The U.S. Department of Veterans Affairs announced plans to publish a circular that would address the buyer commission prohibition on VA loans. The circular, which is planned to be issued by June 12, would address the changes to broker commissions enacted by the...
The U.S. Department of Commerce has published the Million Women in Construction Community Pledge, a new initiative to encourage more employment of women in the construction workforce. U.S. Secretary of Commerce Gina Raimondo has called on the construction industry –...
Bob Broeksmit is president and CEO of the Mortgage Bankers Association (MBA). This article is adapted and edited from a May 15 speech delivered at the Exchequer Club’s May 2024 meeting. My topic is familiar to many of you. It’s the administrative state—the...
The National Association of Realtors (NAR) is appealing a court ruling that enabled the U.S. Department of Justice (DOJ) to reopen a probe of the organization’s Participation Rule and Clear Cooperation Policy that was resolved in a 2020 settlement. In a filing...
Home sales and prices in Alabama were in decline during April, according to new data from the Alabama Association of Realtors. Last month, a total of 5,164 home sales were recorded in April, down 29.9% from the previous year but also up 3.8% from the previous month....
A total number of 110,000 homeowners were in forbearance plans during April, according to data from the Mortgage Bankers Association (MBA). The total number of loans in forbearance remained unchanged at 0.22% from one month earlier. Last month, the share of Fannie Mae...
Hits and Misses for the Real Estate Week of Aug. 10-14
