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Trump’s executive order unlikely to slow adoption of AI in real estate

Artificial Intelligence, Compliance, Cybersecurity, eXp Realty, HWmember, Mortgage, Real Estate, Regulatory, Technology, Trump administration /

President Donald Trump on Tuesday signed an executive order calling for creation of a voluntary review framework for the nation’s most advanced artificial intelligence (AI) models before public release. It also directs federal agencies to expand AI-powered cybersecurity programs and establish a new government-industry clearinghouse for software vulnerabilities. “Advanced AI capabilities make our Nation stronger, […]

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New York AG probes Compass-Anywhere acquisition

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Compass International Holdings appears to be under investigation by the office of New York state Attorney General Letitia James.  Leaders at other real estate brokerages in New York City have confirmed to HousingWire that James’s office has reached out to request information as part of an inquiry into Compass. The news was first reported by

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As HEI regulations expand, states debate loan classification

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As states take varying approaches to regulating home equity investment (HEI) products, the industry faces an increasingly fragmented legal landscape shaped by consumer protection concerns and uncertainty over whether the products should be treated as mortgage loans. Under an HEI, homeowners receive upfront cash in exchange for a share of the home’s future value, typically

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CFPB prioritizes Reg X, GSE streamline refis as LO Comp hopes fade 

CFPB, Consumer Financial Protection Bureau, HWmember, LendingLife, Loan Officer, Mortgage, Mortgage Bankers Association, Mortgage Servicing, Refinancing, Regulatory /

The Consumer Financial Protection Bureau (CFPB) could finalize changes to its Regulation X servicing rules while creating a regulatory pathway for streamlined refinances through the government-sponsored enterprises (GSEs) by the end of this year, mortgage industry sources told HousingWire. Meanwhile, prospects for changes to the loan originator compensation rule (LO Comp Rule) — particularly revisions

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HUD rescinds FHA, USDA energy efficiency rule for new homes

Energy, FHA, FHA loan, Housing Market, HUD, HWmember, Mortgage, Regulatory, Scott Turner, USDA /

U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner said the agency is rescinding energy-efficiency requirements tied to loans backed by the Federal Housing Administration (FHA) and U.S. Department of Agriculture (USDA). Turner announced the move Tuesday at HousingWire’s The Gathering in Austin. A 2024 rule under the Biden administration had made new

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NYC launches new unit to combat deed theft 

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New York City Mayor Zohran Mamdani has created the Office of Deed Theft Prevention, a new unit housed in the Department of Finance to coordinate citywide efforts to combat fraudulent property transfers, according to an announcement on Friday. “The theft of a home is the theft of a family’s future,” Mamdani said in a statement.

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The outlook for mortgage rates as DOJ clears Fed path for Warsh

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Jerome Powell’s tenure as Federal Reserve chair is coming to an end as the Department of Justice (DOJ) has ended its investigation of alleged cost overruns on the Fed headquarters’ renovations. This paves the way for Kevin Warsh to head the Fed — maybe as soon as May. The timing couldn’t be more perfect, as

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DOJ drops probe tied to Fed, potentially easing path for Warsh confirmation

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The U.S. Department of Justice (DOJ) on Friday dropped its investigation into the Federal Reserve regarding Jerome Powell’s congressional testimony on the central bank’s headquarters renovation. The decision could ease the path for Kevin Warsh‘s confirmation as Powell’s successor. Jeanine Pirro, U.S. Attorney for the District of Columbia, announced that she’s closing the investigation and

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Senate questions Warsh on $100M-plus holdings and Fed ethics

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Kevin Warsh, President Donald Trump’s nominee to serve as the 17th chairman of the Federal Reserve, faced sharp questioning from senators on Tuesday at his confirmation hearing. Warsh asserted that he would not be the president’s “sock puppet” when determining interest rate decisions. Warsh, a former Fed governor who served during the 2008 financial crisis,

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Will new tax on ultra-luxury NYC homes derail red hot demand?

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New York Governor Kathy Hochul is reversing course and throwing support behind a proposed annual tax on high-end second homes in New York City. Hochul, who had previously resisted the measure, now says affluent property owners — particularly those with multimillion-dollar second homes — should help shoulder the burden of growing revenue gaps. The proposed

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