Caliber Home Loans fined $2.3M for overcharging California borrowers
Caliber will pay $1.8 million in penalties and has refunded more than $550,000 to impacted California consumers.
Regulatory Compliance
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Arizona homebuilders challenge groundwater restrictions
Developers and regulators are locked in a deepening dispute over how to manage the state’s finite water supplies.
California creates office dedicated to housing, homelessness issues
Restructuring aims to better integrate and administrate response to the state’s housing and homelessness challenges.
State AGs oppose HUD’s plan to roll back fair housing marketing rules
The proposed rule would eliminate federal requirements prohibiting discriminatory marketing of affordable housing.
What agents must know about telemarketing consent
Firms are urged to remember a key distinction — calls that involve a bona fide offer to purchase a home versus calls that promote services.
Mayors back Realtor.com’s campaign to address the housing crisis
The resolution acknowledges the mounting housing affordability crisis and calls for policy reforms at all levels of government.
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.
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.”