The House Financial Services Committee has advanced legislation that would substantially reshape the Consumer Financial Protection Bureau, sending a broad package of funding, supervision, rulemaking and enforcement changes to the full House. The committee voted 28-21...
The FBI is seeking information from investors in Lurin LLC and companies affiliated with founder Jon Venetos, adding a federal investigation to the mounting financial and legal problems surrounding the Texas-based multifamily operator. An FBI questionnaire says people...
WT Realty Group has agreed to go public through a business combination with blank-check company FortuneX Acquisition Corporation, a late-Friday transaction that values the integrated real estate platform at approximately $600 million and would bring another...
A federal appeals court has refused to reconsider its dismissal of an appeal in the proposed class action accusing Realtor.com operator Move Inc. and related companies of selling real estate agents allegedly fake or deficient leads. The U.S. Court of Appeals for the...
Federal Housing Finance Agency Director Bill Pulte said Friday that Fannie Mae and Freddie Mac are stepping up purchases of mortgage-backed securities, signaling a renewed push by the government-sponsored enterprises to add demand to a market confronting mortgage...