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

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

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

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

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

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

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

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

How equitably is housing wealth distributed in your city?

A new interactive tool from the Urban Institute compares housing wealth equity in cities across America, tracking disparities in homeownership rates, home values, and the distribution of housing wealth by race and ethnicity. Continue reading

Regulatory tech provider Azimuth GRC gets boost from Rock Ventures

Atlanta-based Azimuth GRC claims it’s the only company that’s codified every state and federal law on one platform. Continue reading

How pocket listings cast aside minority homebuyers

Five housing experts explain how pocket listings play into de facto segregation and create roadblocks for minority homebuyers and sellers. This is the second story in a five-part series. Continue reading