Federal banking agencies seek to rescind 2023 CRA rule
The Federal Reserve, OCC and FDIC say they intend to restore the framework of the Community Reinvestment Act to its prior state.
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California Best Title to pay $150K in incentives settlement
State investigators found that marketing representatives Jonathan Golden and Joshua Meador provided incentives to real estate agents to steer business to the company — a practice known as illegal inducement.
Homebuyers made record down payments in 2024
For all of 2024, buyers put down an average of $29,900, or 14.4% of the purchase price, marking the highest figures since tracking began.
Statara Solutions adds digital audio ads to media platform for real estate pros
The company said its goal is to provide agents and affiliates of the National Association of Realtors (NAR) with new ad-buying tools for influencing policies that shape the real estate industry at the federal, state and local levels.
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
What constitutes public marketing? NAR clarifies details on delayed marketing listings
Under the National Association of Realtors’ (NAR) new Multiple Listing Options policy, the trade group is allowing listing agents, with the signed consent and direct permission of their seller client, to delay publicly marketing a listing through Internet Data Exchange (IDX) feeds and syndication.
Treasury Department plans to cut thousands of employees
U.S. Department of Treasury plans to lay off a “substantial portion” of its staff.
New home sales report shows completed units could be a problem
Today’s new home sales report emphasizes a critical issue for the builders: the currently elevated supply of new homes
Fitch Ratings assesses home equity investments amid wider scrutiny
The credit ratings agency said it does not rate HEIs, as some have gone after the industry by comparing its products to reverse mortgages.