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Related Articles
The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales and cut levies on investments ahead of the midterm election — changes that would disproportionately flow to some of the wealthiest US households.Processing ContentNational Economic Council Director Kevin...
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Newrez has agreed to a $15.5 million settlement with state regulators over allegations it wrongly imposed force-placed insurance on thousands of borrowers who already had homeowners' policies.Processing ContentThe Conference of State Bank Supervisors announced the deal Wednesday, which includes $4,511,242 in remediation for affected homeowners. The servicer will pay a...
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The Mortgage Bankers Association supports the Department of Housing and Urban Development's proposal to loosen the permanent chassis requirement for manufactured homes, but the change will do little for lenders unless appraisal policy moves alongside, the group added in a comment letter.Processing ContentThe trade group described the proposal as a...
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Rising prices and mortgage rates are keeping buyers out of the housing market, resulting in July recording the fewest residential property sales in nearly two years, a new industry report found.Processing ContentHome sales fell 4.1% month over month and 0.6% on an annual basis in July, according to Redfin. Pending...
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