This apartment complex wants to lock residents inside all night long
The Array Apartments in Austin, Texas, has announced a 'mandatory' curfew between 10 p.m. and 5 a.m. each night. But legal experts are skeptical such a rule can be enforced
by Jim Dalrymple II Jun 13
The Texas plan that could win even more new homeowners
High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden
by Jim Dalrymple II Jun 6
Quality control standards for AVMs may cover discrimination
Proposed standards would include random sample testing and reviews to protect against data manipulation and ensure a 'high level of confidence' in the estimates produced by AVMs
by Matt Carter Jun 2
Airbnb sues New York City over 'de facto ban' on short-term rentals
The company says only nine of its nearly 40,000 units in New York have been approved under the new law — which Airbnb claims is meant to drive out short-term rentals
by Jim Dalrymple II Jun 2
Private mortgage insurers have friends in high places
House lawmakers with differing views on Fannie and Freddie ask SEC not to hinder a system that private mortgage insurers have used to transfer nearly $68B in risk since 2015
by Matt Carter May 26
Mortgage rate gap among lenders wider than previously understood
A homebuyer taking out a $300K loan could end up overpaying by $1,200 a year — and even more if they're in the market for a jumbo, FHA or VA mortgage, according to a new CFPB analysis
by Matt Carter May 26
'I wouldn't want you to live here': 9 fair housing violations to avoid
Prevent being canceled, fined or jailed by understanding fair housing laws and regulations and avoiding violations
by Lee Davenport May 24
Housing counseling agency sues its founder for alleged fraud
The National Asian American Coalition says only a small percentage of the counseling sessions it billed California $12M for were actually provided
by Matt Carter May 18
Gavel over one hundred dollar bills represents Newrez' settling a complaint
Investors claimed they were misled about bank's progress in fixing governance and oversight issues that came to light in wake of 2016 'fake accounts' scandal
by Matt Carter May 17
Regulator rescinds new Fannie, Freddie fee for riskier borrowers
Lending industry groups like the Mortgage Bankers Association called fee based on borrower's debt-to-income ratio 'unworkable'
by Matt Carter May 10
Value of promoting sustainability in listings keeps falling, Realtors say
An Inman analysis of NAR data on residential sustainability over the past 7 years reveals that fewer agents and brokers believe touting energy efficiency in listings elicits meaningful results
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