Trump Suggests Privatizing Infamous Mortgage Companies That Contributed to 2008 Crisis
Trump Considers Privatizing Fannie Mae and Freddie Mac On Wednesday, President Donald Trump indicated that he is seriously contemplating the privatization of Fannie Mae and Freddie Mac, two key players in the U.S. mortgage sector. It has been over 15 years since the government took control of these companies during the financial crisis of 2008. […]
Jamie Dimon from JPMorgan speaks out against mortgage lending regulations during the company’s investor day.
Jamie Dimon Critiques Financial Regulators During JPMorgan Chase’s Annual Investor Day, CEO Jamie Dimon expressed dissatisfaction with financial regulators for not easing rules that he believes are driving up costs for homebuyers. He mentioned that many of these homes may not even be necessary. “I’ve mentioned this before, but the cost of a mortgage can […]
Virgin Money mortgage holders complain about Nationwide’s better offers.
Some customers of Virgin Money are expressing discontent over the disparity in mortgage offers compared to national borrowers, even though both belong to the same corporate family. Following Virgin Money’s acquisition by Nationwide last fall, the two brands still function separately. Some Virgin mortgage holders feel like they’re at a disadvantage when trying to secure […]
Mortgage rates increase to 6.81%
Host Charles Payne, from “Make Money,” recently pondered whether President Trump’s trade war might push the U.S. towards isolation. On Thursday, Freddie Mac released its latest research findings. The data showed that the average rate for 30-year fixed mortgages has climbed to 6.81%, up from 6.76% the prior week. A year ago, this rate was […]
Federal and city officials should investigate Jumaane Williams for potential mortgage fraud, according to a political source.
The federal government and the city are being urged to look into potential mortgage fraud by NYC public advocate Jumaane Williams, particularly focusing on concerning aspects surrounding his Brooklyn property that recently went into foreclosure. Councillor Robert Holden (D-Keynes) sent letters to Federal Housing and Finance Director William Plute and Jocelyn Strauber of the New […]
AG Tish James faced interruptions regarding the mortgage fraud case at the town hall: ‘Say sorry to Donald Trump’
New York Attorney General Letitia James faced a wave of disruption from Trump supporters during a community hearing, coinciding with the initiation of a federal criminal investigation into alleged mortgage fraud, which they deemed “basically unfounded.” This situation unfolded at a community impact hearing in Westchester on Thursday night, just hours after a formal criminal […]
FBI Looking Into Mortgage Fraud Allegations Involving Letitia James
Reports indicate that the Federal Bureau of Investigation (FBI) has initiated a criminal inquiry into New York Attorney General Letitia James (D), who previously targeted President Donald Trump over claims of mortgage fraud. According to New York Post, a new U.S. Attorney’s office will be established in Albany to further this investigation. William Prute, director […]
FBI Allegedly Launches Formal Inquiry into Letitia James Regarding Mortgage Fraud Claims
Federal law enforcement officials have initiated a formal investigation into New York Attorney General Letitia James regarding allegations of mortgage fraud, as of Thursday. Reports indicate that the FBI and U.S. attorneys from Upstate New York began this investigation after receiving a referral from William J. Pulte, the U.S. Federal Housing and Finance Director, who […]
Mortgage rates remain steady at 6.76%
Mortgage rates held steady this week, according to Freddie Mac. Freddie Mac’s recent primary mortgage market survey, published Thursday, indicated that the average rate for a 30-year fixed mortgage remained unchanged from last week at 6.76%. A year ago, this rate was at 7.09%. Is the U.S. housing market favorable for buyers? Sam Carter, Freddie […]
FBI starts official criminal investigation into New York Attorney General Letitia James for suspected mortgage fraud
The FBI’s Albany division, along with the U.S. Attorney’s Office, is investigating allegations of mortgage fraud involving New York Attorney General Letitia James. This investigation was first reported by Times Union after the Federal Housing and Finance Agency (FHFA) Director, William Prute, sent a federal criminal referral to the Department of Justice earlier this month. […]