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Vice President JD Vance says 870,000 borrowers have been flagged as having a high likelihood of committing fraud and are barred from applying for future federal loans. He tells CBS News’ @NicoleSganga that borrowers can challenge the designation if they believe they were wrongly flagged. “We're sending out letters in order to notify people that they're suspected of fraud. We encourage people to respond to those letters because obviously we don't want to make mistakes,” Vance said. “We don't want
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The average rate on a 30-year mortgage is back above 7% for the first time in twenty months. It’s rough news for the housing market and homebuyers already struggling with rising prices elsewhere. It comes as Treasury yields, which impact borrowing costs across the economy, hit multi-decade highs. Amna Nawaz discussed more with David Wessell of the Hutchins Center on Fiscal and Monetary Policy. #pbsnews #pbsnewshour #mortgage #housing #pbs
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