Bloomberg News Key Insight: The Justice Department told a federal court that an existing preliminary injunction does not require the acting director to request funding. What’s at Stake: Acting CFPB Director Vought has said the agency will run out of money in early 2026 and all employees will be furloughed, placed on mandatory, unpaid leave. […]
DOJ says CFPB’s preliminary injunction cannot be modified Read More »
Shared-appreciation contract provider Hometap announced a new capital raise this week, which comes at the end of a year when several tailwinds helped fuel growth for equity investment products and loans. The Boston-based home equity investment platform this week secured $50 million in new funding led by affiliates of Gallatin Point Capital. The company plans
Hometap’s new funding caps a big year for HEI growth Read More »
Many Americans in the housing market fear a real estate downturn in the new year, while nearly all anticipate challenges, a new consumer survey shows. Forty percent of Americans planning to buy or sell a home in 2026 worry about a potential market crash, and 98% of them expect challenges, according to a new report from
Buyers and sellers fear housing market crash in 2026 Read More »
A court’s ruling in a closely watched case involving New York’s six-year statute of limitations puts pressure on related parties to confirm that the entity initiating a foreclosure lawsuit is a noteholder with standing. The New York Court of Appeals ruled in Article 13 LLC vs. Ponce De Leon Federal Bank that an interpretation of
Ruling reshapes foreclosure challenges in New York Read More »
Bloomberg News What’s at Stake: Acting CFPB Director Russell Vought is dismantling the Consumer Financial Protection Bureau. He had refused to respond to any questions about his actions from Democrats. Supporting Data: The Dodd-Frank Act requires that the CFPB director appear twice a year before the Senate Banking Committee. Forward Look: The lawmakers acknowledge that
Democrats want CFPB’s Vought to testify before Congress Read More »
Mortgage credit availability ended November at its loosest since August 2022, driven by additions of adjustable rate and cash-out refinance products to lenders’ menu, the Mortgage Bankers Association said. The 0.7% month-to-month rise in the Mortgage Credit Availability Index continues a streak which for every month in 2025 except January it was above the 100
ARM, refi products widen credit access Read More »
Home Depot Inc. is offering cautious preliminary guidance for next year, a sign that the home-improvement retailer doesn’t anticipate the housing market to rebound in the short term. The company expects comparable sales growth to be in a range of flat to up 2% for the year — below the average of estimates compiled by
Home Depot gives cautious preliminary forecast for next year Read More »
Key insight: Banks may now execute crypto transactions on behalf of counterparties in the same manner as they execute trades through a securities brokerage. Supporting data: Interpretive Letter 1188 affirms that market risk is minimized through near-instant offsetting trades, leaving banks with only limited credit exposure. Forward look: Comptroller Gould has been highlighting the value
OCC says banks may broker crypto assets for customers Read More »
Freddie Mac is updating its guidelines to include explicit language requiring mortgage companies to establish a clear artificial intelligence framework governing the technology’s internal use. The new rules become effective on March 3, 2026 and mandates compliance with the policy for businesses using AI and machine-learning tools in connection with loans sold to or serviced
Freddie Mac issues updates mandating AI governance Read More »
When Zillow Group Inc. removed climate risk scores from its home listings last month, following a complaint from the real estate industry, many observers took to the press and social media to warn that disappearing the data doesn’t get rid of the risk. In a world assailed by extreme weather, homeowners and purchasers need to know their property’s vulnerability to
Zillow deleting home climate risk scores reveals limits of flood, fire data Read More »