January 2026

Rocket Companies hit with class-action lawsuit alleging steering, home-price inflation

Detroit-based Rocket Companies was hit with a class-action lawsuit on Monday that accuses one of the nation’s largest mortgage lenders of steering consumers to their loan products, “even though Rocket Mortgage‘s terms are disadvantageous to the clients.” The suit was filed in the U.S. District Court for the Eastern District of Michigan. The plaintiffs are […]

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Policy clash: how two housing policies blend to price out millions

It goes with the insanity of today’s U.S. housing affordability crisis that two rights can make a wrong. Two federal policies — each designed to lower the lifetime operating cost of owning a home — can instead combine to raise the barrier to entry so high that millions of households never get through the front

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Jason Mitchell Group adds LitFinancial to referral network

The Jason Mitchell Group (JMG) said it has added mortgage brokerage LitFinancial to its network of business-to-business partners. LitFinancial was founded in 2024 and has closed more than $1 billion in client volume since launching — providing mortgage services and working with homebuyers nationwide. “JMG is proud to partner with LitFinancial, who provide a world-class

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HUD orders housing agencies to verify tenant eligibility

The Department of Housing and Urban Development (HUD) has ordered public housing authorities and property owners participating in federal housing programs to verify tenant eligibility as it relates issues including undocumented immigration. HUD Secretary Scott Turner said the directive is part of a broader effort to review eligibility and compliance in HUD-assisted housing. “We will

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New real estate certification spotlights agents committed to consumer protection

Transparency is sweeping the housing industry with everyone from trade associations and brokerage leaders to agents and consumers claiming they want more transparency in the home buying and selling process.  For agents looking to up their commitment to transparency, Housing Rebel by Selling Later, a group created by Consumer Policy Center (CPC) fellow Wendy Glich,

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Onity targets $150M debt raise via PHH subsidiaries

Onity Group — the parent company of PHH Mortgage Corp. and its subsidiary, Liberty Reverse Mortgage — plans to raise $150 million through a debt offering to qualified investors via two of its subsidiaries, the company announced Monday. PHH Corp. and PHH Escrow Issuer LLC are offering senior notes due in 2029 at an interest

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Samara installs its first modular home for Altadena wildfire victims

Samara, a California-based manufacturer of accessory dwelling units (ADUs), installed its first modular home for wildfire victims in Altadena, Calif., on Thursday, in partnership with nonprofit organization Steadfast LA.  The installation, which took place last week, is part of a local rebuilding effort in response to the damage caused by the Eaton Fire and Palisades

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How to Become a Luxury Real Estate Agent

Many newly licensed and experienced agents are drawn to the allure of selling luxury homes. Reality TV makes selling luxury real estate look sexy and glamorous, plus there’s the appeal of a larger paycheck. While it certainly can be all those things, breaking into the luxury market and becoming a luxury real estate agent takes

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Down payment assistance programs top 2,600 in Q4 2025

Down Payment Resource (DPR) on Monday released its Q4 2025 Homeownership Program Index (HPI) report, identifying 2,619 down payment assistance (DPA) programs available nationwide. The count is five fewer compared to the third quarter but represents a 6% increase from Q4 2024, when 2,466 programs were available. The year-over-year growth reflects continued expansion and refinement

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Home-sale cancellations hit record as buyers walk away

High prices and more options have pushed home-sale cancellations to a record level, new industry data shows. Processing Content Roughly 40,000 home-purchase agreements were canceled in December, according to a report from Redfin. That’s 16.3% of homes that went under contract, up from 14.9% a year earlier and the highest December rate in records dating

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