New legislation introduced by Democrats in both chambers of Congress seeks to prevent hedge funds from purchasing single-family homes. The End Hedge Fund Control of American Homes Act of 2023 was presented in the House by Rep. Adam Smith (D-WA) and in the Senate by...
The U.S. Department of Housing and Urban Development (HUD) announced new initiatives during this week’s U.N. Climate Conference (COP28) to address clean energy in the housing market. Among the initiatives is memorandum of understanding (MOU) with the U.S. Department...
The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...
The Conference of State Bank Supervisors (CSBS) announced the appointment of Brandon Milhorn as its next president and CEO, effective Dec. 4. He succeeds James M. Cooper, who is retiring. Milhorn is currently deputy to Travis Hill, vice chairman of the Federal Deposit...
The Mortgage Bankers Association (MBA) has awarded $156,463 in scholarships to 179 industry professionals under its Path to Diversity (P2D) Scholarship Program during the 2023 fiscal year that ended on Sept. 30. The scholarships were given to industry professionals...
The Mortgage Bankers Association (MBA) has promoted Rachel Kelley to vice president of legislative affairs. In her new job, Kelley will be responsible for advocating on behalf of MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on...
Zillow CEO, Directors Sued Over Redfin Deal and $81M in Stock Sales
