Key insight: Trump continued to call on Congress to pass credit card legislation. Expert quote: “Whatever happened to usury?” — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.” WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his […]
Trump, again, calls on Congress to cap credit card rates Read More »
Ameriserv Financial saw its profits grow by more than 60% in 2025, despite its mortgage business taking a hit. Processing Content The company reported net income of $5.6 million for the year ended Dec. 31, up 61.9% from the year prior, while mortgage banking revenue decreased by $120,000, or 39.5%, resulting from diminished residential mortgage
Ameriserv posts strong Q4 despite slower mortgage business Read More »
President Trump has issued an executive order aimed at stopping federal agencies from taking any actions to facilitate an institutional player’s acquisition of any single-family house an individual owner-occupant could purchase. Processing Content The follow up to earlier social media posts about the idea includes plans for a legislation recommendation and affects homes involved in
Trump issues order restricting large single-family investors Read More »
After months of choppy trading in treasuries, a good deal of technical damage was done yesterday. The only good takeaway was that the high yields for the day were made in the first 15 minutes, and that really was good since stocks continued to fall until the SPX closed 145 points lower, and gold continued
Treasury yields break key levels as risk assets slide Read More »
US mortgage applications for home purchases climbed last week to the highest since January 2023, suggesting a further easing in financing costs is contributing to a thaw in the housing market. Processing Content The Mortgage Bankers Association’s index of home-purchase applications rose 5.1% in the week ended Jan. 16, data from the group showed Wednesday.
Home-purchase applications climb to highest since 2023 Read More »
If you’ve seen headlines saying foreclosure activity has been climbing for 10 straight months, it’s easy to assume that’s a sign of trouble for the housing market. But when you look at the full picture, a few simple truths become clear: Today’s foreclosure numbers are in line with what’s considered normal High home equity is
Why Rising Foreclosure Headlines Aren’t a Red Flag for Today’s Housing Market Read More »
For today’s mortgage leadership, the most expensive asset on the balance sheet is the borrower’s attention. Yet, in an era defined by an “attention economy,” the industry has spent a decade devaluing that asset through a practice that has become as predictable as it is ineffective: the mass-market email newsletter blast. For years, the industry
Beyond the database: Why 1:1 AI is the new benchmark for authority and market share Read More »
Fair housing is often discussed in broad terms but is perhaps not always clearly defined. At its core, Fair Housing (capital F and H) refers to an interwoven framework of federal, state, and local policies rooted in the Fair Housing Act that prohibits discrimination in housing based on race, color, national origin, religion, gender, familial
West Palm Beach, Fla.-based Mesocore Modular Homes is introducing an expandable modular housing model aimed at improving affordability and disaster relief, an important issue in a state prone to devastating hurricanes. Positioned as an affordable housing solution for both homebuyers and city leaders, planners, emergency management professionals, and resilience experts focused on addressing climate-driven risks,
Florida-based modular builder launches expandable housing model Read More »
Older Americans are leaving money on the table when they sell their homes, with losses widening sharply after age 70, according to new research from the Center for Retirement Research at Boston College. Using a newly built national dataset, researchers found that sellers in their 70s and beyond consistently earn lower returns than younger homeowners.
Senior home sellers take a hit on profits Read More »