May 31, 2025

housing

Mortgage

Trump Giving ‘Very Serious Consideration’ to Major Mortgage Companies Move

President Donald Trump said on Wednesday that he is giving “very serious consideration” to taking mortgage giants Fannie Mae and Freddie Mac public, more than 15 years after they were taken under government control to stabilize the U.S. economy in the wake of the 2008 housing market collapse. “I am giving very serious consideration to

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Loans

Californians are late paying 18% of their student loans – Orange County Register

Despite the financial stress of Golden State life, Californians are relatively good at paying bills compared with the rest of the nation. Take student loans. In the first quarter of 2025, 18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it’s the 10th lowest delinquency

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Loans

California bill calls for program to insure multifamily development loans

With California short of nearly half a million affordable homes and a slew of projects stalled amid adverse market conditions, Sen. Dave Cortese has proposed a bill that would allow the state to use its credit to insure construction and permanent loans for multifamily housing, giving developers access to more favorable interest terms and letting

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Mortgage

Weekly mortgage rates edge higher in the heart of homebuying season

Mortgage rates climbed for the second week in a row, denting home affordability in the middle of homebuying season. The average rate on the 30-year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of

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Funds

‘Where’s the money?’ Applicants wait for funds from Maui County program to help build ‘ohana housing : Maui Now

On Friday afternoon, Charme Moreau Taksony and her dad Claude Moreau stand outside the 464-square-foot ‘ohana unit that the family built for Taksony in Skill Village. HJI / COLLEEN UECHI photo PĀʻIA — Claude Moreau affectionately calls his kids “boomerangers,” because they keep coming back to live with him. His son’s family of four moved

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Funds

Bay Area governments join lawsuit against Trump’s homeless fund conditions

Santa Clara County and San Francisco, along with seven other local governments, are asking a federal judge to block the U.S. Department of Housing and Urban Development from placing “unlawful” conditions on federal funds — stipulations that could put millions of dollars to address homelessness at risk. The lawsuit, which is being led by King

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Mortgage

Mortgage rates dipped. Is it enough help the housing market?

How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate

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Mortgage

Mortgage demand drops as would-be homebuyers wary of US economy

Homebuyers continued to retreat last week despite relatively stable mortgage rates as broader concerns about the economy and labor market weighed on demand. Mortgage applications to purchase a home fell 4% from the previous week, according to the Mortgage Bankers Association — marking the slowest pace of activity since February. The seasonally adjusted index showed

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Finance

How to finance blacklisted Fannie Mae condos – Orange County Register

Fannie Mae tightened the screws on every condo association in America after the 2021 Chaplain Towers collapse in Surfside, Florida, where 98 lives were tragically lost. Financial and operational standards must be met, or the association is blacklisted. That’s budgeting, financial reserves, acceptable property maintenance and the like. In industry parlance, these blacklisted associations are

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Mortgage

Mortgage applications spiked in March, but what does that really say about housing?

​Mortgage applications at Bank of America jumped 80% between January and March. Some of that is seasonality with the spring home-buying season kicking off, but not all. Typically the bank sees about a 60% increase in applications this time of year. In January, mortgage rates were hovering around 7%. By March, they’d come down closer to 6.5%.

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