Tag Archives: regulations

‘Highly uniform’ commissions designed to thwart competition: study

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The Consumer Federation of America pushes for an end to the sharing of commissions between listing and buyer brokers to spur price competition. Continue reading →

Fannie, Freddie raise loan limits to record high

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Rapid home price appreciation during the pandemic means loan limits for Fannie Mae and Freddie Mac will make a record-breaking leap in 2022, fueling a debate over whether that’s ultimately in the best interests of would-be homebuyers struggling to find… Continue reading →

‘Love letter’ ban to see day in court thanks to First Amendment group

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A first-in-the-nation Oregon law restricting love letters between buyers and sellers, set to begin in January, is being challenged in court by the conservative-leaning Pacific Legal Foundation. Continue reading →

South Dakota governor’s daughter closes appraisal business amid nepotism claims

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South Dakota Gov. Kristi Noem’s daughter Kassidy Peters has quit her appraisal job as state legislators investigate her mother for alleged “abuse of power.” Continue reading →

Affordable housing axed from $1.2 trillion infrastructure bill

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After a four-month uphill battle between House Democrats and Republicans, President Biden’s $1.2 trillion Infrastructure Investment and Jobs Act is finally law. However, more than $250 billion allocated for affordable housing in the ‘Build Back Better’… Continue reading →

Flush with cash, FHA urged to lower mortgage insurance premiums

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Although the FHA isn’t signalling it’s ready to reduce premiums, it’s looking at ways to expand access to mortgage credit, including downpayment assistance and support for “small-dollar” lending in underserved markets. Continue reading →

FairPlay lands $4.5M seed round to help lenders combat racial bias

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The New York-based startup helps lenders discover bias in algorithms and take a second look at rejected applicants using “cutting edge AI fairness techniques.” Continue reading →

Los Angeles wants to ban iBuying

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Amid an ongoing housing shortage and rapid price appreciation, Los Angeles city lawmakers are now searching for ways to thwart iBuyers in their city. Continue reading →

Fake landlord and deed fraud scams plague Detroit buyers and renters

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Mortgage lenders are cautious about extending credit and home prices are so low that most deals are for cash, putting buyers at greater risk. Continue reading →

Multiple law firms investigating Zillow for potential securities fraud

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The investigations — which are relatively common after a company discloses very bad news — are a response to Zillow’s announcement that it will end its iBuying business. Continue reading →