Fannie Mae President and CEO Priscilla Almodovar has been replaced on an interim basis by Chief Operating Officer Peter Akwaboah. FHFA Director Bill Pulte fired Freddie Mac CEO Diana Reid in March after board shakeup. Continue reading
Real estate developers Cody Holmes and Steven Taylor have been accused of defrauding a program that funds affordable housing projects and are now facing decades in federal prison. Continue reading
Costar, parent company of Homes.com, says Zillow is displaying thousands of images that are CoStar property — an act described in the complaint as “willful, mass infringement.” Continue reading
Negative homebuyer and homebuilder sentiment matched with growing economic uncertainty to stifle new construction in June, with single-family permits, starts and completions taking the biggest hit. Continue reading
April’s housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn’t far behind. Continue reading
As home values slowly creep up, Nebraska legislators are attempting to curtail a possible affordability crisis with three housing-related bills. Continue reading
Oregon lawmakers voted to eliminate single-family zoning in any city with more than 25,000 people. The bill would legalize duplexes and other “missing middle” housing in neighborhoods that previously only allowed single-family homes. Continue reading
Baby boomers have no sway on the affordability of housing in major markets like San Francisco and New York City, according to a new study. Continue reading