Real Talk: Thoughts and prayers for those fighting 10-5
Has NAR leadership learned anything about consumers in the past 25 years? As they prepare to vote on changes, housing counselor Rachael Hite thinks they haven't
by Rachael Hite Jun 5
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
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
Trump's 1st 100 days in office and its impact on real estate
Opinion
What the rest of this year will look like under Trump 2.0 with regard to real estate is anyone’s guess. Cara Ameer breaks down the possibilities, problems and opportunities
by Cara Ameer Apr 29
Regulators expected to remove lid on Wells Fargo's growth soon
A $1.95T asset cap that's limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices
by Matt Carter Apr 29
$18.5M in fines imposed on former Wells Fargo execs prove elusive
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
by Matt Carter Apr 25
Groups slam CFPB's bid to undo fair lending settlement as 'dangerous'
Consumer groups are trying to stop the Trump administration from vacating a settlement the government reached with a Chicago mortgage broker days before the November election
by Matt Carter Apr 22
Trump administration makes its case for massive CFPB job cuts
Judge puts a temporary hold on DOGE-driven move to fire all but 200 of the Consumer Financial Protection Bureau's 1,700 employees to determine if it could still fulfill its statutory duties
by Matt Carter Apr 18
CFPB cites DEI in push to kill $105k settlement with mortgage broker
Acting director Russell Vought claims bureau 'abused its power' in redlining case against Townstone Financial that dragged on for 4 years, to 'further the goal of mandating DEI in lending'
by Matt Carter Mar 28
Bill Pulte confirmed to lead Fannie and Freddie's federal regulator
Mortgage industry groups support the Trump administration's picks to lead the FHFA and CFPB, but questions remain about the prospects for dramatic policy shifts at the agencies
by Matt Carter Mar 14
Rocket: Redfin acquisition will cut consumer transaction costs by half
Rocket executives say unifying home search, buying, selling, mortgage, title and servicing could net $20K in savings — which might allay antitrust concerns and keep RESPA regulators at bay
by Matt Carter Mar 11
Rocket Homes off the hook as Trump's CFPB drops lawsuits
Dec. 23 RESPA complaint that accused Rocket Homes of favoring real estate agents who steered clients to Rocket Mortgage is dismissed 'without prejudice' by the CFPB's new leadership
by Matt Carter Feb 27
NAR, Mortgage Bankers Association back CFPB nominee
The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan
by Marian McPherson Feb 25
DOGE's moves could destabilize mortgage finance system
National Housing Conference CEO David Dworkin, a centrist advocate for affordable housing stakeholders, warns of unintended consequences of downsizing of HUD, FHA and Ginnie Mae
by Matt Carter Feb 24
HUD to lay off approximately 4,800 employees under Trump plan
The US Department of Housing and Urban Development will eliminate half of its workforce as part of the Trump administration’s latest effort to reduce federal costs, it announced Thursday
by Richelle Hammiel Feb 14