A national ban on seller-funded downpayment assistance programs linked to third-party reimbursements has gone into effect. The ban, which took effect Oct. 1 with the beginning of the new fiscal year of the federal government, had been fought by several nonprofit groups that provided assistance to consumers. Opponents of the ban estimate that 50,000 homeowners a month could be knocked out of the housing market because of the ban.
Higher mortgage rates and affordability pressure prompts Fitch Rating's revision from 'neutral' to 'deteriorating'
A California appellate court reversed a lower court's dismissal of a lawsuit over CrossCountry's alleged 2021 raiding of a Seattle-area branch.
HUD said its Office of Fair Housing and Equal Opportunity has reduced a Biden administration case backlog by 27% and accelerated investigations.
Bill Greenberg and Mat Ishbia held a video chat on June 11. The companies disputed the outcome, but in the end, UWM did not make a new proposal for Two Harbors.
Third-party originators support tightening some standards but say greater flexibility and coordination could help the market avoid disruption.
But moderating price growth and friendly building policies in many markets hint at emerging affordability for aspiring buyers, Zillow said.
