Senators Waters, Warren sound alarm on HUD cost-cutting plan

Senators Maxine Waters (D-CA) and Elizabeth Warren (D-MA) sent Department of Housing and Urban Development Secretary Scott Turner a letter on Monday, demanding that he halt plans to cut staff at the Office of Fair Housing and Equal Opportunity. 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

CFPB is latest target of Trump’s downsizing government campaign

Democrats vow to fight moves to “unlawfully ‘delete’ this popular consumer watchdog that enjoys the broad bipartisan support of 4 out of 5 Americans.” Continue reading

Senate confirms Scott Turner as HUD secretary in 55-44 vote

Former Texas state representative and NFL star Scott Turner will now lead the Department of Housing and Urban Development after being confirmed in a Senate vote of 55-44. Continue reading

Trump’s executive order to address housing costs is short on specifics

Mortgage lenders have renewed their calls to slash Federal Housing Administration mortgage insurance premiums to help buyers struggling with elevated housing costs and mortgage rates. Continue reading

Douglas Elliman brings on Bassick Advisors Group in Massachusetts

The Massachusetts-based luxury firm previously known as Bassick Advisors Private Brokerage has shed its indie status to join Elliman as a team. It will operate out of the brokerage’s Boston and Wellesley offices. Continue reading

Erin Hovan announces Hovan Property Group’s move to Compass

Hovan Property Group will shift from Berkshire Hathaway HomeServices Robert Paul Properties in Massachusetts, Rhode Island and Connecticut, where it currently holds active brokerage licenses. Continue reading

DOJ adds major landlords to antitrust lawsuit against RealPage

Greystar Real Estate Partners, Blackstone’s LivCor and Cushman & Wakefield are among the institutional landlords accused of fixing rental prices — to the detriment of “millions” of renters. Continue reading

Lamacchia Realty finalizes Stone Ridge Properties acquisition

The acquisition of the Massachusetts-based brokerage marks Lamacchia Realty’s 10th acquisition in the state over the past 16 months, adding offices in Newburyport and Amesbury. Continue reading

Minnesota latest to sue MV Realty over ‘immoral and illegal’ contracts

Minnesota Attorney General Keith Ellison announced the suit last week, saying the Florida-based brokerage violated consumer protection laws by selling “contracts with oppressive terms.” Continue reading