MBA urges overhaul of mortgage rules in letter to OMB

The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. These include regulations tied to servicing, the Real Estate Se
Read MoreFHA cites AI emergence as it ‘archives’ inactive policy documents

The technology posture of the federal government’s housing apparatus has been a hot topic of discussion for years. Advocates have advised — and sometimes warned — of the need to modernize the tech infrastructure at government housing agencies.With the dawn of artificial intelligence (AI) and its inc
Read MoreRedfin stockholder files suit over disclosures in Rocket deal

While much of the housing industry views Rocket Companies’ proposed acquisition of Redfin as a foregone conclusion at this point, at least one common stock holder is saying not so fast. On Friday in U.S. District Court in Seattle, plaintiff Jason Morano filed a lawsuit accusing the two companies of
Read MoreHUD secretary defends repeal of fair housing rule

In a strongly worded op-ed, U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner defended the recent repeal of the Affirmatively Furthering Fair Housing (AFFH) rule.Turner argued in The Gazette, an Iowa-based newspaper, that AFFH represented a federal overreach into local ho
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