Sen. Hillary Rodham Clinton, D-N.Y, has introduced another Federal Housing Administration reform bill to enable the FHA to offer zero-downpayment loans, pay its staff better, and increase its investment in technology.In April, the New York senator introduced a bill (S. 2597) that would increase the FHA single-family loan limit in high-cost areas to the $417,000 conforming loan limit. Her new bill (S. 3173) would increase the FHA multifamily loan limit in high-cost areas. "We thank Senator Clinton for her commitment to empowering FHA and providing affordable housing, and we applaud her for her leadership on this important issue," said Mortgage Bankers Association chairman Regina Lowrie.
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The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25