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Bitcoin, Ethereum Could Soon Help You Get A Mortgage — Cathie Wood's Ark Invest Sees $12 Trillion Opportunity After FHFA Move
Tuesday, July 1, 2025 - 7:14am | 768Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market. What Happened: According to Nick Grous, an associate portfolio manager at Ark Invest, the recent...
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Fannie And Freddie Directed To Consider Crypto Mortgages By US Housing Regulator, But Michael Saylor Thinks It's Only Bitcoin That Has 'Entered The American Dream'
Thursday, June 26, 2025 - 2:32am | 870In a landmark decision, Federal Housing Finance Agency Director William Pulte announced plans to consider cryptocurrency as a mortgage asset on Wednesday, aligning with President Donald Trump’s vision of making the U.S. a global crypto hub. What Happened: Pulte took to X, directing federally...
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Michael Saylor Offers BTC Credit Model As Bill Pulte Pushes Crypto For Fannie Mae, Freddie Mac: Could Bitcoin Soon Count Toward Mortgage Qualification?
Wednesday, June 25, 2025 - 4:09am | 755The U.S. housing finance landscape may be on the brink of a huge shift as Federal Housing Finance Agency (FHFA) Director Bill Pulte, appointed in March 2025 under President Donald Trump, announced plans to study cryptocurrency holdings, including Bitcoin (CRYPTO: BTC), for mortgage qualifications....
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Fannie Mae, Freddie Mac In Upheaval As Trump Administration Considers Privatizing Mortgage Giants
Friday, March 21, 2025 - 9:59am | 497President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave. The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...
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Trump Taps Private Equity Investor Bill Pulte To Lead Federal Housing Finance Agency
Thursday, January 16, 2025 - 5:00pm | 539President-elect Donald Trump announced plans Thursday to nominate private equity CEO Bill Pulte as director of the Federal Housing Finance Agency (FHFA). What To Know: If Trump’s selection is confirmed, Pulte will become the top housing regulator, overseeing mortgage giants Fannie Mae (OTCQB...
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Plan To Save Homeowners Thousands On Closing Costs Quietly Derailed By Obscure Industry, Legislative Opposition
Thursday, November 23, 2023 - 2:04am | 617In a recent move, a proposal under the Biden administration aimed at reducing closing costs for certain homeowners has been halted. The proposed plan could have resulted in savings of thousands of dollars for homeowners, but opposition from the industry and lawmakers has led to its discontinuation...
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'Rich Dad, Poor Dad' Author Says Biden Punishes People With Good Credit: 'Makes All Of Us Poorer'
Monday, May 1, 2023 - 12:51am | 509‘Rich Dad, Poor Dad' author Robert Kiyosaki has criticized President Joe Biden, apparently on his mortgage plan that permits consumers with lower credit ratings to get better mortgage rates. What Happened: "Biden rewards people with poor credit & punishes people with good credit," Kiyosaki...
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US Government To Support Mortgages Over $1 Million For First Time As Home Prices Ebb At Record Highs
Wednesday, November 30, 2022 - 3:23pm | 670The baseline conforming loan ceiling for mortgages sponsored by Fannie Mae and Freddie Mac in 2023 will be $726,200, up 12.21%, or $79,000, from 2022, according to a report issued Tuesday by the Federal Housing Finance Agency (FHFA).What Happened: The federal government will support mortgage loans...
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Toll Brother's Solid Q3 Results Puts Homebuilders On Strong Foundation
Tuesday, August 21, 2018 - 11:37am | 637Shares of homebuilders are on a roll after luxury homebuilder Toll Brothers Inc (NYSE: TOL) reported forecast-beating third-quarter earnings, revenues and home deliveries. At the time of writing: Toll Brothers was rallying 11.92 percent to $38.86. Beazer Homes USA, Inc. (NYSE: BZH) was seen...
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Bipartisan Group Of Senators Working On Fannie And Freddie Behind The Scenes
Friday, May 12, 2017 - 10:30am | 469On Thursday, director of the Federal Housing Finance Agency Mel Watt reportedly testified in front of the Senate Banking Committee calling for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Association (OTC: FMCC) to begin retaining their earnings rather than...
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Freddie Mac Is Selling $410 Million In Delinquent Loans
Thursday, January 29, 2015 - 3:43pm | 417Government-backed mortgage giant Freddie Mac (OTC: FMCC) recently announced that it will be selling $410 million of deeply delinquent mortgage loans in a continued effort to clean up its balance sheet. The Federal Housing Finance Agency (FHFA) is pressing Freddie Mac and cousin Fannie Mae (OTC...
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Home Prices Rose In October, November Sales Declined
Tuesday, December 23, 2014 - 1:08pm | 174The Federal Housing Finance Agency (FHFA) reported Tuesday that U.S. house prices rose in October, up 0.6 percent on a seasonally adjusted basis from the previous month, according to the FHFA monthly House Price Index (HPI). The previously reported house price change of 0.0 percent in September...
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What First Horizon's FHFA Settlement Means For RBS and Goldman
Wednesday, April 30, 2014 - 8:19pm | 934The Federal Housing Finance Agency (FHFA) has settled the smallest securities fraud suit that remained of the 18 it had filed back in 2011, regarding mortgage-backed securities sold to Fannie Mae and Freddie Mac. First Horizon National (NYSE: FHN) on Tuesday agreed to pay $110 million, which is...
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Data Reveals Stunning Housing Sales Decor, Concern over Mortgage Applications Structural Damage
Tuesday, December 24, 2013 - 2:12pm | 759Over the past week, housing data flooded news terminals. The Federal Housing Finance Agency reported positive housing appreciation in October. The Commerce Department's data on the purchased of new homes exceeded projections in November to a five-year high. Despite the rise in mortgage...
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JPMorgan Chase Said to Agree to $13 Billion Settlement with Justice Department
Tuesday, November 19, 2013 - 10:05am | 577According to The New York Times, the U.S. Justice Department planned to announce as early as Tuesday, a $13 billion settlement with JPMorgan Chase (NYSE: JPM). Sources told the newspaper Monday that the deal, related to the Wall Street bank’s mortgage practices prior to the 2008 financial...