Tag Archives: regulations

Carrington grudgingly signs off on $5.25M COVID-19 relief settlement

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CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Continue reading →

5 housing proposals on midterm ballots — and how they shook out

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In dozens of communities across the U.S., affordable housing was on the ballot in the midterms. Here’s how some of the biggest proposals did as results were still being tallied. Continue reading →

‘Homeowner benefit agreements’ in spotlight amid MV Realty probe

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North Carolina regulators are investigating alleged predatory and deceptive practices by Florida-based MV Realty, which operates in 33 states and has more than 500 licensed agents. Continue reading →

In the short term, home prices will fall. But then what, economists ask

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Affordability concerns weigh on nearly every corner of the housing market as the economy tips toward a possible recession, according to a new survey of real estate experts. Continue reading →

Congress closer to prodding VA to update appraisal requirements

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The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down. Continue reading →

Biden overturns rule that stifled immigrant housing access

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The Department of Homeland Security announced it wouldn’t follow the 2019 amendment to the Public Charge Rule, which helps determine citizenship eligibility based on financial neediness. Continue reading →

Big lenders get a head start, adopt $715,000 conforming loan limit

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Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo. Continue reading →

Bank of America’s new ‘solution’ helps minorities own homes

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The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15 billion commitment to help 60,000 individuals and families purchase homes by 2025. Continue reading →

WATCH: How will buyer’s agents make money if the DOJ wins?

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The ongoing lawsuits and investigation into U.S. industry practices could alter how buyer’s agents make money on the typical home sale, panelists said earlier this month at Inman Connect Las Vegas. Continue reading →

Affordable housing measures nixed from US climate bill

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The bill contains several of Democrats’ top legislative priorities. But several big affordable housing proposals missed the final cut. Continue reading →