The Trump administration wants to allow crypto-backed mortgages. Here's why
In June, a directive issued by the Federal Housing Finance Agency ordered mortgage giants Fannie Mae and Freddie Mac to develop proposals to consider crypto as an asset in single-family home risk assessments. The director of the agency, Bill Pulte, wrote in a post on X that he ordered the two enterprises to prepare their businesses to count cryptocurrency as an asset for a mortgage.
|
Trump calls 50-year mortgages no 'big deal' as right-wing conservatives balk
U.S. President Donald Trump downplayed possible 50-year mortgages as a way to make houses more affordable than typical 30-year loans, as some supporters balked at a plan that would have homeowners paying more in interest and taking longer to build equity. "All it means is you pay less per month. You pay it over a longer period of time. It's not like a big factor. It might help a little bit," Trump told Fox News' "The Ingraham Angle."
|
Reverse mortgages edge up as US economy squeezes older Americans
Cash-strapped American seniors are turning to reverse mortgages, a controversial type of loan that soared during the financial crisis, as a tightening economy drives ageing homeowners to find ways to make ends meet. The number of federally insured reverse mortgages rose more than 6 per cent in the 12 months ending September, according to government data compiled by the National Reverse Mortgage Lenders Association.
|
The Trump administration is 'actively evaluating' portable mortgages. What you need to know
The Trump administration has another idea to make housing more affordable: Let homeowners take their mortgage rate with them when they move. On Wednesday, Federal Housing Finance Agency Director Bill Pulte said the administration is "actively evaluating" so-called portable mortgages. The proposal aims to address the housing market's lack of supply.
|
FinCEN'S New Real Estate Reporting Rule: Historical Context, Compliance Requirements, Legal Challenges...
The RRE Rule is scheduled to take effect on December 1, 2025.* The rule will have profound implications for ACMA members, as title companies, settlement agents, and other real estate industry professionals are now on the frontlines of the federal government's fight against real estate-based money laundering. Industry leaders have criticized the RRE Rule as an onerous and costly administrative burden that will yield few results. Despite a recent federal lawsuit challenging the rule, companies must be prepared to comply.
|