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Regulatory Compliance

Arizona homebuilders challenge groundwater restrictions

Arizona, Climate Change, homebuilder, Homebuilders, HWmember, Real Estate, Regulatory, Regulatory Compliance /

As Arizona grapples with rapid growth and a changing climate, long-standing groundwater regulations are being tested in courtrooms, boardrooms and booming desert suburbs. Developers and regulators are locked in a deepening dispute over how to manage the state’s finite water supplies — with the future of real estate, agriculture and sustainability hanging in the balance. […]

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FHFA plans to eliminate GSEs’ equitable housing finance plans

Fair Lending, Fannie Mae, FHFA, Freddie Mac, Government Lending, HWmember, Mortgage, Regulatory Compliance /

The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac

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Michigan title agents suspended over escrow allegations

Detroit, HWmember, Lawsuit, Legal, Michigan, Real Estate, Regulatory, Regulatory Compliance, Title, Title insurance /

Two Oakland County, Michigan, title insurance agents have had their licenses suspended following allegations of misappropriating millions in escrow funds. The agents are also accused of failing to cooperate with auditors and a state investigation — as well as contributing to at least one homeowner’s foreclosure, according to a local news report. The Michigan Department

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California creates office dedicated to housing, homelessness issues

Affordability, California, Home Prices, Homebuilders, Homelessness, Housing Inventory, Housing Market, HUD, Politics, Regulatory, Regulatory Compliance /

In a move to overhaul how California manages its housing and homelessness response, Gov. Gavin Newsom has proposed to divide the state’s Business, Consumer Services and Housing Agency into two distinct entities — the California Housing and Homelessness Agency (CHHA) and the Business and Consumer Services Agency. With no veto coming from the California State

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Federal regulators scrap 2023 CRA rule

Community Reinvestment Act, Federal Deposit Insurance Corporation, Federal Reserve, HWmember, LendingLife, Mortgage, Office of the Comptroller of the Currency, Regulatory, Regulatory Compliance /

Three federal banking regulators announced on Wednesday the rescission of the Community Reinvestment Act (CRA) final rule issued in October 2023. The decision made by the governing boards of the Federal Reserve System, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) will result in the agencies reinstating

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State AGs oppose HUD’s plan to roll back fair housing marketing rules

Affordable housing, California, Discrimination, Fair Housing, Housing Market, HUD, HWmember, Marketing, Regulatory, Regulatory Compliance /

California Attorney General Rob Bonta — along with a coalition of 20 other attorneys general — is urging the U.S. Department of Housing and Urban Development (HUD) to abandon a proposed rule that would eliminate federal requirements prohibiting discriminatory marketing of affordable housing. In a letter sent to HUD on Thursday, the attorneys general argued

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What agents must know about telemarketing consent

Brokerage, Compass, Compliance, HWmember, Keller Williams, Lawsuit, Legal, Marketing, Real Estate, Real Estate Agents, Regulatory Compliance /

As class-action lawsuits continue against major real estate brokerages for alleged telemarketing violations, firms of all sizes are under increasing pressure to strengthen their compliance practices. According to attorney Michele Shuster, a founding partner of Mac Murray and Shuster LLP, staying within the bounds of federal and state telemarketing laws isn’t just a legal necessity

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Mayors back Realtor.com’s campaign to address the housing crisis

Affordability, Homebuilders, Housing Inventory, National Association of Realtors, Politics, Real Estate, Realtor.com, Regulatory Compliance /

The U.S. Conference of Mayors formally endorsed a bipartisan statement to support the Let America Build campaign — a housing policy initiative backed by Realtor.com — during the organization’s annual meeting in Tampa on Sunday. The resolution — introduced by Austin Mayor Kirk Watson — acknowledges the mounting housing affordability crisis, and it calls for

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NAMB issues support for CHLA white paper on LO compensation

CFPB, Community Home Lenders of America, HWmember, Loan Officer, Mortgage, NAMB, Regulatory, Regulatory Compliance /

The National Association of Mortgage Brokers (NAMB) on Monday issued a letter of support for the Community Home Lenders of America (CHLA)’s white paper on LO compensation reform. CHLA‘s white paper, released last week, urged Congress to roll back the loan originator compensation rule to focus on its original purpose — a ban on yield

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FHA rescinds 12 policies as Trump pushes to cut red tape

Appraisals, FHA, FHA loan, Flood, Government Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Underwriting /

As part of the Trump administration’s broader effort to cut regulatory burdens, the Federal Housing Administration (FHA) on Friday announced the rescission of 12 policies related to appraisal protocols, underwriter employment, flood risk management and other areas.  Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA,

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