Ben Carson reportedly in the running to lead HUD again
As a Project 2025 author, Carson advocated raising FHA premiums and for a 'reset' of HUD to reverse 'corrosive progressive ideologies across the department’s programs'
by Matt Carter Nov 22
Campaign to stop Fannie Mae title waiver pilot program resumes
Title insurers have waged a protracted PR and lobbying campaign opposing the pilot program and other title insurance alternatives endorsed by the Biden administration and consumer groups
by Matt Carter Nov 20
Healthy FHA reserves justify premium cuts, lenders say
Private mortgage insurers are hoping to head off a repeat of the 35% reduction approved by the Biden administration last year, which is projected to save homebuyers $5.1B over 10 years
by Matt Carter Nov 15
Impact of NAR's commission rule change illuminated in Q3 earnings
In the wake of the National Association of Realtors' 3-month-old rule change, executives are reassessing agent pay amid pressure on commissions, an analysis of Q3 earnings data shows
by Jim Dalrymple II Nov 12
Social issues, not industry chaos, will guide agents at the ballot box
Commission chaos has disrupted real estate's status quo in unique ways in 2024, but social issues have been the reason for more political donations from agents, according to an analysis by Inman
by Jim Dalrymple II Nov 5
Judge grants final approval to 9 commission lawsuit settlements
Judge Stephen Bough granted approval for settlements involving Compass, Douglas Elliman, @properties and other companies. Collectively, the companies will pay $110M to resolve litigation
by Jim Dalrymple II Oct 31
Fannie and Freddie will let more buyers off the hook for an appraisal
Appraisal waiver programs that rely on automated valuation models will be expanded next year to allow participation by homebuyers putting less than 20% down, with OK from federal regulator
by Matt Carter Oct 29
CMLS urges NAR to keep Clear Cooperation in new letter
CMLS CEO Denee Evans argued against the 'removal or significant weakening of a policy so critical to the integrity of our housing market' in an open letter to NAR and its members Friday afternoon
Redlining settlement wouldn't resolve 1st Amendment questions
The CFPB claimed statements made by hosts of Townstone Financial's AM radio call-in show and podcasts discouraged Black Chicago residents from applying for a mortgage
by Matt Carter Oct 25
California is 2nd state to revoke LoanSnap's license this month
Costa Mesa, California-based provider of debt consolidation loans saw most of its business dry up last year and was evicted from its headquarters in May
by Matt Carter Oct 22
Judge gavel with justice lawyers to represent appraisal bias lawsuit
Department of Justice alleges appraisal that erased $220K from Denver duplex's value discriminated against Black owner and thwarted her attempt to refinance at lower rates
by Matt Carter Oct 22
Fairway blasts federal regulators in $10M redlining settlement
Nation's third biggest lender casts itself as a victim of politics, noting Consumer Financial Protection Bureau launched its investigation the day after Biden Administration took office
by Matt Carter Oct 16
Trump, Harris housing policies emerging from the rhetoric
Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates' platforms — and Project 2025 — provide more details
by Matt Carter Oct 16
LoanSnap's business dried up. Now regulators are after its licenses
Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same
by Matt Carter Oct 11
DOJ's 14th redlining settlement is its first with a credit union
Citadel Federal Credit Union 'respectfully disagrees' with allegations, agrees to invest $6.5M and open 3 new branches in predominantly Black and Hispanic neighborhoods in Philadelphia
by Matt Carter Oct 11
Real estate is still processing Aug. 17 and Clear Cooperation
At Inman Connect Austin on Wednesday, Rachel Hocevar of Compass and Romeo Manzanilla of @properties Christie's International Real Estate discussed the implications of industry shakeups