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Abandoned mortgage apps are on the upswing. Homebuyer confusion could be the culprit
Cotality’s survey of 1,000 recent and prospective U.S. homebuyers found that they ultimately care most about timing and confidence.
California affordable housing programs face new legal challenge
A new lawsuit could deal a blow to one of California’s primary local tools for building affordable housing without taxpayer subsidies.
UBS will pay $300M to settle Credit Suisse case
The payment, which UBS inherited when it acquired Credit Suisse, resolves consumer-relief commitments that Credit Suisse agreed to in 2017.
CFPB staffer alleges misconduct in Townstone redlining suit
New CFPB leadership allegedly uncovered what attorneys call targeting of Townstone Financial based on its speech.
New FHA citizenship, residency requirements apply to reverse mortgages
Rules that restrict FHA-backed financing to U.S. citizens and permanent residents applies to reverse mortgages — with interesting details.
Mortgage leaders react to FHFA’s ending of SPCPs: ‘We need more information’
The end of special purpose credit programs could limit targeted financial assistance options for underserved or disadvantaged groups.
Pennsylvania AG moves to dismiss Moore membership suit against NAR
The Pennsylvania Real Estate Commission has moved to dismiss the Moore suit, which alleges antitrust violations and discrimination claims.
eXp rides Clear Cooperation to international growth
While Robert Reffkin and Compass are touting their success while pushing for the repeal of the National Association of Realtors’ (NAR) Clear Cooperation Policy, eXp Realty executives are claiming that the North American MLS system is helping to fuel their company’s strong international growth.
NAR, Phoenix Realtors settle dispute over three-way agreement
The Phoenix Association of Realtors (PAR) has blinked first in its game of chicken with the National Association of Realtors (NAR).
The groups announced Thursday that they’ve come to an agreement that will pare down PAR’s membership option to agents who are not Realtors, bringing PAR into compliance with NAR’s bylaws.
