‘Six-figure limit’ aims to halt Social Security trust fund insolvency
A proposed “six-figure limit” would cap benefits at $100,000 per year for couples retiring at the normal retirement age.
Mortgage
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Former Fannie Mae CEO Hugh Frater joins Better board
Frater, whose role was effective March 23, brings experience spanning mortgage-backed securities and commercial real estate lending.
California MBA urges guardrails for bill targeting wildfire-related forbearance
CMBA told lawmakers that AB 238 aids short-term relief, but insurance delays and permitting backlogs are stalling wildfire recovery.
HUD launches probe into Washington state down payment assistance program
Washington State’s Covenant Homeownership Program is under investigation by HUD over potential violations of the Fair Housing Act.
Trump’s AI policy framework calls for single federal standard
Trump’s AI framework lists six priorities and urges one national standard, as mortgage tech leaders cite delays from state-by-state rules.
Stockton Mortgage denies accessing former employees’ email accounts
Two ex-loan officers allege Stockton accessed personal email in 2025, but Stockton says DLP tools flagged misconduct and data was redacted.
Rocket offers voluntary employee buyouts after Mr. Cooper, Redfin acquisitions
Rocket Companies is offering voluntary separation packages to some employees as part of its consolidation following last year’s acquisitions of Mr. Cooper Group and Redfin.
How policy uncertainty is reshaping senior retirement plans
More than half of respondents said a 20-percent cut to Social Security benefits would require “significant sacrifices or a tighter budget.”
Optimal Blue’s Mike Vough on borrowers staying rate anchored into 2026
Optimal Blue’s Mike Vough says borrowers remain anchored to low mortgage rates as February’s refi share slipped to 41% and ARMs rose to 10%.
Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash
President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates.