Mortgage rates increase to 6.22%
Soaring Home Construction Costs and Mortgage Rates Update FOX Business reporter Jeff Flock recently appeared on Varney & Co. to discuss how mandatory electric vehicle (EV) wiring, roofs designed for solar panels, and stricter insulation rules are driving up home construction expenses. On Thursday, mortgage buyer Freddie Mac reported an increase in stock prices this […]
Grand jury decides not to charge NY Attorney General Letitia James after mortgage fraud charges were refiled by the DOJ
Grand Jury Declines to Indict New York AG Letitia James A federal grand jury decided on Thursday not to indict New York State Attorney General Letitia James, which is a notable setback for the prosecutors involved in a revised criminal mortgage fraud case. This information has been confirmed by various sources. The jury was asked […]
Figure is moving the mortgage market onto the blockchain
Transforming the Mortgage Process It’s interesting how things can change. For a long time, navigating the mortgage landscape was a daunting task, riddled with lengthy procedures and mountains of paperwork. It often felt more like a labyrinth than a straightforward transaction, taking months to finalize. Enter Figure, a fintech company based in New York, which […]
Swalwell files a lawsuit against Trump’s FHFA Director after a criminal mortgage fraud case, stating that a D.C. home is owned by his wife.
Swalwell Files Lawsuit Against Former FHFA Head California Congressman Eric Swalwell has initiated a federal civil lawsuit against William Pelt, who led the Federal Housing Finance Agency (FHFA) during the Trump administration. The case has been filed in the U.S. District Court for the District of Columbia. The lawsuit claims that Pelt breached the Privacy […]
Swalwell files a lawsuit against Bill Pulte for reportedly accessing mortgage records without authorization.
Swalwell Sues FHFA Director Over Alleged Misuse of Mortgage Records Representative Eric Swalwell, a Democrat from California, has filed a lawsuit claiming that the head of the Federal Housing Finance Agency (FHFA) improperly accessed private mortgage records of Democratic members of Congress. This action, he argues, was meant to initiate a federal criminal investigation. The […]
Credit expert embarrassed by Trump administration’s 50-year mortgage proposal for American homebuyers
Expert Voices Concerns Over 50-Year Mortgages Credit solutions expert Micah Smith, who founded Micah Abigail LLC, has expressed strong disapproval of the proposed 50-year mortgage plans introduced during the Trump administration. In an interview, Smith articulated her frustrations about the potential risks associated with these long-term loans. While the idea seems appealing—lower monthly payments stretched […]
Eric Swalwell Declares Candidacy for California Governor on Jimmy Kimmel, Just a Week After Mortgage Fraud Referral
Swalwell Announces Run for Governor of California California Democratic Representative Eric Swalwell declared his intention to run for governor during an appearance on “Jimmy Kimmel Live!” on Thursday night, positioning himself as a defender of California against former President Donald Trump. This announcement comes on the heels of a criminal subpoena from the Federal Housing […]
Lisa Cook and Letitia James deny claims of mortgage fraud against the Trump administration
Legal Battle Over Real Estate Deal Accusations On Monday, attorneys for two officials, who have been singled out by President Trump due to personal real estate transactions, criticized the government’s efforts to initiate lawsuits against them. They pointed fingers at the housing officials making the accusations and at the president’s campaign for retaliation. Attorney Abby […]
Mortgage rates increase to 6.24%
Discussion on Housing Market Innovations A panel on “The Big Money Show” is set to discuss Bill Pelt, a federal housing official, who proposed the concept of “portable mortgages.” This initiative aims to boost home sales and breathe new life into a struggling housing market. In recent news, Freddie Mac reported that mortgage rates have […]
The Concept of a Portable Mortgage Isn’t as Unreasonable as It Seems
Understanding Why Subsidies for Downsizing Baby Boomers Might Actually Be Effective The Trump administration has put forth a concept that many might find quite logical: a portable mortgage. This notion allows homeowners to transfer their existing mortgage—along with its interest rate—when they sell one home and buy another. It feels intuitive, right? If you’re making […]