Despite rumors earlier this year that the Federal Trade Commission (FTC) was investigating Zillow and Redfin over their $100 million rental syndication deal, the announcement that the FTC was suing the two companies still carried an element of surprise. “This shows that the Federal government is still looking hard at the realty space,” Chuck Cain, […]
Why the FTC is targeting Zillow and Redfin’s rental deal Read More »
Zillow and Redfin are facing yet another lawsuit related to their multifamily rental syndication deal. On Wednesday, attorneys general in Virginia, Arizona, New York, Connecticut and Washington filed a lawsuit in U.S. District Court in Alexandria, Virginia, that makes claims identical to those alleged by the the Federal Trade Commission (FTC) in its lawsuit filed
5 states sue Zillow, Redfin over $100M agreement after FTC suit Read More »
Title insurance firms gearing up for the implementation of the Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule can slow their efforts. On Tuesday, FinCEN announced that it was postponing the implementation of the policy from Dec. 1, 2025, to March 1, 2026. The rule requires title firms to
FinCEN delays implementation of anti-money laundering rule Read More »
Under the Trump administration, the Consumer Financial Protection Bureau (CFPB) has been winding down enforcement actions against lenders and servicers while opening only two new cases. On Sept. 18, the Bureau terminated consent orders against Washington Federal Bank, Planet Home Lending, Apple Inc. and U.S. Bank National Association. The cases spanned mortgage rules, credit cards
CFPB ends multiple lender consent orders, opens few new cases Read More »
Douglas Elliman is being investigated over the alleged potential acquisition by Anywhere, according to a report published by Reuters on Wednesday. The report cited letters related to the matter seen by Reuters and conversations with three people familiar with the issue. According to these sources, Douglas Elliman is under scrutiny for potential insider trading related
Douglas Elliman investigated over insider trading: Reuters Read More »
With the National Flood Insurance Program (NFIP) set to expire Sept. 30, just as hurricane and wildfire seasons collide with the threat of a federal government shutdown, uncertainty is mounting for homeowners, insurers and the housing market. The NFIP has faced repeated short-term extensions and lapses, including under the Biden administration two years ago. Between
NFIP set to expire as shutdown, disaster seasons collide Read More »
As lenders look to modernize their quality control operations, many are exploring the potential of artificial intelligence to streamline processes, improve loan quality and reduce risk. In this executive conversation, HousingWire spoke with Trevor Gauthier, CEO of ACES Quality Management, about how QC has evolved over time, how AI is reshaping expectations and what lenders
The future of QC: AI, innovation and the human element Read More »
Amid a new administration and new lending rules entering the arena, 60% of organizations say they are struggling to keep systems aligned with evolving federal and state rules. That’s according to new survey findings from Carleton, a provider of compliant loan calculation and disclosure solutions. The company evaluated the extent to which lenders face ongoing
Mortgage compliance challenges affect 60% of lenders Read More »
On Tuesday, Federal Housing Finance Agency (FHFA) Director Bill Pulte took to X to announce the agency’s termination of the advisory committee on affordable, equitable and sustainable housing, also known as ACAESH. “Effective Immediately, U.S. Federal Housing is TERMINATING Biden’s ‘racial equality committee’ which was dishonestly labeled ‘Affordable, Equitable, and Sustainable Housing.’ We are, instead,
Pulte says FHFA is terminating equitable housing committee Read More »
The Trump administration asked the Supreme Court on Thursday to issue an emergency order that would allow for the removal of Lisa Cook from the Federal Reserve’s board of governors. The move came after an appeals court refused to back the administration’s attempt to oust Cook earlier this week, upholding federal Judge Jia Cobb’s order last
Trump asks Supreme Court to uphold firing of Fed governor Cook Read More »