Why Mortgage Lenders Aren't Embracing This DEI Rollback From Trump
It's an industrywide issue that has historically penalized minority groups, and now President Donald Trump has offered lenders the chance to ignore his predecessor's attempts to make it easier for homeowners to question the valuations assigned by property appraisers. Trump has scrapped some of the guidelines, part of his team's vow to stamp out what it sees as initiatives that support diversity, equity and inclusion.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
26 minutes ago
- Yahoo
Dave Ramsey Tells 22-Year-Old With $43K In Stocks Worried About Retirement to Slow Down — 'You're Early in the Process, Focus on Moving Out First'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. At 22, Nick called "The Ramsey Show" looking to get a head start on retirement. No 401(k), no massive income, but one big question: should he open a Roth IRA or go traditional? Turns out, Dave Ramsey had a different priority in mind. "You're a little bit early in your process. Not in your age — but in your process," Ramsey told him. "You're in the middle of transitional things that need to happen before you start investing." Nick lives with his parents in New York City and makes about $15,000 a year through a work-study program. He has $3,000 in savings, but thanks to a settlement from getting hit by a truck as a teen, he also has $43,000 invested — mostly in single stocks on E*Trade. Don't Miss: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. Ramsey didn't love that. "I don't do single stocks... I know a lot about them. I buy investments, I've got hundreds of millions of dollars of investments. But I don't buy single stocks because I don't like the risk associated with that," he said. "The game you're playing, there's a lot of risk." If Nick insists on holding stocks, Ramsey said to keep it to no more than 10% of his net worth, or about $2,000 in his case. The rest? Move it into mutual funds. Ramsey added that retirement saving isn't even Nick's next move. "You do not need to start your Roth IRAs yet. You need to pile up money to make the transition out of your household... get your career going. Then you need to start." Ramsey stressed that once Nick is out on his own and making real income, he can start investing 15% of it — ideally in a Roth IRA with growth stock mutual funds. "Get your own place, Nick," he said. "I don't want you 28 years old in your mother's basement, dude." The call flipped the usual narrative. Most young adults rush to leave home and buy more car than they can afford. Nick's playing the long game, but Ramsey reminded him: financial strategy should match life stage. If you're not quite sure which investment vehicles suit your own income or timeline — and you can't call up Ramsey for answers — that's where a professional financial advisor can help. Instead of taking advice from strangers online, you can match with a vetted financial advisor using SmartAsset's free tool. It connects you with local advisors who can walk you through the options based on your actual goals and risk tolerance. While Nick might've been told to pause his retirement investing, he's still ahead of where many people start. Having $43,000 in your early twenties — even in single stocks — isn't nothing. Yet in today's online world, someone will always tell you it's not enough. Ramsey's message wasn't that Nick was failing — it was that the timing just isn't right yet. For a lot of people, knowing what step comes next is half the battle. Retirement planning is smart. But it's even smarter when it starts at the right time, with the right help. See Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. It's no wonder Jeff Bezos holds over $250 million in art — this beloved alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. This article Dave Ramsey Tells 22-Year-Old With $43K In Stocks Worried About Retirement to Slow Down — 'You're Early in the Process, Focus on Moving Out First' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26 minutes ago
- Yahoo
Trump Builds $274 Million War Chest Ahead of Midterms
(Bloomberg) -- Billionaires Elon Musk and Jeff Yass along with crypto industry donors helped President Donald Trump raise $236 million for his political operation in the first six months of 2025 — an unprecedented sum for a second-term president. We Should All Be Biking Along the Beach Seeking Relief From Heat and Smog, Cities Follow the Wind Chicago Curbs Hiring, Travel to Tackle $1 Billion Budget Hole NYC Mayor Adams Gives Bally's Bronx Casino Plan a Second Chance The latest filings to the Federal Election Commission show that the fundraising haul, which includes donations to three leadership political action committees, joint fundraising committees and an allied super PAC, leaves Trump with $274 million cash on hand. It's a massive war chest he can deploy on behalf of Republican House and Senate candidates in the midterm elections, when the incumbent president's party generally loses seats, and it highlights the continued grip Trump retains on the GOP. Trump's super PAC, MAGA Inc., provided the biggest draw for campaign cash, taking in $177 million. The president has held four $1 million-per-plate dinners for MAGA Inc. donors as well as a $1.5 million-per-plate event for entrepreneurs and investors in cryptocurrency and artificial intelligence, two emerging technologies that have been a focus for his administration. While the FEC disclosures don't indicate whether a donor attended an event or simply wrote a check, they do reveal support from executives in tech, finance and energy for Trump. Yass, the co-founder of trading firm Susquehanna International Group and a major shareholder in TikTok parent ByteDance Ltd, gave $16 million. Pipeline billionaire Kelcy Warren and his company, Energy Transfer LP combined to give $25 million. Crypto industry donors poured money in as well. Foris DAX Inc., parent of exchange gave $10 million, while Inc. gave $5 million. Venture capitalists Marc Andreessen and Ben Horowitz each gave $3 million, while billionaire twins Tyler Winklevoss and Cameron Winklevoss combined to give just over $2 million. MAGA Inc. got a $5 million donation from Musk, a close Trump ally who fell out with the president after leaving his role overseeing the Department of Government Efficiency in late May. Musk has criticized Trump and Republicans over their signature tax and spending bill. Musk's donation hit on June 27, the same day he gave $5 million checks to two super PACs that back Republican candidates in the House and Senate. Musk in July vowed to create a third party. Earlier: Musk Gave His Super PAC $45.3 Million in First Half of 2025 While the money doesn't guarantee that Republicans will hold onto their narrow margins in the House and Senate, it gives them a major financial advantage over Democrats, who don't have a single leader to rally around or to spearhead fundrasing. The Democratic National Committee has raised $69 million, while Future Forward, the party's main super PAC, recevied donations of about $1 million. Big-Dollar Donors While big donors continued to power Trump's fundraising — about 70% of his haul came from contributors who gave $1 million or more — his small-dollar donor support, the backbone of his political operation, slowed. He raised $22 million from contributors donating less than $200, with most of that raised by Trump National JFC, which splits donations between the Never Surrender PAC, formerly his presidential campaign committee, and the Republican National Committee. Never Surrender and his other leadership PACs — Save America, which he's used to pay legal bills, and Make America Great Again PAC — ended June with $41 million cash on hand. The three committees combined to spend $26.5 million, with $6 million of that amount going to legal fees. Trump is still trying to overturn his 2024 conviction on 34 felony counts for falsifying business records to cover up hush-money payments to adult-film actress Stormy Daniels. He's also fighting a judgment of civil fraud and a fine that now tops $500 million from a suit over his real estate valuations, as well as an $83.3 million award to writer E. Jean Carroll for defamation. (Removes characterization of unpublished DNC report on 2024 election in ninth paragraph.) How Podcast-Obsessed Tech Investors Made a New Media Industry Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Russia Builds a New Web Around Kremlin's Handpicked Super App What's Really Behind Those Rosy GDP Numbers? Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P.
Yahoo
26 minutes ago
- Yahoo
Canada holds out hope of trade deal as US talks tough on tariffs
Canada said it was hopeful it can still strike a deal with the US to bring down its tariff rate even as the Trump administration denied Sign in to access your portfolio
