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The Trump administration is opening the door for cryptocurrency to play a role in the mortgage market. On June 25, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to begin developing systems that allow borrowers to count crypto holdings when applying for a mortgage. If regulated U.S. platforms hold the assets, … Read more
Jordon Hudson, the 24-year-old girlfriend of Bill Belichick, 73, paid off millions of dollars on three of her homes, which were bought after meeting the NFL coach. According to documents viewed by Us Weekly on Friday, May 23, Hudson paid off the remaining balance of the mortgages for the properties, all located in Massachusetts. In … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK homeowners became much less indebted over the past decade as more of them paid off their mortgages and fewer first time buyers were able to take out new loans. The collective loan-to-value of the … Read more
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money … Read more
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