Tag Archives: regulations

On the ground in LA: How a divisive ‘mansion tax’ altered real estate

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The president of Nourmand & Associates briefed Intel on how a new L.A. tax on high-priced properties has jolted the local real estate industry. Continue reading →

What to expect at Compass’ annual RETREAT in San Diego this week

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Throughout the week, RETREAT attendees will learn how to develop new business tactics, wield technology more efficiently and stay afloat as guidance around commissions changes in 2024. Continue reading →

First American settles ‘no-poach’ allegations with New York AG

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The $4.5 million agreement follows similar settlements with “big four” title insurance underwriters Fidelity National Financial, Old Republic National Title Insurance and Stewart Title Guaranty. Continue reading →

VantageScore: New scoring model could qualify 4.9M extra borrowers

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Company puts heat on regulators to stick to 2025 timetable for requiring lenders to use VantageScore 4.0 to evaluate borrowers, saying delays could impact “creditworthy people of color.” Continue reading →

Biden administration backs plan to convert more offices to homes

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Initiative provides new financing and technical assistance to developers and local government, and highlights grants and tax incentives that can make conversion projects more attractive. Continue reading →

Rocket subsidiary Lendesk launches mortgage AI assistant

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Lender Spotlight AI Assistant sifts through the finer points of more than 7,000 mortgage options to help brokers identify the right product and answer clients’ questions. Continue reading →

Project to tackle appraisal bias continues with Nov. 1 hearing

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The public is invited to join leaders from the American Bankers Association and mortgage giants Fannie Mae and Freddie Mac for a hearing on tackling appraisal bias. Continue reading →

Ameris is now 10th lender to settle DOJ redlining charges in 2 years

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In announcing the $9 million settlement with the Florida lender, Attorney General Merrick Garland said DOJ “currently has over two dozen active investigations into redlining, spanning neighborhoods across the country.” Continue reading →

ACI paying another $20M to settle mortgage payments debacle

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In settling with state regulators, the Miami-based electronic payment processor is looking to close the books on a 2021 test that triggered $2.3 billion in erroneous mortgage payments. Continue reading →

TransUnion knocks plan to let lenders use 2 credit reports

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The plan to move to a bi-merge process allowing lenders to use two, instead of three, credit reports was announced last October by Fannie and Freddie’s federal regulator. Continue reading →