Progress Residential to pay $49.8M to settle FTC, state claims over rental practices
Settlement with the FTC and four states requires clearer pricing disclosures
Regulatory
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Massachusetts AG issues rule on shared appreciation mortgages, NCLC calls for broader protections
NCLC welcomed SAM safeguards but warned that similar risks persist in home equity investments, which are not directly covered by the rule
Housing leaders weigh in on Trump’s scaled-back EO
Analysts see the moves as largely benign for mortgage and title insurers
Trump signs executive order targeting mortgage insurance, manufactured housing and more
White House fact sheet also mentions expansion of title insurance waivers, along with lower USDA and VA direct loan rates
White House executive order would seek to cut mortgage costs
Executive order draft calls for policy actions across several areas, including mortgage insurance, manufactured housing and refinance costs
Village Capital settles over broken 6% VA loan rate cap
DOJ says the servicer refused rate cut requests and retaliated against those seeking relief
HUD officials offer an action plan to spark FHA lending
At MBA Annual, Matt Jones and Joe Gormley touched on ways to move the needle in FHA single-family mortgage originations
HUD opens probe into Wells Fargo’s race-based mortgage programs
HUD says bank initiatives may violate the Fair Housing Act
State AGs urged to probe Zillow, pocket listings, referral fees
Letter to NAAG cites the Zillow-Redfin settlement, pocket listings, and “Contact Agent” routing as key targets
Pulte says FHFA weighing bi-merge, single credit report
FHFA opens door to VantageScore for all lenders