Democrats question legality of Fannie, Freddie board purges

Less than four days after being confirmed as head of the mortgage giants’ federal regulator, housing scion Bill Pulte fired 14 board members and made himself the chair of both companies. Continue reading

Grant program incentivizes teardowns of old mobile homes

FHLB Cincinnati’s Hundred Homes Initiative’s $50,000 grants can be used for a down payment or closing costs on a newer home in Ohio, Kentucky or Tennessee, and pay for the disposal of vacated mobile homes Continue reading

FHFA gutting Fannie, Freddie minority homeownership programs

Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from unfair or deceptive practices. Continue reading

The 4M home shortage: How the industry can unlock inventory

As real estate professionals, policymakers and communities collaborate to find solutions, Kendall Bonner writes, they can create a future where housing is more accessible, affordable and efficiently produced. Continue reading

Bass weighs pause of ULA Tax as wildfire recovery continues

Los Angeles Mayor Karen Bass seems to be warming up to the idea of pausing the controversial ULA Tax as the city recovers from destructive wildfires, but it is unclear how she could do it. Continue reading

EXp CEO ‘cautiously optimistic’ as spring homebuying season nears

EXp CEO Leo Pareja said he’s hopeful about the busiest season of the year for homebuyers, saying more inventory at varied price points will be key to helping shoppers see beyond elevated rates. Continue reading

Democrats weighing government shutdown to protest DOGE cuts

As March 14 debt ceiling deadline approaches, housing and mortgage finance industries brace for repercussions of DOGE cuts to federal workforce and programs. Continue reading

NAR, Mortgage Bankers Association back CFPB nominee

The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan, noting he has a “wealth of experience” to lead the financial watchdog. Continue reading

DOGE’s moves could destabilize mortgage finance system

National Housing Conference President and CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae. Continue reading

Pasadena ADU program offers second shot at affordable housing

To qualify, applicants must have owned and occupied the main property for at least five years, maintain a credit score above 650 and have a debt-to-income ratio below 40 percent. Continue reading