The 30-year fixed-rate mortgage averaged 6.50% as of Sept. 4, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.56%, but it is also up from one year ago when it averaged 6.35%....
Russell Vought, the director of the Office of Management and Budget and interim director of the Consumer Financial Protection Bureau, has called for the closing of the Government Accountability Office (GAO). Axios reports Vought made his thoughts known during a speech...
The Trump administration’s effort to oust Lisa Cook from her position as a governor on the Federal Reserve Board took a new twist as the Department of Justice (DOJ) is reportedly opening a criminal investigation into the accusations that Cook committed mortgage fraud....
Federal Housing Finance Agency (FHFA) Bill Pulte continued his campaign against the Federal Reserve leadership by claiming Chairman Jerome Powell was intentionally working against the White House because he “doesn’t like our president.” In a combative interview this...
The Florida Department of Law Enforcement (FDLE) announced the arrest of 74-year-old Jerald Benjamin Clawson on one count each of organized scheme to defraud and the unlawful use of unregistered securities in a Ponzi-style scheme. The FDLE said it began its...
Maryland Gov. Wes Moore has signed an executive order designed to increase housing production by using state-owned land for efficient development while reducing state permitting timelines for new construction. Moore’s “Housing Starts Here” executive order directs...
