HousingWireHousingWire Toledo, Ohio — once off the radar for most real estate investors — has transformed into a housing hotbed. New data shows rising home prices and affordability pressures nationwide turning lower-cost cities like Toledo into magnets for investor activity, pushing prices higher and sometimes edging out local buyers. The…
Continue reading →HousingWireHousingWire Lawmakers in Illinois are considering a significant overhaul of the state’s title insurance regulatory framework through the introduction of S.B. 2648. The new legislation was introduced by state Sen. Bill Cunningham (D). It proposes that all powers, duties, rights and responsibilities under the Illinois Title Insurance Act be transferred…
Continue reading →HousingWireHousingWire Recognizing the rising prevalence of phishing scams — where a bad actor will seek to trick a target into revealing sensitive personal or financial information through fake websites, emails or text messages — the Federal Housing Administration (FHA) has announced it is implementing anti-phishing multifactor authentication (MFA) into FHA…
Continue reading →HousingWireHousingWire Mark McArdle, who left the Consumer Finance Protection Bureau (CFPB) in February, will lead regulatory and public policy efforts at Newrez, the multichannel mortgage lender owned by Rithm Capital. The announcement, made on Thursday, comes amid a court battle to decide the future of the CFPB’s mass workforce reduction…
Continue reading →HousingWireHousingWire Zillow is expanding its listing standards policy to StreetEasy, according to an announcement on Thursday. Purchased by Zillow in 2013, StreetEasy effectively functions as New York City’s MLS, as the metro area does not have an official MLS. According to Zillow and StreetEasy, under the listing standards policy, if…
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