The median age of a homebuyer right now is 59, and even for a first-time homebuyer, it’s 40. Nobody really wants to be in debt until they die.
mortgages
Posted inVideos
The Prospect Weekly Roundup: Alleging Mortgage Fraud While Generating Mortgage Fraud
On our live show, David and writing fellow James Baratta discuss the bid to allow crypto as part of the mortgage underwriting process, and more.
Posted inEconomic Policy
Injecting Crypto Into the Mortgage Market
Trump’s top housing regulator wants to allow crypto to be used as collateral for mortgages.
Posted inMoney, Politics, and Power
Privatizing Speculative Gain, Socializing Risk
Trump’s grand design for Fannie Mae ignorantly repeats a sordid history.
Posted inLaw and Justice
Hatchet Job on CFPB Even Worse in the Details
Declarations in a case reveal a haphazard hobbling of the consumer protection agency.
Posted inLaw and Justice
Federal Judge Halts CFPB Purge Again
DOGE was apparently part of the effort to hobble the agency, along with Clarence Thomas pal Mark Paoletta. For the moment, the firing of 1,483 workers is on hold.
Posted inLaw and Justice
CFPB Slashed to the Bone, Threatening Financial Markets
The agency fired 1,500 workers on Thursday, which violates a court order and threatens a meltdown of mortgage markets and more.
Posted inHealth and Social Policy
Mad King Trump’s War on the Troops
The administration is vindictively hacking away at veterans’ benefits.
Posted inMoney, Politics, and Power
How Corporate Pardons Create Monopolies
Rocket wants to became the only mortgage company in America. The CFPB found its tactics to be illegal—until Donald Trump let the company off the hook.
Posted inHousing
The Last Abundance Agenda
In the 1980s, Wall Street vowed to make housing more affordable through deregulation of housing finance. The result was the 2008 crisis.