Mortgage pros warn credit card rate cap could backfire on homebuyers

In the mortgage industry, the initial reaction to President Donald Trump’s proposal to cap credit card interest rates at 10% has been concern that the policy could ultimately backfire on would-be homebuyers. The cap might seem beneficial on paper, but the long-term consequences, including reduced cr

Providence mulls 4% rent cap as national rent control debate boils

The rent stabilization bug has hit Providence, RI. Municipal officials there are jumping on the bandwagon with other cities and states whose local officials have adopted or are weighing the policy as a housing affordability strategy. Providence City Council President Rachel Miller, alongside council

Newfi Lending expands DSCR program to accept crypto reserves

Newfi Lending, a national mortgage lender focused on non-QM originations, announced Tuesday that it’s expanding its debt-service-coverage ratio (DSCR) loan program to allow larger loan amounts, financing for rural properties and the use of qualifying cryptocurrency assets to meet reserve requirement

Chris Heller joins PLACE as chief revenue officer

Chris Heller has joined PLACE as its chief revenue officer, a newly created role. The company said Heller will oversee revenue strategy across its technology and services portfolio — including pricing, customer acquisition, retention and cross-platform integration. His responsibilities will also inc