Microsoft is putting up $500M to help affordability crisis in Seattle

Microsoft announced Wednesday a plan to invest $500 million in affordable housing solutions for Seattle and the Puget Sound area in Washington, to alleviate the stress tech job growth is putting on the housing market.

Government raises fines for RESPA violations

The Consumer Financial Protection Bureau (CFPB) is raising the price of its fines to adjust for inflation, including penalties for violations of the Real Estate Settlement Procedures Act (RESPA). The new fine amounts became law when they were entered into the Federal Register on Jan. 12. 

NYC mayor sues Manhattan brokerage over allegedly illegal short-term rentals

The New York City Mayor’s Office of Special Enforcement filed a lawsuit Monday against a Manhattan-based brokerage and property management firm, accusing it of converting units at least five properties it manages or owns into illegal short-term rentals, including an entire building in East Harlem.

Flood insurance freeze halts thousands of US home sales

The Federal Emergency Management Agency ruled Thursday it will not approve new or renew existing flood insurance plans during the government shutdown.

How the government shutdown is impacting homebuyers

A partial shutdown of the U.S. Government has entered its sixth day as both Democrats, Republicans and President Donald Trump dig in their heels over partial funding for a wall or partition structure along a small portion of the U.S. southern border an…

Fed raises interest rate for the fourth time in 2018

The Fed’s increase sets a target range for the federal funds rate of 2.25 percent to 2.5 percent. The increase of 25 basis points came as the “labor market has continued to strengthen and that economic activity has been rising at a strong rate,” according to a statement from the Fed.

Housing market expected to stabilize in 2019: Fannie Mae

Economic growth is expected to slow in 2019 which means stabilizing home sales and mortgage rates in the new year, according to Fannie Mae’s economic and strategic research group. 

Will Trump’s new housing finance director privatize Fannie and Freddie?

The Trump administration is preparing to nominate Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing Fannie Mae and Freddie Mac.

Will Trump’s new housing finance director privatize Fannie and Freddie?

The Trump administration is preparing to nominate Mark Calabria to head the Federal Housing Finance Agency, the agency tasked with overseeing Fannie Mae and Freddie Mac.

Say hello to your new CFPB director, Kathy Kraninger

The Consumer Financial Protection Bureau finally has a non-temporary leader. On Thursday, the Senate voted 50-49 along party lines, with no Democrat voting in support, to approve Kathy Kraninger as the new head of CFPB.