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Related Articles
Key insight: A bipartisan housing bill aims to open up funds for local housing projects, especially in the manufactured housing space. What's at stake: The bill also includes a handful of community bank riders, including measures related to regulatory treatment of brokered and custodial deposits. Forward look: The housing bill will now...
2026-06-23
California lawmakers said they have agreed to place an $11.3 billion housing bond on the ballot this November, aiming to expand affordable housing and homeownership.Processing ContentThe proposal, Senate Bill 417, includes $10 billion of general obligation bonds for affordable housing programs and $1.25 billion of self-supporting revenue bonds for the...
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Ralo, which claims to be the first artificial intelligence mortgage broker, has started business, having completed a $2.9 million seed round.Processing ContentIts investors include Y Combinator, Manresa Ventures and Pack Ventures, along with angels such as Charles Ferguson (director of Inside Job, a documentary about the Great Financial Crisis) and...
2026-06-22
The mortgage and housing industry's wish list for revisions to the latest Basel proposal includes requests for change to the rule set's loan-to-value ratio and rental-property distinctions.Processing ContentPart of the proposal calls for risk weights to "rise as high as 110% for loans with LTVs above 100%" when "repayment depends...
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