• NAR slapped with second class-action lawsuit to end buyer broker compensation
    by jguerin@housingwire.com on April 18, 2019 at 7:36 pm

    A second class-action lawsuit has been filed in protest of the buyer broker compensation rules set forth by the National Association of Realtors. The suit alleges that NAR and MLS providers violated federal antitrust laws by requiring property sellers to pay the buyer’s broker an inflated fee, a claim NAR called “completely without merit” as it vowed to defend its policies in court. […]

  • HUD seeks to end public housing aid for undocumented immigrants
    by jguerin@housingwire.com on April 18, 2019 at 3:58 pm

    The Department of Housing and Urban Development proposed a rule Wednesday that would end public housing aid for undocumented immigrants. An administration official told The New York Times that the rule would ensure that only American citizens receive housing assistance from HUD, putting an end to a loophole that did not require some aid recipients to prove citizenship. […]

  • Freddie Mac: Mortgage rates continue to rise, but remain below 2018 levels
    on April 18, 2019 at 2:31 pm

    Mortgage rates rose for the third consecutive week without regaining the level they were at before a late March plunge, but rates are still well below where they were a year ago. […]

  • Quicken Loans will now let Vrbo hosts use rental income to refinance their mortgage
    by blane@housingwire.com on April 17, 2019 at 8:52 pm

    A little over a year ago, Airbnb partnered with some of the nation’s largest mortgage players, including Fannie Mae and Quicken Loans, to allow hosts using the short-term rental platform to use income from their rentals to refinance their mortgage. Now, Quicken Loans is at it again; this time partnering with Vrbo to allow users of that platform to use rental income earned through that short-term rental platform to refinance their mortgage. […]

  • Want to sell your home for more? Go green
    on April 17, 2019 at 7:06 pm

    Going green pays, especially if you’re trying to sell your home, according to a recent Zillow analysis. The study found that homes with solar energy systems sold for 4.1% more on average than their counterparts in 2018. […]

  • Real estate startup Reali acquires online lender Lenda, expands into mortgages
    by blane@housingwire.com on April 17, 2019 at 6:02 pm

    Reali, a flat-fee real estate startup that operates in California, is following the path laid out by other tech-focused real estate companies like Zillow, Redfin, and Opendoor and getting into the mortgage business. Reali announced Wednesday that it acquired Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. […]

  • Freddie Mac invests $50 million in affordable housing in rural, underserved areas
    by cbasile@housingwire.com on April 17, 2019 at 4:52 pm

    Freddie Mac announced Wednesday it closed a Low-Income Housing Tax Credit fund with CAHEC and initiated several investments within the fund, totaling $50 million, for affordable rental housing in the Middle Appalachia area of the U.S. […]

  • Here’s how to win the HousingWire Women of Influence award
    on April 17, 2019 at 2:03 pm

    It’s that time of year again – the time when we celebrate how women have changed the housing industry, paved a path for those who came after them and continue to lead the industry. But before you nominate your candidate, click the headline to take a look at answers to frequently asked questions and a few tips on how to win the award. […]

  • This is how America’s housing affordability is impacting credit quality
    on April 16, 2019 at 9:29 pm

    It’s official: The era of unusually affordable housing has ended. Well, according to a recent Moody’s Investors Services analysis. The organization claims that America’s housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors. […]

  • CBRE names Leah Stearns CFO
    by cbasile@housingwire.com on April 16, 2019 at 6:42 pm

    Commercial real estate giant CBRE announced that Leah Stearns will be joining the company as its next chief financial officer. Stearns is stepping into the role as the company’s current CFO, James Groch, transitions his focus on responsibilities as the company’s global group president and chief investment officer. […]