Schumer: Trump order threatens upstate N.Y. business loans, mortgages
"The Trump administration just unwisely put upstate New York's main street lending on the chopping block, something that will hurt new families trying to buy homes and entrepreneurs starting and expanding small businesses," Schumer said in a prepared statement on the issue. Community loan funds and their partner banks, which are connected to the CDFI, help to fund billions of dollars in business loans and mortgages in neighborhoods underserved by big banks each year in New York state.
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Tariffs on lumber and appliances set stage for higher costs on new homes and remodeling projects
Shopping for a new home? Ready to renovate your kitchen or install a new deck? You'll be paying more to do so. The Trump administration's tariffs on imported goods from Canada, Mexico and China - some already in place, others set to take effect in a few weeks - are already driving up the cost of building materials used in new residential construction and home remodeling projects.
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The Fed holds interest rates steady as Trump's trade agenda sparks uncertainty
The Fed is trying to assess the overall economic effect of those tariffs along with the administration's efforts to curb immigration, lower taxes, slash federal spending and roll back regulations. "It's really hard to know how this is going to work out," Fed Chair Jerome Powell told reporters Wednesday. "In the meantime it's appropriate to wait for further clarity. And the cost of doing that, given that the economy is still solid, is very low."
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AI transforming real estate fraud
Fraud continues to be a growing concern in the real estate industry with new schemes emerging and fraudsters becoming more sophisticated, a new report from title insurance company FCT has revealed. The Oakville-headquartered firm's Fraud Insights Report released earlier this month concludes that artificial intelligence (AI) is transforming impersonation and fraud.
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Arizona Couple's Home Sold Without Their Permission by Squatters for $200,000
After Turner's ex-husband, Keith-a long-haul trucker-left the house unattended for a period of time, two strangers, Aaron Polmanteer and Lledera Hollen, forced their way in. Once inside, they found personal documents belonging to the Turners, forged new ones, and assumed their identities.
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Bill Pulte applauded by numerous agencies on his recent appointment as the new director of the FHFA
Pulte, a businessman and philanthropist known for his work in housing and real estate development, will lead the FHFA, which oversees Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks and plays a key role in maintaining the stability of the U.S. housing finance system.
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