The highest-ranking enforcement official at the Consumer Financial Protection Bureau (CFPB) has resigned with an angry rebuke of how the Trump administration is treating the agency. Acting Enforcement Director Cara Petersen said the administration “has no...
Housing and Urban Development (HUD) Secretary Scott Turner took to X with photographs showing the level of vandalism inflicted on his department’s Los Angeles office building by the rioters who have disrupted the city’s downtown area and shut down the...
Real estate investors accounted for 10.8% of home sellers in 2024, a record high level, according to a new data report from Realtor.com. Last year, 13.0% of homes were bought by investors, a slight increase from 2023 but below the 2022 peak of 13.3%. On the sell side,...
After three weeks of declining activity, a new boost of mortgage applications occurred during the week ending Jun 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
A Colorado house flipper was indicted by a grand jury on 11 counts of securities fraud. According to the charges brought against him, Mack Jamie Sprouse solicited approximately $4.8 million from at least 80 investors in his house-flipping business, Urban Veneer...
A North Carolina foundation created to assist realtors in need has removed “realtors” from its name. The Wilmington Business Journal reports the Wilmington Realtors Foundation is now called the Housing Foundation of Southeastern North Carolina. 501(c)(3)...
Homeownership Affordability Near 4-Year High, But Can it Last?
