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FHFA and GSEs to Cease Using Anthropic’s AI Products
The Federal Housing Finance Agency (FHFA), Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) will phase out their use of the artificial intelligence products offered by Anthropic. In a post to his personal X account, FHFA Director Bill Pulte announced, “U.S....
FHFA and GSEs to Cease Using Anthropic’s AI Products
President Trump gave all federal agencies up to six months to phase out their use of the company’s products. Continue Reading FHFA and GSEs to Cease Using Anthropic’s AI Products
Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
Nearly 100 mayors of Minnesota localities have signed a letter criticizing state legislators for spending at reckless levels that forced their cities to raise property taxes. KNSI reports the mayors expressed outrage to legislators and Gov. Tim Walz that the state's...
Virginia Home Sales Down in November
A total of 7,492 closed sales were recorded in Virginia during November, representing 361 fewer than in November 2024 for a nearly 5% decline. According to data from Virginia Realtors, sales also fell 16.8% from October. At the end of November, there were 22,978...
FHFA Issues Enterprise Housing Goals Final Rule for 2026-2028
The Federal Housing Finance Agency (FHFA) released its Enterprise Housing Goals Final Rule for 2026-2028, with lower single‑family low-income benchmarks and unchanged multifamily targets. Under the new Final Rule, Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC)...
News & Current Events
Report: Nationwide Mortgage Delinquency Rate at 4-Year High
609,000 borrowers who were current on payments in October became delinquent in November, marking the largest single-month inflow since May 2020. Continue Reading Report: Nationwide Mortgage Delinquency Rate at 4-Year High
Democratic Attorneys General Sue to Block Defunding of the CFPB
“This is yet another attempt by the Trump Administration to dismantle and destroy the federal government, laws and Congress be damned,” said Connecticut Attorney General William Tong. Continue Reading Democratic Attorneys General Sue to Block Defunding of the CFPB
Denver City Council Approves $70 Million for New Soccer Stadium
The $70 million budgeted for the project came from moving several projects out of the capital improvement fund. Continue Reading Denver City Council Approves $70 Million for New Soccer Stadium
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New York Real Estate Broker Arrested for Forgery and Identity Theft
An investigation found Jean Maloney forged the business owner’s signature on a real estate sale contract for a property owned by the business. Continue Reading New York Real Estate Broker Arrested for Forgery and Identity Theft
Penn State to Close 7 Campuses
The board voted 25 to 8 to close the DuBois, Fayette, Mont Alto, New Kensington, Shenango Wilkes-Barre and York campuses. Continue Reading Penn State to Close 7 Campuses
Home Sales and Prices Down in Florida
The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year. Continue Reading Home Sales and Prices Down in Florida
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
The state’s price increases of 63.7% over the past five years outpaced the national average of 55.5%. Continue Reading Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
New York State Records 6.2% Drop in Home Sales
The state’s median price of homes increased for the 21st straight month. Continue Reading New York State Records 6.2% Drop in Home Sales
OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
The buildings’ construction will be funded by G42 while the data center will be operated by OpenAI and the tech company Oracle. Continue Reading OpenAI to Build 1-Gigawatt AI Data Center in Abu Dhabi
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April