Orlando and the Central Florida area have launched a local version of Freddie Mac's "Don't Borrow Trouble" campaign to help families avoid falling prey to unscrupulous lending practices.The campaign uses advertising and consumer education to alert the public about predatory lending, Freddie Mac said. Local residents can now call a referral network of local agencies and nonprofit organizations. The hotline, 407-654-8076, will refer callers for appropriate counseling on legal or housing questions. The campaign also includes the Department of Housing and Urban Development, the Mortgage & Credit Center, and a coalition of housing and consumer groups. Freddie Mac began launching local "Don't Borrow Trouble" efforts in 2000, and the award-winning program is now targeted to 20 cities around the country, including Washington, Chicago, and Los Angeles. The campaign was pioneered in Boston by Mayor Thomas M. Menino and the Massachusetts Community & Banking Council.
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The Rithm subsidiary plans to reduce its involvement in decentralized operations through an agreement with the American Pacific Mortgage affiliate.
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A week after falling to its lowest point since mid-May, the 30-year fixed rate mortgage turned higher as the 10-year Treasury rose 15 basis points since June.
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Realtor.com's latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation.
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A new class action lawsuit accuses the banking giant of failing to lower borrowers' interest rates following a series of Federal Reserve rate cuts.
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The fintech's Figure Connect private credit loan exchange has grown to account for 56% of total consumer marketplace activity in early 2026.
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However, for the second quarter, increased home purchase mortgage activity contributed to an industry-wide 11% increase in agency securitizations, BTIG said.
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