January 2026

Mamdani notches a loss in opening gambit to take on NYC landlords

New York City Mayor Zohran Mamdani suffered defeat in his first skirmish with multifamily property owners as part of a strategic war to remake the city’s rent-stabilized housing.​ On Friday, Summit Properties USA became the winning bidder for more than 5,000 rent-regulated units owned by bankrupt Pinnacle Development Group. The sale went through despite Mamdani’s […]

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Shake it off! NAR looks to dismiss Taylor Swift copyright claim

The National Association of Realtors (NAR) is hoping to shake off a copyright lawsuit involving photos of an estate belonging to Travis Kelce, Taylor Swift’s fiancé. The trade association filed a motion to dismiss the copyright lawsuit on Friday.  Originally filed in U.S. District Court in Missouri in October by photographer Brynn Burns, the lawsuit

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Meet MVRK Real Estate, the latest brokerage launched by a mortgage executive

Florida’s real estate brokerage scene has a new face. Earlier this month, John Motowidlak, the founder and CEO of national mortgage firm Mpire Financial, announced the launch of a new brokerage firm MVRK Real Estate. Headquartered in Orlando, Fla., as of Monday, Motowidlak said the firm had 10 agents, which is the equivalent of roughly

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CFPB, DOJ withdraw Biden-era opinion on immigrants and credit

CFPB, DOJ withdraw Biden-era opinion on immigrants and credit

Bloomberg News Processing Content Key Insight: The CFPB and DOJ said they withdrew the 2023 guidance to correct the misimpression that ECOA imposed limits on considering immigration or citizenship status in a credit application.  What’s at Stake: The move is part of the Trump administration’s effort to restore alignment with established federal civil rights law

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Markets, lawmakers scramble amid DOJ inquiry into Fed

Markets, lawmakers scramble amid DOJ inquiry into Fed

Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a

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The Credit Score Myth That’s Holding Would-Be Buyers Back

The Credit Score Myth That’s Holding Would-Be Buyers Back

Would-be homebuyers aren’t sitting on the sidelines because they don’t want to buy. They’re sitting out because they think they can’t. And sometimes, it’s their credit score that’s holding them back. According to a Bankrate survey, 2 out of every 5 (42%) Americans believe you need excellent credit to qualify for a mortgage. That may

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Powell says DOJ served Fed subpoenas, threatened indictment

Key insight: Federal Reserve Chair Jerome Powell said the central bank had been served subpoenas by the Department of Justice. Expert quote: “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure

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Trump weighs retirement, education funds for home buying

Trump weighs retirement, education funds for home buying

Tasos Katopodis/Photographer: Tasos Katopodis/Ge The Trump administration has more housing initiatives under consideration beyond recently-announced mortgage bond purchases and these reportedly may include an executive order aimed at expanding use of retirement and education savings accounts for home purchases. Processing Content “Stay tuned for the president’s speech in two weeks at Davos, I think you’ll

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Card debt hits record amount as providers charge high rates

The average credit card user carries a balance of nearly $6,000, as Americans hold more debt than ever, a new industry report found. Processing Content Americans bear a record $1.21 trillion in credit card debt, as the median interest rate hit 25.3%, according to Academy Bank’s latest white paper. The trend could affect home loan

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