Tag Archives: regulations

Wells Fargo agrees to pay $1B to settle shareholder lawsuit

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Investors claimed they were misled about bank’s progress in fixing governance and oversight issues that came to light in wake of 2016 “fake accounts” scandal. Continue reading →

Regulator rescinds new Fannie, Freddie fee for riskier borrowers

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Lending industry groups like the Mortgage Bankers Association called a fee based on borrower’s debt-to-income ratio “unworkable.” Continue reading →

Value of promoting sustainability in listings keeps falling, Realtors say

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An Inman analysis of NAR data on residential sustainability over the past seven years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results. Continue reading →

New video explores potential for AI bias in mortgage lending

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Experts participating in BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless it is closely overseen. Continue reading →

Stricter rules eyed for controversial PACE energy improvement loans

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PACE loans can burden homeowners with higher property tax bills that heighten the risk they’ll get behind on their mortgages, federal regulators say. Continue reading →

REX gets OK to question Zillow CEO Rich Barton in antitrust suit

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Judge Thomas Zilly denied Zillow’s motion for a protective order, saying CEO Rich Barton must complete three hours of questioning from REX’s counsel about the company’s “Project Bookshelf.” Continue reading →

Fannie and Freddie’s fees going up Monday despite lender objections

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The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants’ safety and soundness, not to subsidize fee waivers for buyers of limited means. Continue reading →

Legislation aimed at banning mortgage trigger leads is back

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Despite lobbying by mortgage trade groups, two previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading. Continue reading →

Tenants in jeopardy as rent hikes outpace value of rental vouchers

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No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them. Continue reading →

Clarence Thomas claimed rental income from closed real estate firm

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The U.S. Supreme Court justice claimed hundreds of thousands in income from a real estate company that was dissolved in 2006, according to yet another inquiry into Thomas’s financial disclosures. Continue reading →