In a bold move, a Pennsylvania lender, Newrez, is set to accept cryptocurrency as part of mortgage applications starting next month. This shift aligns with a broader trend, as the US Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac last year to explore crypto's role in home
In October, the U. S. housing market saw a significant shift with more sellers than buyers. This gap, the largest since 2013, means buyers have more choices and can negotiate better deals. However, this situation isn't uniform across the country. The number of buyers dropped by 1. 7%, reaching a lo
The U. S. is making a bold move in the world of home loans. Fannie Mae and Freddie Mac, two big names in the mortgage game, will now consider cryptocurrencies as assets when they check if someone can afford a home loan. This is a pretty big deal because it shows that digital money is becoming more a
The mortgage industry is buzzing with news of a major merger. Rocket, a leading mortgage company, is set to acquire Mr. Cooper, a significant competitor, in a deal worth $9. 4 billion. This move comes hot on the heels of Rocket's recent acquisition of Redfin, a real estate listing company. The merg
In 2024, American home sales hit a new low, falling to numbers not seen since 1995. The reason? Sky-high home prices and high mortgage rates are making it tough for people to buy homes. Previously owned homes, which make up most of the market, saw a total of only 4. 06 million sales last year. That'
In the wake of the September 10 presidential debate, the spotlight shone on Vice President Kamala Harris's housing plan, touted as a solution to make homeownership and renting more affordable for working Americans. However, a closer look reveals a plan that would only exacerbate the housing crisis,
