"This bill will hold banks accountable to the local communities where they have branches or do most of their lending,” said Chairwoman Maxine Waters. She added that the legislation would strive to encourage banks’ investment in the communities they serve and to help close the widening racial-wealth gap.
The post Chairwoman Waters Announces Legislation to End Modern-Day Redlining appeared first on theMReport.com.
The top 10 U.S. markets where homebuyers can find stable employment, affordable mortgage payments, and a high quality of life are highlighted in Neighbors Bank's latest list of the Best Cities for...
Glenn Kelman announced on LinkedIn that he's leaving, Redfin which became part of the Rocket Companies in March 2025 when Rocket acquired the brokerage and portal for $1.75 billion. The post...
As AI-fueled gains have kept money flowing through the tech sector, they’ve propped up high-end home demand in technology centers such as San Francisco while helping Sacramento plug a nearly $18...
The support for the Fed Chair comes after he issued a statement on Sunday evening confirming that federal prosecutors had launched a criminal investigation into the $2.5 billion renovation of the...
The request comes after a federal judge's order that CFPB funding cannot lapse and keeps the agency afloat and operating despite efforts by the Trump administration to shrink the CFPB. The post...
Federal Reserve Chair Jerome Powell calls the move “unprecedented,” warning it threatens central bank independence amid tensions over interest rates between the Fed and the White House. The post...
New federal data shows modest price growth nationwide, with gains uneven across regions as the housing market remains cautious. The post FHFA: Home Prices Continue Slow Upward Trend first...
New York Mayor Zohran Mamdani wanted to slow the sale after tenants complained that the seller, Pinnacle Group, had maintained the properties poorly and were worried that the prospective buyer,...
The Federal Housing Director said the Trump administration will offer other measures targeting housing affordability and has already started buying mortgage bonds. The post Pulte Pulls Back on...
The nonpartisan Congressional Budget Office released a new statement on Thursday, predicting that the Federal Reserve will lower short-term rates in 2026 and will settle its benchmark interest...
In the first of a three-part series, the Mortgage Servicing Executive Alliance examines how servicers can deploy artificial intelligence to drive efficiency and borrower engagement while managing...
Stephen Miran, whose term ends this month, told Bloomberg Television's Surveillance program that Fed officials had room to further reduce rates, given his opinion that underlying inflation was...
The president suggested the Fannie Mae and Freddie Mac purchase would reduce borrowing costs, but analysts warn benefits may be short-lived. The post President Trump Orders $200B Bond Purchase in...
Active listings climbed year-over-year in December, but weak buyer demand, slower sales, and falling prices underscored the uneven and regionally divided housing market as 2025 came to a...
Despite modest declines in mortgage rates and quarter-over-quarter improvements in many markets, homeownership remained less affordable than historic norms in nearly every U.S. county in Q4...
Scott Bessent said in a speech he delivered Thursday that the Trump administration is seeking lower interest rates because they are the key to the nation's future economic growth. The post...
The president suggested large investors are crowding out homebuyers. However, the proposal sent housing stocks lower and drew mixed reactions from lawmakers and economists. The post Trump Floats...
To help young Americans looking for a place to settle down and find the best value in terms of cost, availability, amenities, and more, Realtor.com identified the top 10 markets for first-time...
"Our members are at the heart of their communities and work closely with nonprofits and developers who are expanding safe, stable and affordable housing opportunities," said Jeff Kuzbel, FHLBank...
The CFPB said that Regulation Z generally requires creditors to maintain an escrow account for the payment of taxes and insurance on a first-lien higher-priced mortgage loan (HPML), but there are...
