Mortgage applications inched up for the week ending Nov. 7, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 0.6% on a seasonally adjusted basis from one week...
White House officials are reportedly angry with Bill Pulte, the director of the Federal Housing Finance Agency (FHFA), for influencing President Trump to announce his poorly received plan for a 50-year mortgage to encourage affordable homeownership. Politico, sourcing...
Zillow Group (NASDAQ: Z, ZG) has been hit with a new lawsuit that accuses the company of steering homebuyers into using its mortgage lending services. Reuters reports the proposed class action lawsuit alleged the Seattle-headquartered company of providing affiliated...
Toronto-headquartered Bloom Finance Company Ltd. has rolled out SafeRate, which is being promoted as Canada’s first reverse mortgage with a lifetime fixed interest rate. According to the company, the new product is designed to protect seniors by eliminating...
A Phil Hall Op-Ed: Over the weekend, President Trump posted a meme on Truth Social with the headline “Great American Presidents” that showed Franklin D. Roosevelt linked to “30-Year Mortgage” while Trump was next to him linked to “50-Year Mortgage.” Almost immediately...
President Trump made a surprise announcement on Saturday via a Truth Social posting where he floated the idea of a 50-year mortgage. In his post, Trump compared his advocacy for a 50-year mortgage to President Franklin D. Roosevelt’s advocacy of a 30-year mortgage...
