A Trump administration move could limit the availability of credit for home loans
The Consumer Financial Protection Bureau took a preliminary step Thursday toward revamping a postcrisis regulation that has transformed the mortgage market by allowing more deeply indebted borrowers to obtain home financing.
Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Photo: Heather Seidel/The Wall Street Journal
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortgage demand falls again, despite lower interest ratesAfter rising the previous week, interest rates fell back again last week, but consumers were not enthused.
Read more »
Why the New Budget Deal Raises Concerns About National DebtPresident Trump and Congress have reached a spending deal that avoids a crisis on the debt ceiling but adds significantly to the federal budget deficit. WSJ's Gerald F. Seib explains why the new agreement may focus attention on runaway government spending. Photo: AP
Read more »
How Elizabeth Warren would cancel student loan debt“Student loan debt in this nation has reached crisis proportions,” Warren said.
Read more »
Elizabeth Warren Wants To Forgive Your Student Loan Debt -- Here Are 5 QuestionsElizabeth Warren has a bold vision for student loan forgiveness and universal free college.
Read more »
School district refuses CEO's offer to settle lunch debt after threatening parentsA school district that threatened to have children placed in foster care over their parents' unpaid lunch tabs has rejected a businessman's offer to cover the cost.
Read more »
Freedom Caucus opposes budget deal, citing 'unsustainable' debtFreedom Caucus opposes budget deal negotiated by the Trump administration and congressional leaders citing 'unsustainable' debt
Read more »