A new report from the Council of Economic Advisers (CEA) estimates that the Consumer Financial Protection Bureau (CFPB) has imposed $237 billion to $369 billion in cumulative costs on U.S. consumers since its creation in 2011, largely through higher borrowing costs. For 2024 alone, the report estimates $24 billion to $38 billion in costs. The […]
CEA analysis weighs CFPB’s economic impact Read More »
PropLogix has launched a reporting service through the Financial Crimes Enforcement Network (FinCEN), offering help for title agents to comply with new federal rules. The Department of the Treasury’s Residential Real Estate Reporting Rule mandates reporting on certain residential property purchases made on or after March 1, 2026, when entities or trusts buy them without
PropLogix launches FinCEN reporting service for title agents Read More »
Title agents nationwide are preparing for a sweeping new federal reporting mandate to take effect — and WFG National Title Insurance is rolling out tools to ease the transition. The Financial Crimes Enforcement Network’s (FinCEN) Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule will require reporting on certain non-financed, all-cash transfers of residential real
WFG National Title launches FinCEN reporting solution Read More »
The U.S. appraisal industry is facing a myriad of issues: a workforce shortage, rising regulatory scrutiny and new technology requirements that could reshape the profession altogether. Jim Park, the president and CEO of Collateral Risk Network and a certified general appraiser, spoke with HousingWire about the challenges facing the industry. He spoke about the declining
Jim Park on appraisal workforce shortage and regulatory shifts Read More »
The National Reverse Mortgage Lenders Association (NRMLA) has voiced formal support for New Jersey Senate Bill 4970 — urging lawmakers to advance legislation that would clarify how reverse mortgages are treated under the state’s secondary mortgage law. In a letter sent to State Sen. Joseph Lagana, the association said the bill would exempt reverse mortgage
NRMLA backs New Jersey bill clarifying reverse mortgage rules Read More »
The Department of Housing and Urban Development (HUD) issued new guidance that clarifies how appraisers are added to, maintained on and removed from the FHA Appraiser Roster. Mortgagee Letter 2025-24 — effective immediately — updates FHA policy to make appraiser eligibility easier to track and more consistent with federal and state licensing records. Changes apply
HUD tightens rules for FHA appraiser roster Read More »
President Donald Trump’s new executive order that creates a single federal framework for artificial intelligence (AI) is reverberating throughout the housing industry. While states have been moving to regulate AI tools used in home pricing, marketing, tenant screening and mortgage decisions, the new order asserts federal authority over AI regulation. The Department of Justice (DOJ)
Will federal AI regulations override state housing efforts? Read More »
Ncontracts, a provider of compliance, risk and vendor management solutions for the financial services industry, released a new survey Tuesday that examines how institutions are managing evolving compliance expectations in 2026. The survey, “The Future of Compliance: Benchmarking the People, Processes, and Pressures Shaping Compliance in 2026,” included responses from 183 financial institutions across various
2026 mortgage compliance trends show staffing strains, regulatory risks Read More »
BBB National Programs’ Digital Advertising Accountability Program (DAAP) has worked with Zillow Group to bring several of the company’s major brands into compliance with industry rules governing interest-based advertising. DAAP said it initiated a routine review of Zillow.com and detected third-party tracking activity used for targeted advertising. That prompted a broader examination of Zillow Group’s
Zillow updates sites, apps after watchdog flags ad disclosure gaps Read More »
Al Drago/Bloomberg What’s at Stake: The bureau acknowledges that the elderly, minorities and people with low incomes may be harmed by the changes. Expert Quote: The proposed rule “will effectively invite a return to redlining and exclusion,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. Key Insight: The CFPB claims the
CFPB to gut indirect discrimination in civil rights rule Read More »