Fraudster’ Adam Schiff for Potential Mortgage Fraud
On Tuesday, President Donald Trump raised suspicions regarding Sen. Adam Schiff (D-CA), suggesting he may have engaged in mortgage fraud. In a post on his Truth Social platform, Trump stated, “I’ve always suspected Shifty Adam Schiff as a con man.” He further elaborated: “I now know that Fannie Mae’s financial crimes division has found evidence […]
Trump claims Sen. Adam Schiff should face consequences for mortgage fraud following a DOJ criminal referral.
Trump’s Allegations Against Senator Schiff On Tuesday, President Trump accused California Senator Adam Schiff of being involved in mortgage fraud, referring to him as “stolen on trial.” This claim follows a report from Fannie Mae’s financial crime division suggesting Schiff might be engaging in a series of fraudulent activities regarding his mortgage. Trump expressed his […]
Trump Claims Adam Schiff Committed Mortgage Fraud and Demands Prosecution
Trump Calls for Charges Against Schiff On Monday, President Donald Trump urged that California Democratic Senator Adam Schiff be charged with mortgage fraud. Trump referenced an announcement from the financial crime division of mortgage giant Fannie Mae, stating that Schiff is “engaged in a persistent pattern of mortgage fraud.” He urged California Democrats to take […]
Bilt Rewards to introduce three new cards and allow points for mortgage payments soon
Earlier this year, Bilt sought input from its members regarding new card options. They’ve taken those insights to heart, announcing three new credit cards tailored to member preferences. Moreover, with an additional $250 million in funding, the company is accelerating its expansion into other housing sectors, creating an exciting opportunity for members to earn points […]
Mortgage rates increase to 6.72%
Housing Market Updates Lance Lambert, co-founder and editor-in-chief of Resiclub, is currently addressing substantial worries about the housing market, particularly around profitability. Freddie Mac shared its latest primary mortgage market insights on Thursday, revealing that the average rate for benchmark 30-year fixed mortgages increased to 6.72%, up from last week’s 6.67%. Just a year ago, […]
Mortgage rates decrease to 6.77%
US Real Estate Market Set for Changes Experts in the real estate industry believe significant changes are on the horizon for the US housing market in the coming months. According to mortgage buyer Freddie Mac, mortgage interest rates have dropped to their lowest levels in four weeks as of Thursday. Their latest primary mortgage market […]
FHFA instructs Fannie Mae and Freddie Mac to evaluate crypto as a mortgage asset
Housing Market Update: Cryptocurrency Considered as Mortgage Assets U.S. housing regulators are now requiring Fannie Mae and Freddie Mac to factor cryptocurrencies into their risk assessments for single-family mortgages. William Prute, the director of the Federal Housing Finance Agency (FHFA), announced this directive on social media, stating that he has ordered the government-sponsored enterprises to […]
National Regulator Begins to Explore the Inclusion of Cryptocurrency in Mortgage Applications
FHFA Director Signals Change in Mortgage Application Process William Plute, the Director of the Federal Housing Finance Agency, has recently issued instructions to Fannie Mae and Freddie Mac. These guidelines suggest incorporating cryptocurrency holdings when assessing assets in mortgage applications. By recognizing cryptocurrencies as valid assets, borrowers who possess digital currencies could strengthen their financial […]
Home sales drop more than anticipated as high mortgage rates reduce demand
In May, the sale of new homes in the U.S. dropped more than analysts had anticipated, largely due to rising mortgage rates and an influx of unsold properties on the market. According to the Commerce Department’s Census Bureau, new home sales fell by 13.7%, adjusting the annual rate to 623,000 units. This is a significant […]
May home sales slow down as elevated mortgage rates keep buyers at bay
US Home Sales Show Unexpected Increase Amid High Mortgage Rates In May, existing home sales in the United States rose unexpectedly, but the overall trend continues to be relatively weak, largely due to elevated mortgage rates. The National Association of Realtors (NAR) reported on Monday that home sales climbed by 0.8% last month, reaching a […]