Mortgage pros warn credit card rate cap could backfire on homebuyers
In the mortgage industry, the initial reaction to President Donald Trump’s proposal to cap credit card interest rates at 10% has been concern that the policy could ultimately backfire on would-be homebuyers. The cap might seem beneficial on paper, but the long-term consequences, including reduced cr
Newfi Lending expands DSCR program to accept crypto reserves
Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirement
Providence mulls 4% rent cap as national rent control debate boils
The rent stabilization bug has hit Providence, RI. Municipal officials there are jumping on the bandwagon with other cities and states whose local officials have adopted or are weighing the policy as a housing affordability strategy. Providence City Council President Rachel Miller, alongside council
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