CFPB sues Rocket, The Jason Mitchell Group over RESPA violations
The CFPB is accusing Rocket Homes of orchestrating a kickback scheme to funnel business to its sister companies.
Regulatory
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Trade groups push for flood insurance extension ahead of potential government shutdown
With a federal government shutdown looming, housing and insurance groups are urging an extension of the National Flood Insurance Program.
New MBA securities proposal mentions HMBS 2.0 as ‘logistical template’
A new MBA proposal for a Ginnie Mae securities product could be taking inspiration from recent actions in the reverse mortgage business.
CBO report shows GSEs have better conditions to repay Treasury by recapitalizing
The Congressional Budget Office (CBO) released a study on Friday suggesting that a recapitalization of the government-sponsored enterprises could benefit the U.S. Department of the Treasury in most scenarios.
NYC council approves sweeping plan that includes 82,000 homes
The “City of Yes” plans calls for the construction of 82,000 new homes over the next 15 years to address the Big Apple’s housing crisis.
Senate leaders sound off on Scott Turner’s HUD nomination
Tim Scott and Elizabeth Warren, who are likely to be influential in the Senate Banking Committee in 2025, weighed in on the HUD nominee.
How Trump’s plan to ‘seal the border’ impacts housing construction and affordability
The Trump administration’s attitude on undocumented immigration could block further progress for increasing new-home supply.
FHFA releases GSEs’ three-year plans to improve housing access in underserved communities
The regulator unveiled its three-year plan for Fannie Mae and Freddie Mac to improve housing opportunities in underserved areas.
Could the Trump transition delay some reverse mortgage policy decisions?
Ginnie Mae has shown speed in its work on HMBS 2.0, but the election could mean its arrival is beyond the control of current housing leaders.
Trump’s plan to build houses on federal land, explained
Donald Trump’s impending second term has sparked discussions about addressing the housing crisis by building new homes on federal lands.