FHFA reports clean GAO audit for fiscal year 2025

The Federal Housing Finance Agency (FHFA)’s annual Performance and Accountability Report was published on Friday, revealing that the agency received clean audit results for fiscal year 2025 from the Government Accountability Office (GAO). The report disclosed that the GAO did not find any “material
Read MoreTapping a 401(k) for homeownership is risky business, experts say

President Donald Trump has floated proposals to make it easier for Americans to pull from their 401(k) retirement accounts to buy a home — framing the idea as a way to boost homeownership and financial stability. But financial experts say the strategy could undermine long-term financial security, pa
Read MoreAmeriTrust hires Shea Pallante as it preps for correspondent lending launch

AmeriTrust Mortgage Corp. has appointed Shea Pallante as chief revenue officer as the lender pursues a growth strategy that includes expanding into nondelegated correspondent channels and more than doubling its monthly origination volume. A mortgage industry veteran, Pallante joins AmeriTrust from n
Read MoreNew deduction may lower seniors’ Social Security tax burden

The federal tax bill passed in mid-2025 includes a provision marketed as “no tax on Social Security,” but it does not eliminate taxes on benefits. Instead, the One Big Beautiful Bill Act expands deductions for older Americans, potentially reducing federal taxes for many retirees, a finance leader re
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