How Jesse Jackson predicted (and tried to stop) the 2007 crash

The Rev. Jesse Jackson’s death marks the end of an era in U.S. civil rights movement leadership, but his warnings about predatory lending remain urgently relevant, Dr. Lee Davenport writes. Continue reading

Welcome to the Senior Class: Downsizing with a home equity conversion mortgage

Developer and contributor America Foy says agents are missing the boat when it comes to education on senior housing opportunities. The home equity conversion mortgage product is just one example. Continue reading

There’s nobody in charge of looking out for waste, fraud and abuse at Fannie and Freddie’s regluator

FHFA acting Inspector General John “Joe” Allen is set to be fired, Reuters reports, and the position is now vacant as the mortgage giants move toward a public offering. Continue reading

Embattled Fed Governor Lisa Cook says tariffs fueling inflation

In her first public speech since President Trump’s attempt to remove her, the economist said she expects a “one-time increase” in prices, with inflation trending back down toward the 2 percent target once “the effects are behind us.” Continue reading

2025 a banner year for mortgage deregulation and legislation

“We don’t just have a seat at the table,” Mortgage Bankers Association CEO Bob Broeksmit told members in Las Vegas. “We’re near the head of the table — and we’re speaking loud and clear.” Continue reading

What every real estate pro should know about kickback rules

RESPA is the biggest party foul in real estate. Compliance expert Summer Goralik explains the rules and stresses that anything less than full compliance can be a career-ending misstep. Continue reading

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading

Fed rebuts accusations that Powell mismanaged $2.5B renovation

Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading

Fannie, Freddie ordered to accept new VantageScore 4.0 credit score

While questions remain about the new policy, FHFA Director Bill Pulte says lenders must still use “tri-merge” process to obtain scores from all three major credit bureaus. Continue reading

Government regulator lets BofA mortgage off the hook 3 years early

The 2023 order, aimed at ensuring the collection of information about applicants’ race, ethnicity and gender, wasn’t scheduled to be lifted until 2028. Regulators say the bank has fulfilled its obligations. Continue reading