By KIMBERLEY HAAS As the Trump administration continues to make changes to how federal resources are allocated, down payment assistance programs could lose the steam they have been gaining in recent years. According to Down Payment Resource, 2025 kicked off with a record number of homebuyer programs. Between Q4 2023 and Q4 2024, 172 new…
By KIMBERLEY HAAS A New York man was sentenced to 87 months behind bars after he defrauded investors in connection with commercial real estate deals in Atlanta and Miami. According to officials at the U.S. Department of Justice, Elchonon “Elie” Schwartz, 46, of New York City, used CrowdStreet Marketplace to raise over $62.8 million from hundreds…
President Trump’s pick to head the Consumer Financial Protection Bureau is being shuffled to another role. After months of waiting to be confirmed by the Senate, the administration announced the nomination of Jonathan McKernan as Undersecretary of Domestic Finance at the Treasury Department. He was nominated in February to be CFPB director and testified before…
By PATRICK LAVERY For the third consecutive time to open 2025, the Federal Open Market Committee on Wednesday voted to maintain the target range for its key interest rate at 4.25% to 4.5%, with Federal Reserve Board Chairman Jerome Powell saying that despite a still-strong economy, the heightened uncertainty that remains hinged on the policy…
The Trump administration plans to slash federal rental aid that keeps millions of families off the streets. President Donald Trump’s latest budget proposal includes a 43.6% cut to the Department of Housing and Urban Development’s (HUD) rental assistance programs, effectively dismantling housing voucher programs like Section 8. It further establishes a two-year cap on assistance…
By PATRICK LAVERY “The waiting is the hardest part,” Tom Petty once sang, and it appears that will be the case for at least another six weeks, as experts predict the Federal Reserve Board will preserve its key interest rate at a range of 4.25% to 4.5% at the conclusion of the Federal Open Market…
Fannie Mae’s income declined in the first quarter, prompting FHFA director and self-appointed GSE chairman Bill Pulte to look into trimming “fat” within the GSE. Fannie Mae reported a net income of $3.7 billion – a decrease of $659 million compared with Q1 2024 – with net worth reaching $98.3 billion as of March 31,…
Last week, Mark Paoletta, Chief Legal Officer of the Consumer Financial Protection Bureau, issued a memo to staff detailing a seismic shift in the agency’s priorities for 2025. The CFPB will now focus exclusively on “pressing threats to consumers,” particularly “identifiable victims with material and measurable consumer damages,” and emphasizes actions against large banks and…
This article by Economist Catherine Koh was published in Eye On Housing by the National Association of Home Builders on April 3. It has been republished with permission. Manufactured homes play a measurable role in the U.S. housing market by providing an affordable supply option for millions of households. According to the American Housing Survey (AHS),…
Lawmakers in Washington are looking to academia for a better understanding of home equity investment (HEI) products. The Washington State Department of Financial Institutions has commissioned a study from the Evans Policy Innovation Collaboration (EPIC) at the University of Washington in Seattle (UWS). Sociologist Mariana Amorim will lead the investigation into how HEI contracts impact…
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