New video explores potential for AI bias in mortgage lending
Experts participating in filmmaker Alice Gu's BAD INPUT argue technology could expand access to credit, but also perpetuate discriminatory lending unless closely overseen
by Matt Carter May 2
Stricter rules eyed for controversial PACE energy improvement loans
Property Assessed Clean Energy (PACE) loans can burden homeowners with higher property tax bills that heighten the risk they'll get behind on their mortgages, federal regulators say
by Matt Carter May 2
REX gets OK to question Zillow CEO Rich Barton in antitrust suit
Judge Thomas Zilly denied Zillow's motion for a protective order, saying CEO Rich Barton must complete 3 hours of questioning from REX's counsel about the company's 'Project Bookshelf'
by Marian McPherson Apr 28
Fannie and Freddie's fees going up Monday despite lender objections
The Federal Housing Finance Agency says risk-based fee increases are aimed at ensuring the mortgage giants' safety and soundness, not to subsidize fee waivers for buyers of limited means
by Matt Carter Apr 26
21st Century ROAD to Housing Act
Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading
by Matt Carter Apr 19
Tenants in jeopardy as rent hikes outpace value of rental vouchers
No metro in the US held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them
by Ben Verde Apr 18
Clarence Thomas claimed rental income from closed real estate firm
The Supreme Court justice claimed hundreds of thousands in income from a real estate company that was dissolved in 2006, according to yet another inquiry into Thomas's financial disclosures
by Daniel Houston Apr 17
Marketing guru's run for POTUS puts speakers in awkward position
NAR's Lawrence Yun among prominent figures scheduled to speak at virtual event where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book
by Matt Carter Apr 17
Clarence Thomas failed to report property deal with Texas developer
Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the US Supreme Court Justice, reportedly bought 3 properties from Thomas, including his mom's home
by Daniel Houston Apr 14
FTC goes to court to stop ICE's $11.7B Black Knight acquisition
Antitrust regulator claims Intercontinental Exchange and Black Knight plan to close the merger deal on April 28 — before an administrative hearing to determine its legality has even begun
by Matt Carter Apr 11
Mortgage, tech experts invited to brainstorm ideas at 'TechSprint'
Fannie Mae and Freddie Mac's federal regulator will host Velocity TechSprint, a problem-solving challenge for product developers and data scientists in nation's capital July 10-13
by Matt Carter Apr 7
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Zillow has maintained its agent-lender co-marketing program is RESPA compliant, and admitted no wrongdoing while agreeing to pay $15M, which was granted preliminary approval Monday
by Matt Carter Apr 4
Rocket Homes is target of 'ongoing law enforcement investigation'
The Consumer Financial Protection Bureau launched an investigation into Rocket's real estate brokerage arm in 2020 on eve of the company's IPO. Three years later, the probe is ongoing
by Matt Carter Apr 4
Fidelity to pay $3.5M in crackdown on 'no-poach' agreements
5 title insurance companies have paid $8.25M in the last 18 months to settle antitrust allegations leveled by New York Attorney General Letitia James
by Matt Carter Mar 29
Flagstar Bank takes over Signature Bank's retail branches
$2.7B deal does not include about $4B in crypto-related deposits held by the former Signature Bank's digital-assets banking business, according to the Federal Deposit Insurance Corp
by Matt Carter Mar 20
New mortgage fee won't debut until after spring homebuying season
Industry groups continue to object to new Fannie and Freddie fee aimed at some riskier borrowers as a burden on lenders and middle-class consumers
by Matt Carter Mar 17