California Gov. Gavin Newsom announced his support for new legislation designed to ensure that homeowners lenders benefit from the interest earned on insurance payouts, particularly those impacted by the recent Los Angeles County destructive wildfires. California law...
A labor union representing workers in the Consumer Financial Protection Bureau (CFPB) has filed two lawsuits against Acting Director Russ Vought’s efforts to stop work at the regulatory agency. Axios reports the National Treasury Employees Union (NTEU) filed its...
Only 15% of California homebuyers could afford to purchase a median-priced, existing single-family home in the state during the fourth quarter of 2024, according to the latest data from the California Association of Realtors’ Housing Affordability Index. This is down...
The Mortgage Bankers Association (MBA) is partnering with the Pension Real Estate Association (PREA) Foundation in an endeavor to encourage college students to consider careers in the commercial real estate finance industry. The partnership will highlight MBA’s and...
Russ Vought, the new acting director of the Consumer Financial Protection Bureau (CFPB), has informed the Federal Reserve it will not be requesting funds to finance its operations for Fiscal Year 2025 while informing the agency’s workforce that its headquarters will...
Hits and Misses for the Real Estate Week of May 4-8
