Tag Archives: regulations

Individuals to get better shot at buying foreclosed homes

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The Biden administration wants to give owner occupants a better shot at purchasing homes repossessed by HUD, Fannie Mae and Freddie Mac. Continue reading →

Regulators probe ‘education fraud scheme’ by loan originators

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California is leading a multi-state regulatory task force investigating a company suspected of allowing mortgage loan originators to skirt their pre-licensing and continuing education coursework requirements. Continue reading →

NAR President to Realtors: Wear masks, social distance

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With the coronavirus pandemic continuing to wreck havoc on the U.S., National Association of Realtors President Charlie Oppler urged real estate professionals to wear masks and said he is encouraged by growing vaccination rates. Continue reading →

Supreme Court shoots down latest eviction moratorium

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Six justices called the CDC’s claim of authority “unprecedented,” and said Congress would have to authorize a new ban if it desired one. Continue reading →

Mortgage lender offers $500 discount to applicants who get COVID vaccine

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“Neat believes that vaccinated individuals are making a crucial impact on the wellbeing of our community,” the company said in announcing the discount on closing costs to vaccinated applicants for purchase loans or refinancing. Continue reading →

Viral Reddit thread places HOAs in the doghouse

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One owner’s battle with her homeowner’s association over her pets went viral on Monday. Here’s what a pet-loving broker-owner has to say about finding the best place for a furry friend. Continue reading →

With protections lifting, improvement in forbearance numbers slows

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The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading →

RE/MAX and eXp Realty settle their recruitment lawsuit

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RE/MAX had sued eXp Realty earlier this year over claims the latter company improperly solicited RE/MAX franchisees, and that it misrepresented RE/MAX’s commission splits. Continue reading →

Fannie, Freddie regulator wants to help more low-income homebuyers

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The Federal Housing Finance Agency wants at least 35 percent of the purchase mortgages backed by Fannie and Freddie to be taken out by low- and very low-income borrowers, up from 30 percent today. Continue reading →

Take your pick: Encompass handles both old and new qualified mortgage rules

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Fannie and Freddie will use new price-based qualified mortgage rule for loans with settlement dates after Aug. 31. Continue reading →