Finance of America has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates.
Top banks in the mortgage space have relied on a similar playbook for years, but they say they could become more aggressive if upcoming changes to capital rules provide more flexibility.
The executive orders arrive a few weeks after Trump’s State of the Union address to Congress in which the president offered limited details about his housing affordability proposals.
A federal judge on Friday blocked subpoenas that the U.S. Department of Justice (DOJ) served the Federal Reserve in a case involving Jerome Powell’s Congressional testimony on the central bank’s headquarters renovation.