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News Powered By AI

Buying a condo with a mortgage may soon get more complicated. Here’s why

by News Feed Editor | Aug 1, 2026 | Financial

Fannie Mae and Freddie Mac are implementing stricter condo lending policies on Aug. 3, requiring more comprehensive reviews of building finances and conditions, potentially complicating mortgage approvals for condo purchases.

The scary rise of locksmith scams: ‘I was shut out with my baby – and charged £2,200 to get back in’

by News Feed Editor | Aug 1, 2026 | Financial

The UK faces a surge in locksmith scams, with reported cases rising 147% in early 2026. Consumers are being lured by low advertised prices before locksmiths charge thousands of pounds for emergency services.

Heating oil customers to get up to £350 compensation for cancelled orders

by News Feed Editor | Aug 1, 2026 | Financial

UK competition watchdog orders heating oil suppliers to compensate approximately 1,700 customers whose deliveries were cancelled during Middle East conflict-driven price surge, with payments reaching £350 per household.

Public Service Loan Forgiveness has new rules — 3 changes borrowers should know about

by News Feed Editor | Aug 1, 2026 | Financial

New rules under the One Big Beautiful Bill Act change Public Service Loan Forgiveness eligibility, including a new repayment plan that doesn’t qualify for PSLF and restrictions on parent borrowers.

IRS tax liens can be a ‘kiss of death,’ consumer advocate says — and they’re on the rise

by News Feed Editor | Aug 1, 2026 | Financial

Federal tax lien filings by the IRS rose 9% in the 2025 fiscal year to over 214,000, raising concerns among advocates that the liens harm borrowers’ access to credit and employment prospects.

No deposit, no problem: the new 100% mortgages for first-time buyers

by News Feed Editor | Aug 1, 2026 | Financial

Major UK lenders including Metro Bank and Lloyds are rolling out mortgages requiring minimal or no deposits, reopening a market largely closed since the 2008 financial crisis and offering first-time buyers new pathways to homeownership.

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RocketNews is a news aggregator covering top stories from around the globe across 17 categories. Stories are gathered from leading news organizations — including the BBC, The Guardian, the Associated Press, NPR, Al Jazeera, and respected industry publications — along with government sources and official releases. Each story is presented without advertising as an original summary produced with Claude AI, with attribution and a link to the original reporting at the source. RocketNews also publishes featured articles from contributing writers. Story selection and summaries are automated.

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