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Massachusetts Debuts Green Bank Aimed at Affordable Housing

Massachusetts Debuts Green Bank Aimed at Affordable Housing

by Phil Hall | Jun 13, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Massachusetts Gov. Maura Healey has unveiled the Massachusetts Community Climate Bank, which is promoted as the nation’s first green bank dedicated to affordable housing. This new endeavor is financed with $50 million from the state’s Department of Environmental...
Better.com Shutters Its Real Estate Business

Better.com Shutters Its Real Estate Business

by Phil Hall | Jun 12, 2023 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Fintech mortgage lender Better.com has abruptly shut down its real estate business. According to a TechCrunch report, the company laid off its entire real estate division on June 7 and will shift operations from an in-house agent model to a partnership agent model....
NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

NFHA Calls for Restoration of Fair Housing Funds Cut in Debt Ceiling Deal

by Phil Hall | Jun 12, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The National Fair Housing Alliance (NFHA) is calling on Congress and the Biden administration to restore fair housing spending levels that were jettisoned in the recently completed federal debt ceiling agreement. “The National Fair Housing Alliance is extremely...
Feds Seek Input on Proposed Guidance on Real Estate Reconsiderations of Value

Feds Seek Input on Proposed Guidance on Real Estate Reconsiderations of Value

by Phil Hall | Jun 8, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Five federal regulatory agencies have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. “The proposed guidance advises on policies that financial institutions may implement to allow...
Mortgage Application Activity Down for Fourth Consecutive Week

Mortgage Application Activity Down for Fourth Consecutive Week

by Phil Hall | Jun 7, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year

MBA Names Christine Chandler as Vice Chairwoman for 2024 Membership Year

by Phil Hall | Jun 7, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Mortgage Bankers Association (MBA) announced the nomination of Christine Chandler to serve as the organization’s vice chairwoman for the 2024 membership year. Chandler is executive vice president, chief credit officer and chief operating officer with M&T...
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