NAMB issues support for CHLA white paper on LO compensation
NAMB’s letter said that the association opposes the current “rigid” interpretation of loan originator compensation regulations.
Regulatory Compliance
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FHA rescinds 12 policies as Trump administration pushes to cut red tape
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
Massachusetts set to bar home sellers from requiring inspection waivers
The policy prohibits sellers and agents from requiring or encouraging buyers to waive a home inspection as a purchase condition.
CFPB enforcement head resigns, citing ‘no intention to enforce the law’
Cara Petersen, the acting CFPB enforcement director, has resigned, citing a lack of intention to “enforce the law in any meaningful way.”
Federal Court blocks Trump’s ‘Liberation Day’ tariffs
A three-judge panel issued the decision Wednesday, siding with plaintiffs who argued that Trump’s use of tariffs violated U.S. law.
Where land-use regulations are driving up housing costs
The federal government has few options for addressing housing costs because most land-use regulations are administered at the local level.
HUD secretary defends repeal of fair housing rule
The rule required local governments to analyze housing patterns for racial and economic disparities and submit corrective plans to HUD.
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.
HUD rescinds appraisal review policies
Policies related to real estate appraisal appeals, or reconsiderations of value, have been rescinded by the Federal Housing Administration.
New York moves to allow title insurance for state land deals
New York may soon allow title insurance for state land purchases, a shift that could streamline conservation efforts and resolve longstanding property disputes.