Housing industry 'will not be spared' by climate change: MBA
Extreme weather could strain flood insurance to breaking point, undermine home prices, and drive mortgage defaults, according to the Mortgage Bankers Association
by Matt Carter Sep 27
Facade Flags Justice Department Building Washington DC
Opinion
The messy set of industry practices at the crux of this fight are long overdue for major reform — now is the time to make it happen
by Brad Inman Sep 22
Landmark study confirms troubling 'appraisal gap' in minority enclaves
Mortgage giant Freddie Mac's analysis of 12 million appraisals comes as federal task force prepares action report to address appraisal bias
by Matt Carter Sep 21
California severely curtails single-family zoning with new law
California Gov. Gavin Newsom signed Senate Bill 9 into law Thursday, legislation that allows up to 4 residential units to be developed on single-family lots throughout the state
by Lillian Dickerson Sep 17
A Florida landlord is requiring vaccines for tenants. Is that legal?
The landlord operates approximately 1,200 rental units but will require vaccines for anyone wanting to move in or renew a lease. The situation could serve as a test case
by Jim Dalrymple II Sep 16
NAR vs. DOJ: A timeline of the battle as it stretches into 4th year
An analysis of the association's petition offers a step-by-step timeline of the events leading up to the DOJ's launch of a new investigation of NAR rules
by Andrea V. Brambila Sep 16
Regulators loosen reins on Fannie and Freddie
Biden administration suspends limits on mortgages secured by second homes and investment properties
by Matt Carter Sep 15
DOJ quietly resumed NAR probe days after settlement withdrawal
In a 418-page petition filed Monday, NAR contends the antitrust regulator swiftly reopened its investigation into Clear Cooperation Policy and buyer broker commissions in July
by Andrea V. Brambila Sep 15
HUD homes more likely to be in floodplains: Report
HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn't learn that the home was located in a flood zone until they were told by their lender
by Matt Carter Sep 13
NAR fights back against DOJ efforts to withdraw antitrust settlement
The trade group accused the Justice Department of reneging on a binding agreement. NAR also said it had already begun implementing policies based on its DOJ settlement
by Jim Dalrymple II Sep 13
Wells Fargo fined over mortgage loan modification practices
Wells Fargo has agreed to pay a $250M fine after an investigation by federal banking regulators found fault with its practices for helping homeowners with mortgage problems
by Matt Carter Sep 13
Why Lower.com is about much more than mortgage rates
There's a backstory to Lower that helps explain why the company believes it can now position itself as not just a lender, but 'Everything for your home, for Lower'
by Matt Carter Sep 8
Fannie and Freddie must submit equitable housing finance plans
Plans are intended as roadmap for reducing racial, ethnic homeownership gap over the next 3 years
by Matt Carter Sep 7
Unlicensed mortgage broker siphoned off $4.74M in refi proceeds
CoreLogic sees heightened risk of mortgage fraud due to shift to purchase loans
by Matt Carter Sep 7
Individuals to get better shot at buying foreclosed homes
Biden administration to give owner occupants, nonprofits more opportunities to buy homes before they're snatched up by large investors
by Matt Carter Sep 1
Regulators probe 'education fraud scheme' by loan originators
California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements
by Matt Carter Aug 31