As HEI regulations expand, states debate loan classification
State HEI legislation is expanding as Maine sets standards, Illinois updates licensing and other states debate whether HEIs are loans.
Regulatory
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HUD says Realtors can discuss crime and school data, reversing Biden-era stance
HUD has also accused the National Association of Realtors of imposing a “professional gag order” on its members.
Will new tax on ultra-luxury NYC homes derail red-hot demand?
The proposed tax would apply to second homes valued above $5 million, with higher rates for properties exceeding $15 million and $25 million.
Mortgage rates level off, but is 6.5% the new normal?
Mortgage rates have soared in the past month, but market participants appeared to take a wait-and-see approach this week as they contemplate further price increases for home loans.
Washington just banned noncompete agreements. Will other states follow suit?
Washington state is banning noncompetes effective June 30, 2027, and requires written notice to void existing clauses by Oct. 1, 2027.
Bill Pulte targets Letitia James with new criminal referrals
FHFA Director Bill Pulte filed DOJ referrals alleging insurance fraud by New York AG Letitia James involving Florida and Illinois properties.
The GSEs updated their rules for condo loans. Will they be helpful or harmful?
Fannie Mae and Freddie Mac revised condo project and insurance rules, easing some costs but tightening reserve and review requirements.
HUD launches probe into Washington state down payment assistance program
Washington State’s Covenant Homeownership Program is under investigation by HUD over potential violations of the Fair Housing Act.
Trump’s AI policy framework calls for single federal standard
Trump’s AI framework lists six priorities and urges one national standard, as mortgage tech leaders cite delays from state-by-state rules.
Trump’s mortgage order sets stage for regulatory shift, draws consumer backlash
President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates.