Trump’s affordability crisis is about to hit a new level - POLITICO

The rise in debt yields threatens to stoke Americans‘ anger by pushing up rates even more on mortgages and consumer loans.

https://www.politico.com/news/2026/09/02/bessent-g20-trump-economy-bond-selloff-01060964 

 

Mortgage rates hit a one-year high : NPR

The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac…

 https://www.npr.org/2026/07/30/nx-s1-5913851/mortgage-rates-one-year-high-july-2026

 

Trump’s VA killed a home loan program. Vets are now losing their homes : NPR

More than 10,000 veterans lost their homes to foreclosure since May of last year, when the Trump administration shut down a key safety net in the VA home loan program, according to the latest industry data. That is the highest pace of foreclosures for VA loans in a decade. 

 Another 90,000 vets are heading toward foreclosure. This comes after a years-long debacle inside the Department of Veterans Affairs has whiplashed thousands of vets between various enacted and canceled programs and left many of them on the brink of losing their homes — often through no fault of their own…

https://www.npr.org/2026/04/02/nx-s1-5750814/veterans-mortgages-foreclosure-va-rescue

 

Thousands of veterans face foreclosure after Trump's VA ends key mortgage program : NPR

The VA Servicing Purchase program has helped about 20,000 veterans avoid foreclosure. But Republicans in Congress have been critical of the program, saying it puts too much taxpayer money at risk...

https://www.npr.org/2025/05/01/nx-s1-5382448/va-veterans-affairs-mortgages-foreclosure-vasp 

 

Subprime mortgages make a comeback—with a new name and soaring demand - CNBC

Subprime mortgages disappeared following the financial crisis, but now they are coming back, with huge demand from both borrowers and investors. ...
https://www.cnbc.com/2018/04/12/sub-prime-mortgages-morph-into-non-prime-loans-and-demand-soars.html

Senate banking bill rewards Equifax despite privacy breaches - POLITICO

Newly released provisions would allow the company and its industry peers to enter the mortgage market while shielding them from consumer lawsuits. ....
https://www.politico.com/story/2018/03/12/equifax-data-breach-banking-profits-405457

Elizabeth Warren Breaks Down the Biggest Trump Scandal You Haven't Heard About | Alternet

Warren sounds off on the president's plan to gut the Consumer Financial Protection Bureau....
http://www.alternet.org/economy/elizabeth-warren-breaks-down-biggest-trump-scandal-you-havent-heard-about

Government Makes It Harder For Wall Street To Screw Over Underwater Homeowners

On Thursday, the Department of Housing and Urban Development (HUD) announced changes to a program for deeply underwater mortgages after criticism that it’s been helping Wall Street rather than distressed homeowners. The agency is billing the move as the “most significant improvements to date” for the program.

The Federal Housing Authority (FHA) has been running the Distressed Asset Stabilization Program (DASP) for four years, auctioning off the underwater mortgages that the government took on in the midst of the housing crisis. The program’s rules are supposed to ensure that underwater homeowners get a chance to stay in their homes and that communities are protected from foreclosures and vacancies that can drive down surrounding housing prices. The FHA has sold about 100,000 loans through the program and turned a profit on mortgages that had been keeping the agency in the red.

But the success for homeowners and communities has been less straightforward....
http://thinkprogress.org/economy/2016/06/30/3794542/hud-dasp-changes/