HousingWireHousingWire As Los Angeles County continues to pick up the pieces from the devastation caused by the Palisades and Eaton wildfires, some in the community are losing patience with what had previously been a quirk of the sought-after housing market: unscathed homes in impacted areas sitting vacant, owned by foreign…
Continue reading →HousingWireHousingWire This week, the leading indicator of price reductions is more bearish for home prices. The share of homes on the market with price reductions ticked up this week, which is unusual this early in the season. Potential home sellers notice weak demand, fewer offers and price reductions, prompting them…
Continue reading →HousingWireHousingWire A top law firm is investigating the role of appraisal management companies (AMCs) in driving up appraisal costs. The firm is asking homebuyers to contact them if they feel they’ve been overcharged or misled about how much of the appraisal fee goes to an AMC versus how much goes…
Continue reading →HousingWireHousingWire The National Treasury Employees Union, which represents federal employees in 37 federal agencies and offices, has filed suit against Russell Vought, the director of the White House Office of Management and Budget (OMB), over actions he has taken to scale back the activities of the Consumer Financial Protection Bureau…
Continue reading →HousingWireHousingWire A California jury on Friday dismissed the final headline-grabbing claims former loanDepot chief operating officer Tammy Richards made against the lender in 2021. Richards filed a lawsuit in September 2021 alleging that she was discriminated against by the lender, its former CEO Anthony Hsieh and former general counsel Peter Macdonald after…
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