Biden administration lays out bold plan to combat appraisal bias

The five-point plan seeks to make the appraisal industry more accountable, arm consumers with assistance, prevent algorithmic bias, cultivate a more diverse appraisal industry, and leverage federal data to benefit research and policymaking. Continue reading

More booster shots, testing and other measures coming in response to Omicron variant

President Biden laid out a COVID-19 response plan Thursday that will push more people to get vaccinated and attempt to keep businesses open. Continue reading

What the US climate-risk review means for FHA, VA loans and more

Government agencies are looking to better quantify risks from climate change, a step with implications for government-backed home loans. Continue reading

Did Biden just upend licensing and education requirements nationally?

President Biden’s latest executive order could impose an unnecessary burden on those who seek to do business in a different state. Here’s how it can impact the real estate industry. Continue reading

Trump administration proposes massive cuts to HUD

The President’s budget for Fiscal Year 2021 calls for the elimination of block grant programs and a reduction of HUD’s budget by 15 percent. Continue reading

NAR president applauds Trump’s planned environmental rule change

Vince Malta applauded the White House’s proposal to “modernize” a rule that governs an array of infrastructure projects, though the move also drew condemnation from the left. Continue reading

Agents weigh in on Mike Bloomberg call for White House open floor plan

The 2020 presidential hopeful wants to transform the East Room into an open floor plan, but is it a good idea? Real estate agents are torn on the effectiveness of such offices. Continue reading

Fannie and Freddie critic Mark Calabria confirmed as Housing Finance director

The U.S. Senate on Thursday confirmed Mark Calabria to head the Federal Housing Finance Agency (FHFA), the agency tasked with overseeing the government-sponsored entities Fannie Mae and Freddie Mac. Continue reading

Will Trump’s new housing finance director privatize Fannie and Freddie?

The Trump administration is preparing to nominate Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing Fannie Mae and Freddie Mac. Continue reading