Court denies CFPB's request to vacate fair lending settlement
Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request 'a Pandora’s box the court refuses to open'
by Matt Carter Jun 12
CFPB enforcement chief resigns, saying mission 'under attack'
The Trump administration is seeking to cut 90% of the CFPB's workforce, and has dismissed about 20 active enforcement cases and moved to vacate or weaken several finalized settlements
by Matt Carter Jun 11
Senate Dems ask Pulte to put Fannie, Freddie revamp on hold
Lawmakers want assurances that privatizing the mortgage giants or taking them public won't drive mortgage rates up, or put investor profits 'over the homes of millions of Americans'
by Matt Carter Jun 6
Wells Fargo free to grow again after Fed lifts $1.95T asset cap
Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets
by Matt Carter Jun 4
Fannie and Freddie may stay in conservatorship: Regulator
Shares in mortgage giants tumble as investors weigh whether the Trump administration is more interested in mining Fannie and Freddie's profits than privatizing them
by Matt Carter Jun 3
Trump, Pulte shed more light on plans for Fannie and Freddie
Promise that the government will maintain 'implicit guarantees' of the companies' obligations suggests that what Trump has in mind is monetization, not privatization
by Matt Carter May 28
Fannie Mae taps Palantir to detect 'rampant' mortgage fraud
Head of mortgage giants' federal regulator, Bill Pulte, has made fraud an issue after leveling accusations against Trump opponent, New York Attorney General Letitia James
by Matt Carter May 28
Trump's interest sends shares in Fannie Mae, Freddie Mac soaring
President says he's giving 'very serious consideration' to bringing companies public, and investors are hoping that whatever plan emerges will generate a windfall for them
by Matt Carter May 22
RentSpree, TransUnion partner in tenant screening
RentSpree is working with TransUnion to improve how leasing agents and property managers determine a lease applicant’s background
by Craig C. Rowe May 16
Appraisal Institute rocked by NYT exposé, lawsuits by former execs
Professional association is fighting accusations that it knowingly reported inaccurate exam scores to state agencies and ignored a top executive's alleged sexual harassment of employees
by Matt Carter May 13
Texas governor attempts to squash Muslim residential development
Texas Gov. Greg Abbott announced that he'd halted development on a Muslim mixed-use project in Plano. Developers said Abbott's investigations are unfounded and rooted in Islamophobia
by Marian McPherson May 13
CFPB rescinds dozens of policies as court battle over its fate rages on
A hearing on an order barring the Trump administration’s move to fire all but 200 of the CFPB’s 1,700 employees is set for Friday, with Democrats calling it an attempt to dismantle the bureau
by Matt Carter May 13
Dueling with dual agency in the age of private listing networks
Opinion
Is dual agency fair to buyers, sellers and agents? In the age of private listing networks, Spencer Krull writes, it's worth examining who the practice benefits
by Spencer Krull May 12
Illinois bill seeks to make Clear Cooperation into law
If passed, HB 3452 would require brokerages to market properties for sale on public platforms within 1 day of entering into an agreement with a seller, unless the seller signed an opt-out form
A June rate cut is now seen as off the table as Fed stays put
Job market is 'solid,' and central bank policymakers need time to assess Trump administration's 'substantial policy changes' in areas including tariffs, immigration, taxation and regulations
by Matt Carter May 7
FEMA held back Direct Lease for LA wildfire survivors. Here's why
Despite more than 13K homes destroyed in the wildfires, FEMA's Direct Lease program was never activated. According to a FEMA spokesperson, housing data doesn't justify the need for it
by Richelle Hammiel May 7