Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What portable mortgages mean for housing market
The Trump administration has suggested a key mortgage change after the president's call for a 50-year mortgage drew in criticism over the implications on equity and long-term debt. A new idea, portable mortgages, however, would allow homeowners to…
What is a portable mortgage? Trump may be planning another mortgage change
The Trump administration may be planning to implement a key mortgage change after the president's call for a 50-year mortgage failed to gain traction. The 50-year mortgage was proposed as a way to boost affordability in today's housing market, but…
Portable mortgages could 'totally upend' the mortgage industry, warns broker
Despite flurry of different mortgage ideas being thrown out, broker has other ideas to help first-time buyers Mortgage affordability has been at the top of the minds of many in Washington lately, as more potential homebuyers struggle to get into…
Rep. Eric Swalwell Referred To DOJ Over Alleged Mortgage Fraud
Trump administration official Bill Pulte has referred Rep. Eric Swalwell, D-Calif., to the Justice Department for possible instances of mortgage and tax fraud, multiple outlets reported Thursday, the latest instance of the Trump administration…
Average US long-term mortgage rate rises again, inching up to 6.24%
The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, though it remains near its low point so far this year. The average long-term mortgage rate ticked up to 6.24% from 6.22% last week, mortgage buyer Freddie Mac…
Another Trump critic faces mortgage fraud claims
A vocal critic of President Trump, Swalwell is the fourth known figure to have his mortgage reviewed by the agency led by Bill Pulte, an ally of the president. Swalwell on Thursday blasted the investigation into him, suggesting it was politically…
Trump's 50-Year Mortgage Play: Part I Of A Two-Part Story
US President Donald Trump speaks at 'The People's House,' a White House immersive experience across the street from the Eisenhower Executive Office Building, during a tour on August 22, 2025, in Washington, DC. US President Donald Trump on Friday…
Mortgage market to be reshaped by new credit score requirements
Fannie Mae has announced it will be scrapping the minimum credit score requirement of 620 for loans submitted through its Desktop Underwriter engine. The change comes into effect this weekend and follows a similar move by fellow mortgage middleman…
Portable mortgages, disaster relief robots, the future of online shopping: Check out the day's stories
CNN's 5 Things PM brings you the stories you might have missed during your busy day.
What is a mortgage rate float down and is it worth it?
Homebuyers are finally seeing some relief in the final months of 2025. Recent back-to-back Federal Reserve rate cuts have pushed 30-year fixed mortgage interest rates down to the low-6% range, which is a welcome shift from the 7%-plus levels that…
Foreclosures surge 20% as Americans struggle to pay mortgages
READ MORE: America's new housing crisis turns the US into a nation of renters There is a worrying new trend foreshadowing a housing market crash. Foreclosures — when a bank or lender takes back a home after missed mortgage payments —…
Democrat Eric Swalwell faces federal criminal inquiry for alleged mortgage fraud
The Democratic congressman Eric Swalwell is the latest target of Trump's retribution campaign against his critics, the congressman confirmed on Thursday. NBC News reports that Swalwell is facing a federal criminal investigation for alleged mortgage…
Mortgage Mess: Now DOJ Eyes Swalwell in Latest Political Clash
What can we say about a guy like Democrat Representative Eric Swalwell (CA-14) that hasn't already been said? As my grandfather would have said, if good sense were sweet corn, Congressman Swalwell would be a few kernels short on the cob. His career…
:max_bytes(150000):strip_icc()/trump50-rudall30-14989769074d45799e6b74ee1fcf41bc.jpg)
Trump Floats 50-Year Mortgages-But Would You Want One?
President Trump's 50-year mortgage idea aims to make homebuying easier, but the loans would likely carry higher rates and cost more overall. On a median-priced home, a 50-year mortgage could cut payments by about $100, yet it would slow how quickly…
Mortgage rates stayed flat in the waning days of the government shutdown
Mortgage rates were little changed this week amid an ongoing economic data drought before the federal government reopened on Wednesday. The average 30-year fixed-rate mortgage was 6.24% this week through Wednesday, up from 6.22% a week earlier.
Receive a Daily briefing on Mortgage Industry News
Get Started